Answer: Capital, Good Market Economy and Massive Urban Centres
Explanation:
Commercial sports are most likely to grow and prosper in societies with enough capital because for every buying and selling process, capital must be involved to set up marketable products. So, a commercial sport would require capital to have nice viewing areas, infrastructure and manpower.
Also, sports is incomplete without a massive urban center. A society with massive urban centres has a profitable potential for commercializing its sporting activities.
Lastly, a society with a good market economy that has its investment and production decisions dependent on supply and demand is a good spot for commercial sports.
This is a mixture of both. You may lose a customer if you don't but most likely you will still have enough to keep moving forward with your career so I would say False
Answer: Net Present Value = -$19,062
Explanation:
First, we'll compute the PV for the respective years
Present Value (Year-1)
= ![0.6211 \times [1 + (0.055 - 0.06)]^{1}](https://tex.z-dn.net/?f=0.6211%20%5Ctimes%20%5B1%20%2B%20%280.055%20-%200.06%29%5D%5E%7B1%7D)
=0.6179945
Present Value (Year-2)
= ![0.6211 \times [1 + (0.055 - 0.06)]^{2}](https://tex.z-dn.net/?f=0.6211%20%5Ctimes%20%5B1%20%2B%20%280.055%20-%200.06%29%5D%5E%7B2%7D)
=0.614904528
Present Value (Year-3)
= ![0.6211 \times [1 + (0.055 - 0.06)]^{3}](https://tex.z-dn.net/?f=0.6211%20%5Ctimes%20%5B1%20%2B%20%280.055%20-%200.06%29%5D%5E%7B3%7D)
=0.611830005
Now, we'll compute the Cash Flow for the respective years
Cash Flow (Initial)
= 
= -$209,306.07
Cash Flow (Year-1)
=
=$32,362.75
Cash Flow (Year-2)
=
=$81,313.44
Cash Flow (Year-3)
= 
=$147,099.68
Net Present Value:
= -$209,306.07 + ($32,362.75/1.141)+ ($81,313.44/1.142) +($147,099.68/1.143)
= -$209,306.07 +$28,388.38 + $62,568.05 + $99,288.10
= -$19,062
Answer:
the acid-test ratio is 1.5 times
Explanation:
The computation of the acid-test ratio is as follows:
Acid test Ratio = Quick assets ÷ current liabilities
where,
Quick Assets is
= Cash + short tern investments + Account receivable
= $3,500 + $50,000 + $56,000
= $109,500
And, the current liabilities is $73,000
So, the acid-test ratio is
= $109,500 ÷ $73,000
= 1.5 times
Hence, the acid-test ratio is 1.5 times
B seems like the most reasonable