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2 years ago

When sport/event organizations seek sponsors who will exploit the sponsorship, what benefit are they seeking to gain?

1 answer:

5 0

Answer: they want to generate more income from doing so, the greater the allowance the more income they will generate for the event they intend holding.

Explanation:

Exploiting of sponsorship would be described as allowing a sponsor to utilize every opportunity in the event to promote their brand.

When event organizers look out for sponsors who would handle their event and allow them explore it, it'll mean they want to generate more income from doing so, the greater the allowance the more income they will generate for the event they intend holding. For them to allow a particular brand to exploit the event would mean that brand would virtually take care of all expenses for the event since it'll be the face the audience would see when they come to the event. It is a way of generating more income for events.

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The entity’s manufacturing division, whose assets constituted 75% of its total assets at September 30, Year 5 (end of year), was

belka [17]

The event should be presented in the financial statements as follows:

1. The assets side of the balance sheet will be reduced by 75%, with its accompanying accumulated depreciation.

2. The bonded liability on the balance sheet is eliminated by the relevant amount.

3. The journal entry should debit the Bonded Liability and accumulated depreciation, while the assets worth 75% are credited.

4. If the bonded indebtedness is more than 75% of the assets, the company records a profit on disposal on the income statement. Otherwise, it records a loss. If they are equal, there is no profit or loss.

Thus, the difference between the debit and credit entries constitutes either profit or loss on disposal.

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2 years ago

40 points fast easy question. ………….

Naddik [55]

It’s depends which artical your reading since you have to re read the book to answer.

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1 year ago

"The Marlene Doll Co. uses a process costing system. Consider the following data for Dept. A. UNITS: W-1-P Nov. 1: 8,000 units,

Law Incorporation [45]

Answer:

The Marlene Doll Co.

Weighted-AVerage Method

Cost of production:

COSTS: W-1-P Nov. 1: $9,600 $4,800

Costs added in November: 15,600 14,400

Total costs for the month $25,500 $19,200

Equivalent units of production:

Units Materials Conversion

Transferred to Dept B: 12,000 12,000 12,000

W-1-P Nov. 30: 6,000 6,000 3,000

Equivalent units 18,000 15,000

Cost per equivalent units:

Materials Conversion

Total costs for the month $25,500 $19,200

Equivalent units 18,000 15,000

Cost per equivalent unit $1.42 $1.28

Costs assigned to:

Units Transferred to Dept B: $17,040 $15,360 $32,400

(12,000 *$1.42) (12,000 * $1.28)

W-1-P Nov. 30: 8,520 3,840 12,360

(6,000 *$1.42) (3,000 * $1.28)

Total costs assigned $25,560 $19,200 $44,760

FIFO Method

Equivalent units of production:

Units Materials Conversion

W-1-P Nov. 1: 8,000 0 (0%) 2,000 (25%)

Units started & completed: 10,000 10,000 10,000

W-1-P Nov. 30: 6,000 6,000 3,000

Equivalent units 16,000 15,000

Cost per equivalent units:

Materials Conversion

Total costs for the month $15,600 14,400

Equivalent units 16,000 15,000

Cost per equivalent unit $0.975 $0.96

Costs assigned this month to:

Work-in-Process $0 $1,920 $1,920

(0 *$0.975) (2,000 * $0.96)

Units completed $9,750 $9,600 $19,350

(10,000 *$0.975) (10,000 * $0.96)

W-1-P Nov. 30: 5,850 2,880 8,730

(6,000 *$0.975) (3,000 * $0.96)

Total costs assigned $15,600 $14,400 $30,000

Total costs of:

Units transferred out $19,350 $16,320 $35,670

W-1-P Nov. 30: 5,850 2,880 8,730

Total costs $25,200 $19,200 $44,400

Explanation:

a) Data and Calculations:

Dept. A. UNITS:

Units Materials Conversion

W-1-P Nov. 1: 8,000 100% 75%

Started in November: 10,000

Transferred to Dept B: 12,000 100% 100%

W-1-P Nov. 30: 6,000 100% 50%

6 0

2 years ago

Bluestone Company had three intangible assets at the end of the current year:

Dimas [21]

Answer:

Bluestone Company

1. Acquisition cost of each intangible asset:

Patent $3,200

Trademark = $0

Licensing Rights = $70,000

2. Amortization for the current year ended December 31:

Amortization Expenses:

Patent = $200 ($3,200/16)

Trademark = $7,500 (expensed in full)

Licensing Rights = $14,000 ($70,000/5)

3. BLUESTONE COMPANY

Income Statement (partial)

For the year ending December 31

Amortization Expenses:

Patent $200

Licensing Rights $14,000

Trademark expense $7,500

BLUESTONE COMPANY

Balance sheet (partial)

At December 31

Intangibles:

Patent $3,200

Acc. Amortization 200 $3,000

Licensing Rights $70,000

Acc. Amortization 14,000 $56,000

Explanation:

a) Data and Calculations:

a. Purchased patent on January 1 for $3,200 Estimated life 16 years

b. Internally developed trademark is expensed: $7,500

c. Purchasing Licensing Rights on January 1 for $70,000 for 5 years

7 0

2 years ago

A salesperson working for a firm that operates on the basis of exclusive sales territories must _____.

Alisiya [41]

A salesperson working for a firm that operates on the basis of exclusive sales territories must <u>consider whether the prospect is eligible, based in location or customer type, to purchase from him or her</u>.

A salesperson is responsible for greeting customers, helping them find items in the store, and calling them to purchase. To be successful as a salesperson, you need excellent communication skills. Great salespeople meet their sales goals while being polite and helpful to their customers.

Definition a salesperson is a person who sells goods or services. An example of a seller is someone who sells cars. salesman. A person engaged in the sale of goods or services.

A great salesperson should offer customers more than an inspiring sales pitch. He is an enthusiastic and resilient person who understands the needs of his customers, shows empathy, and takes the time to sell his products with confidence.

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1 year ago