A business has non-current liabilities of £600 000 and a gearing ratio of 40%. It then takes out

In 2013, the Oakland A's were one of the hottest teams in baseball. They were regularly drawing "sellout" crowds, with many m

igor_vitrenko [27]

Answer:

The other reason was to limit the number of special seats to charge a higher price for them.

Explanation:

Oakland A's knows that it has a large number of dedicated fans and that they are thirsty for tickets to watch the games, as these tickets are in high demand. In this case, when Oakland A's puts tarps or removes only on 20,000 seats and claims that it is to promote a more intimate experience for fans, it is because it knows that fans will want to occupy these special places, no matter what price they need to pay. In this case, we can say that a probable reason for the existence of these 20,000 unavailable seats is to increase the profit from ticket sales, by charging a higher price for the available seats.

8 0

3 years ago

Waterway Industries required production for June is 172000 units. To make one unit of finished product, three pounds of direct m

vagabundo [1.1K]

Answer:

Direct material purchase budget = 546,000 pounds

Explanation:

<em>Raw material purchase budget is determined by adjusting the raw material usage budget for opening and closing inventory of materials. </em>

Purchase budget = usage budgeted + closing inventory - opening inventory

Usage budget = Production budget × standard materials per unit

= 172,000 × 3 pounds= 516,000

Purchase budget =516,000 + 380,000 - 350,000=546,000

Direct material purchase budget = 546,000 pounds

8 0

3 years ago

Who is responsible for ensuring the policies and procedures are implemented across the organization and acts as a liaison betwee

Elina [12.6K]

Responsible for ensuring the policies and procedures are implemented across the organization and acting as a liaison between the MIS department and the business?

The correct answer is Data Steward

<h3>Why is MIS becoming so important to businesses?</h3>

The main purpose of the MIS reporting system is to provide management with important business information for complex decision-making. Reliable information about business data related to current market development is essential for governments to be able to make swift and well-founded decisions.

The first relationship between business processes and information systems is to achieve business goals. For example, organizations use information systems to improve operational and process efficiency by improving the flow of information.

Learn more about the MIS department and the business here

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8 0

2 years ago

A cyclically-adjusted budget balance: a. shows what the budget balance would be when there is a significant amount of cyclical u

GarryVolchara [31]

Answer:

B

Explanation:

The cyclically adjusted budget balance is what the budget balance of an economy would be if the GDP was at its potential. It is also known as the known as the full employment budget balance

8 0

3 years ago

On December 31, 2016, Marin Inc. borrowed $4,500,000 at 12% payable annually to finance the construction of a new building. In 2

denis23 [38]

Answer:

$274,500

Explanation:

*March 1 : Amount spent = 540,000; Period = 10

Weighted average accumulated expenditure = (10/12)*540000= 450,000

*June 1: Amount spent = 900,000; Period = 7

Weighted average accumulated expenditure = (7/12)*900000= 525,000

*July 1: Amount spent = 2,250,000; Period = 6

Weighted average accumulated expenditure = (6/12)*2250000= 1,125,000

*December 1: Amount spent = 2,250,000; Period = 1

Weighted average accumulated expenditure = (1/12)*2250000= 187,000

Therefore total Weighted average accumulated expenditure = 2,287,500

Interest on weighted average = 12% * 2,287,500 = 274,500 = Avoidable interest

Calculation of Actual interest on the instruments;

Bond: 13%*6,000,000= 780,000

Note: 10%*2,400,000= 240,000

Loan: 12%*4,500,000= 540,000

Actual interest = 1,560,000

According to GAAP; The least amount between Actual Interest and Avoidable interest can be capitalized.

Following the figures above, amount of interest to be capitalized in 2017 in relation to the construction of the building is $274,500

4 0

3 years ago