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Fofino [41]
4 years ago
14

A stadium estimates its administrative costs for three sponsorships to be $12,000, $27,000, and $63,000. Revenue from the sponso

rships is $250,000. How much of a profit margin can the stadium expect?
Business
2 answers:
Gemiola [76]4 years ago
6 0

The correct answer is $148,000

Rufina [12.5K]4 years ago
5 0

the answer is 59.2% profit margin

hope this helps

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Which subscription level(s) in QuickBooks Online include the Receipt Capture feature?
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Texas Oil Company (TOC) paid $3,000,000 for an oil reserve estimated to hold 50,000 barrels of oil. Oil production is expected t
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Answer: Please see answer below

Explanation:

<u>Oil Reserve </u>$3,000,000 for year 1, 2, 3

<u> Accumulated Depletion </u>

Year 1 = $3,000,000/50,000 X 10,000= $600,000

Year 2 = 3,000,000/50,000 X 30,000+600,000=$2,400,000

Year 3 =3,000,000/50,000 X 10,000+ 2,400,000= $3,000,000

<u>Oil Reserve</u>

Year 1 =$3000000- $600,000=$2,400,000

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<u>Net Oil Inventory</u>

Year 1= $600,000

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                                          Year 1          Year 2         Year 3

Oil Reserve        $3,000,000          $3,000,000      $3,000,000

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Oil Reserve,               $2,400,000             $600,000         $0

Net Oil Inventory      $600,000        $2,400,000     $3,000,000

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4 years ago
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