1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
djyliett [7]
3 years ago
9

Stubs-R-Us is a local event ticket broker. Last year, the company sold 750,000 tickets with an average commission of $10. Becaus

e of the general economic climate, Stubs expects ticket volume to decline by 20 percent. In addition, employees at a local insurance company headquarters accounted for 8 percent of Stubs’ volume. The headquarters relocated to another state and all the employees closed their accounts.
Offsetting these factors is the observation that the average commission per sale is likely to increase by 13 percent because the average ticket prices are expected to be larger in the coming year.
Required:
Estimate commission revenues for Stubs-R-Us for the coming year.
Business
1 answer:
jok3333 [9.3K]3 years ago
7 0

Answer:

$6,237,600

Explanation:

The computation of Estimate commission revenues is shown below:-

In the Coming year the market volume = 100% - 20%

= 80%

In the Coming year the number of sales = 100% - 8%

= 92%

In the coming year the Average commission per trade = 100% + 13%

= 113%

Commission revenue = Sold tickets × Average commission × In the Coming year the market volume × In the Coming year the number of sales × In the coming year the Average commission per trade

= 750,000 × $10 × 0.80 × 0.92 × 1.13

= $6,237,600

We applied the same formula to find out the commission revenue earned by the company

You might be interested in
The consideration of future consequences scale is intended to measure the extent to which an individual considers the future whe
Bingel [31]

If the scale of it were able to provide a more reliable measure, it is expected that the score of the person in the scale would have caused or resulted into a more relatively stable from his or her day to day life or daily life.

3 0
3 years ago
On January 4, 2019, Kiley Co. leased a building to Dodd Corp. for a ten-year term at an annual rental of $200,000. At the beginn
finlep [7]

Answer:

b. $200,000 $400,000

Explanation:

As it given that $800,000 received by Kiley,  out of which $400,000 is the security deposit amount  and remaining $400,000 represents the current year and the next year rent  

So we assume $200,000 is the current year rent revenue and the other $200,000 represents the unearned rent revenue which is reflected as a current liability

And, the security amount is shown as a long term liability

4 0
4 years ago
Explain how consumer's income can affect the demand curve for normal goods?
larisa [96]
I think it is because it is very hard to do
3 0
3 years ago
PLEASAE HELP ME YOU GUYS!!!!!!!!!!!!!!! 40 POINTS IF YOU ANWSER ALL!!!!
Natasha_Volkova [10]

Answer:

1. threats to the company

2. is product

3.true

4. sending out press release

8 0
3 years ago
In the AD partnership, Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a 3:1 ratio, respectively. T
Mamont248 [21]

Answer:

D) 137000 39000

Explanation:

Allen  140,000

Daniel 40,000

Capital before admission 180,000

share ratio 3:1

Capital after admission:

180,000 + 40,000 = 220,000

David participation: 20%

220,000 x 20% = 44,000

David investment  40,000

goodwill: 4,000

There is a difference in goodwill which will be supported for the old partner as their current share ratio

Allen 4,000 x 3/4 = 3,000

Daniel 4,000 x 1/4 = 1,000

Capital after David admission:

140,000 - 3,000 = 137,000

40,000 - 1,000 = 39,000

6 0
3 years ago
Other questions:
  • My question is below. PLEASE HELP ASAP!!! THANKS ;)
    8·1 answer
  • If a defendant seeks to throw out evidence obtained by law enforcement officers during a search and seizure, and interrogation,
    8·1 answer
  • Determine which statement about the absolute value of the price elasticity of demand is correct. The price elasticity of demand
    11·1 answer
  • A software firm plans to reduce the number of talented designers in its workforce who leave their jobs. In this case, the firm s
    9·1 answer
  • Carson beck works at the local worst buy shop. as a full-time student at the local university, he is being paid an hourly rate o
    10·1 answer
  • Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas
    12·1 answer
  • Most Company has an opportunity to invest in one of two new projects. Project Y requires a $310,000 investment for new machinery
    11·1 answer
  • Which applicants would be best qualified for the jobs based on educational level?
    14·2 answers
  • The costs of providing a work space for project workers, office furniture, electricity, and a cafeteria are ____ costs.
    7·1 answer
  • Suppose that garner had filed his action in an illinois state court. could an illinois state court have exercised personal juris
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!