Answer:
The amount of $71,760 , is offered by the company for the stadium naming rights.
Explanation:
As the total cost for the sponsorship is $78,000 but the cost has 8% revenue for the naming sponsorship. Therefore,
= Amount × % of revenue
= $78,000 × 8%
= $6,240
In order to compute the amount which is offered to pay for the stadium rights, the revenue amount to be deducted from the administrative cost:
= Cost - Revenue
= $78,000 - $6,240
= $71,760
Answer:
The Mountaintop should charge a price of $90.1 for a round of golf.
Explanation:
Return required per golfer = (47000000*12%)/400000
= $14.1
Price to be charged = 14.1 + 16 + (24000000/400000)
= $90.1
Therefore, The Mountaintop should charge a price of $90.1 for a round of golf.
Answer:
D) . marginal revenue is less than the price of the product
Explanation:
Answer:
The mean amount lily spends ($8.35) in a week is true according to the above statement.
The mean amount was calculated by adding up all the amounts she spent over the course of 7days (i.e $5.69+ $5.95+ $6.19+ $10.91+ $7.49+ $14.53+ $7.66). This addition gives us a total of $58.42.
The next step is to then divide the total amount ($58.42) by the number of days, i.e 7.
we then have, <u>$58.42</u>
7
Mean amount = $8.35.
The answer tells us that lily spent $8.35 evenly everyday for 7 days to accumulate $58.42.
you can go on to check how correct the answer is by simply multiplying $8.35 by 7.
Cheers.