Answer:
Revenue
- Ticket Sales - The Super Bowl is one of the most watched sporting events in the world and people pay top dollar to be able to attend it in the stadium. In 2019 the lowest estimate of revenue coming from ticket sales was $65 million.
- Television Rights - Networks pay to be able to broadcast the Super Bowl as it will bring in a lot of money for them from Ads. Fox, CBS and NBC are said to pay upwards of $2.5 billion every year to broadcast it.
- Merchandising - Millions are made in revenue from the sales of merchandise leading up to and after the big game.
Expenses
- Security - With so many people coming to the event, there has to be a provision for both private and public security. This means that Police will have to be paid for overtime and private firms will have to be paid their due.
- Cleaning - The stadium will have to be cleaned before, during and after the event so cleaning expenses will cost a bit too.
- Ad Hoc staff - There will be a need for people who will not have a specific job title but will still be needed to run around and embark on errands.
Profits
The profits will depend on how much revenues exceeds costs by so all the above listed factors can affect profit.
A central planning board makes all economic decisions concerning resources and. The government owns most property, resources are the characteristics that best describe a command system.
<h3>What is command system?</h3>
Command system is the economic system where government has a special and major role. That detects the economic with the real world problem like the coordination problem, moral problem, hazardous problem and others.
Thus, option B and C are correct.
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Answer:
What is allowance for doubtful debt?
This represents management's estimate of the amount of accounts receivable that will not be paid by customers. They are amount owed by debtors, whose likelihood of collection is not certain.
1 Bad debts expense Dr ($18,000 × 0.25%) $45
To Allowance for Doubtful Accounts $45
(Being the bad debt expense is recorded)
2. Bad debts expense $45
($72 - $27)
To Allowance for Doubtful Accounts $45
(Being the bad debt expense is recorded)
3 Bad debts expense $105
($72 + $33)
To Allowance for Doubtful Accounts $105
(Being the bad debt expense is recorded)
4 Allowance for Doubtful Accounts $15
To Accounts Receivable $15
(Being the allowance for doubtful accounts is recorded)
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Explanation:
Answer:
Annual deposit= $188,842.66
Explanation:
Giving the following information:
Williamsburg Nursing Home is investing in a restricted fund for a new assisted-living home that will cost $6 million.
n= 15 years
i= 10%
We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (6,000,000*0.10)/[(1.10^15)-1]
A= $188,842.66
Answer:
it would be C bc they sold something
