Answer:
Profit = $125,000
Explanation:
We know,
Profit = Sales revenue - Expense
Given,
Sales revenue = Number of seats available × Ticket price per person
Sales revenue = (1,000 seats × $150) + (500 seats × $50)
Sales revenue = ($150,000 + $25,000)
Sales revenue = $175,000
Expense = $50,000
Putting the values to the formula, we will get
Profit = Sales revenue - Expense
Profit = $175,000 - $50,000
Profit = $125,000
Answer:
the sales revenue that Head-First must make to earn operating income of $73,120 is $324,000
Explanation:
Hi, first we need to find the units to reach an operating income = $73,120
Price=72
Var Cost= 72*0.62=44.64
Fixed cost= 50,000
With that in mind, let´s formulate the equation
Where:
X= units to sell
everything should look like this
So, Head First has to sell 4,500 units in order to make that $73,120 operating income mark. Therefore, the sales revenue will be 4,500*$72=$324,000
To check the aswer, please relate to the MS excel spreadsheet attached to this answer.
Best of luck.
Answer:
Recognize the assessments as assessments receivable and revenue.
Explanation:
Practically, this will result in a receivable in the reserve fund, if the amounts are not received when due.
This could be seen when an/a corporation may decide on the amount of an assessment years before the cash is been used.
But cannot really obtain the revenue at the time of the decision, since the corporation can change its decision up until the day the amount is due. Also there are no specific parties being assessed, until the owner on record is known on the day the assessment is due, also the assessment should be recognized as revenue of the reserve fund when due.
The answer is <span>the decline is universal, intrinsic, progressive, irreversible and deleterious
Universal because it happens to all people.
Intrinsic it is called senescence way that happens in aging.
Irreversible and progressive it goes day by day.
Deleterious, getting old means being more prone to sickness and poor health.</span>
Answer:
providing for national defense
Explanation:
yes
