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Phoenix [80]
3 years ago
12

A company is offering to pay a stadium for naming rights. If the administrative costs for this sponsorship are $78,000, and thes

e costs are 8% of the revenue for the naming sponsorship, how much is the company offering to pay for the stadium naming rights?
Business
1 answer:
docker41 [41]3 years ago
6 0

Answer:

The amount of $71,760  , is offered by the company for the stadium naming rights.

Explanation:

As the total cost for the sponsorship is $78,000 but the cost has 8% revenue for the naming sponsorship. Therefore,

= Amount × % of revenue

= $78,000 × 8%

= $6,240

In order to compute the amount which is offered to pay for the stadium rights, the revenue amount to be deducted from the administrative cost:

= Cost - Revenue

= $78,000 - $6,240

= $71,760

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Debora [2.8K]

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Explanation:

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Accounting profit = Total revenue - Total cost

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$100 - ($20 ×5) = 0

6 0
3 years ago
LO 4.4Assigning indirect costs to specific jobs is completed by which of the following?
LUCKY_DIMON [66]

Answer:

using the predetermined overhead rate

Explanation:

The indirect cost is also known as the overhead cost. The overhead cost are those cost which is related to the factory expenses like - depreciation, property taxes, utility expense, rent expense, repairs expense, indirect labor, and indirect material cost, etc

As we know

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours) or (estimated machine labor-hours)  

As the case maybe

By using the predetermined we can easily allocate the indirect cost to the specific cost

6 0
3 years ago
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nekit [7.7K]

Answer:

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Explanation:

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<em>In such a scenario it is clear to conclude that the standards of human beings around the world have been boosted by globalization.</em>

7 0
3 years ago
Suppose you purchased a $1,000 face value, 15-year bond one year ago. The bond has a 7.125% (annual) coupon rate - but the bonds
Leya [2.2K]

Answer:

Explanation:

From the question, we have the followed parameters;

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5 0
3 years ago
All the long-term debt of a government, including the long-term debt that will be financed by Enterprise Fund revenues, is repor
Studentka2010 [4]

Answer: False

Explanation:

False.

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