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3 years ago

Identify two to three factors that affect revenue, expenses, and profit in the business of the Super Bowl:

Business

1 answer:

scoundrel [369]3 years ago

5 0

Answer:

Revenue

Ticket Sales - The Super Bowl is one of the most watched sporting events in the world and people pay top dollar to be able to attend it in the stadium. In 2019 the lowest estimate of revenue coming from ticket sales was $65 million.
Television Rights - Networks pay to be able to broadcast the Super Bowl as it will bring in a lot of money for them from Ads. Fox, CBS and NBC are said to pay upwards of $2.5 billion every year to broadcast it.
Merchandising - Millions are made in revenue from the sales of merchandise leading up to and after the big game.

Expenses

Security - With so many people coming to the event, there has to be a provision for both private and public security. This means that Police will have to be paid for overtime and private firms will have to be paid their due.
Cleaning - The stadium will have to be cleaned before, during and after the event so cleaning expenses will cost a bit too.
Ad Hoc staff - There will be a need for people who will not have a specific job title but will still be needed to run around and embark on errands.

Profits

The profits will depend on how much revenues exceeds costs by so all the above listed factors can affect profit.

You might be interested in

Shannon is an officer for Turista Shirts Corporation. Due to a bad business decision, made on a reasonable basis, on Shannon’s p

snow_lady [41]

Answer:

(D) none of the choices

Explanation:

Shannon is the officer and a human, people can make mistakes, since due to the decision made by him the sales level has decreased and this was not expected by the company. Even though there is decrease but as he did not do it with the intentions to degrade company or the performance of company, he shall not be guilty of any act.

Assuming he took all the valid steps while forming the decisions he shall not be liable for any defaults or losses.

As it is common to incur losses in business, because of market changes.

8 0

3 years ago

You grow lots of different herbs and spices on your certified organic farm, and you can think of many different people and busin

GalinKa [24]

Question:

You grow lots of different herbs and spices on your certified organic farm, and you can think of many different people and businesses who might be interested in purchasing them. Some of your prospect ideas are obvious, whereas others are a bit of a stretch. What's the best way to segment these prospects so that you can focus on those with the greatest potential first

Options:

A. sort by personal characteristics, such as age and income level.

B. sort by customer types, such as commercial and reseller.

C. sort by customer types, such as restaurants, grocery stores, and food product manufacturers.

D. sort by end-use application, such as food preparation versus food product production

Answer:

The best choice is C) sort by customer types, such as restaurants, grocery stores, and food product manufacturers.

Explanation:

The above choice is called:

Firmographic Segmentation: This refers to focusing ones marketing efforts on Business to Business relationships. This is more beneficial because

businesses have set standards,
they are easy to relate with
they already have a hub of numerous customers waiting to buy from them
there is an assurance of consistent demand for the herbs

Cheers

4 0

3 years ago

When writing the proposal, you should assume that the reader:

bazaltina [42]

Answer:

The correct answer is letter "D": knows nothing about the proposed project, so all the details must be thoroughly explained.

Explanation:

Business proposals are detailed documents that expose project ideas and are generally addressed to investors to attract their interest in the venture. The proposal writer must have the ability to comprise all the strengths of the business ideas in a summarized, clear, step-by-step file that could convince entrepreneurs to be part of the project.

4 0

3 years ago

Boilermaker House Painting Company incurs the following transactions for September:

mr Goodwill [35]

Answer:

1) Dr Accounts receivable 11,000

Cr Service revenue 11,000

2) Dr Equipment 12,000

Cr Cash 12,000

3) Dr Supplies 1,700

Cr Accounts payable 1,700

4) Dr Wages expense 2,400

Cr Cash 2,400

5) Dr Advertising expense 1,200

Cr Cash 1,200

6) Dr Rent expense 3,600

Cr Cash 3,600

7) Dr Cash 6,000

Cr Accounts receivable 6,000

8) Dr cash 4,200

Cr Deferred revenue 4,200

Cash Accounts receivable

debit credit debit credit

17,100 800

12,000 11,000

2,400 6,000

1,200 5,800

3,600

6,000

4,200

8,100

Supplies Equipment

debit credit debit credit

320 5,600

1,700 12,000

2,020 17,600

Accounts payable Deferred revenue

debit credit debit credit

700 4,200

1,700

2,400

Common stock Retained earnings

debit credit debit credit

16,000 7,120

Service revenue Rent expense

debit credit debit credit

11,000 3,600

Wages expense Advertising expense

debit credit debit credit

2,400 1,200

Boilermaker House Painting Company

Trial Balance

For the month ended September 30, 202x

debit credit

Cash $8,100

Accounts Receivable $5,800

Supplies $2,020

Equipment $17,600

Accounts Payable $2,400

Deferred revenue $4,200

Common Stock $16,000

Retained Earnings $7,120

Service revenue $11,000

Rent expense $3,600

Wages expense $2,400

Advertising expense $1,200

Totals $40,720 $40,720

7 0

3 years ago

When cities prevent landlords from charging market rents, which of the following are common long-run outcomes? Check all that ap

aniked [119]

Answer: Option (b) is correct

Explanation:

When cities prevent or stop the landlords to collect the market rents then this will lead to black marketing. After this prevention, landlords try to fool the system or the public by charging higher rent for the apartments and in fact, this is done with no legal paper work or documentation and manipulation of rules and regulations. Hence, this will results in black market.

7 0

3 years ago