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2 years ago

Chapter 11: Sport Sponsorship

1 answer:

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There are different kinds of activities. The process of undertaking activities to enhance and service a sponsorship once a sponsorship deal has been agreed to

<h3>What are sponsorship activities?</h3>

Sponsorships are is known to be the financial or also called an in-kind support of any kind of activities.

Businesses often sponsor things such as events, trade shows, groups, etc. so that they can reach also their business goals and boast their competitive advantage.

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Outback Corp. recorded sales of $1,300,000 in 2010, in addition the company's accounts receivable balance grew from $120,000 at

klemol [59]

Answer:

$1,255,000

Explanation:

The increase in accounts receivable is the portion of the current year sales revenue that has not been received in cash, hence, the cash collected from customers in the year 2010 is simply the sales adjusted for the impact of accounts receivable as shown below:

cash collection=sales revenue+beginning accounts receivable-ending accounts receivable

sales revenue=$1,300,000

beginning accounts receivable=$120,000

closing accounts receivable=$165,000

cash collection=$1,300,000+$120,000-$165,000

cash collection=$1,255,000

8 0

3 years ago

which one of the following is the primary determinant of a firm's cost of capital? a. cost of debt b. d/e ratio c. tax rate d. u

kolbaska11 [484]

Use of the funds ne of the following is the primary determinant of a firm's cost of capital. (OPTION D).A company's capital structure, or how money is used, will vary depending on the characteristics of its operational industry.

The main determinant of the firm's funds of capital would be its capital structure or method of usage. Firm traits including expansion, size, collateral asset value, profitability, volatility, non-debt tax shields, distinctiveness, industry, etc. are factors that affect capital structure. There may be numerous indicators for each capital structure factor. Tangibility, profitability, sales growth, business risk, and firm size act as moderating variables when determining capital structure in this study.

To learn more about funds, click here.

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4 0

1 year ago

If Mikael decides to go out with his friends instead of study for his biology test, what is the opportunity cost?

denis-greek [22]

Answer:

Studying his biology test

Explanation:

opportunity cost refers to the cost of the forgone alternative inorder to enjoy another service

7 0

3 years ago

One recurring problem in supply chain management is when information about the demand for a product gets distorted as it passes

vfiekz [6]

Answer: Bullwhip Effect

Explanation:

The Bullwhip Effect occurs as a result of changes in the original information about the demand of a product as the information passes across the supply chain.

In the Bullwhip Effect small changes at the customers end of the supply chain leads to large variation in the manufacturing end of the chain.

8 0

3 years ago

Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made fro

12345 [234]

Answer:

Part 1.

Plantwide overhead rate for Laval using direct labor hours as a base. is $1.60 per Direct Labor Hour

Part 2.

Total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate is $78.76

Part 3. Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.

Fabricating Assembly

Overheads (R) 390000 410000

Department Cost Driver 152000 290000

Overhead Rate 2.57 1.41

Therefore Overhead Rates are :

Fabricating Department $ 2.57 per Machine Hour

Assembly Department $1.41 per Labor Hour

Part 4. Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

Direct materials ($270000/21000) 12.86

Direct labor:

Fabricating department(6500/21000×$29) 8.98

Assembly department(15200/21000×$26) 18.82

Overheads:

Fabricating department(152000/21000×$2.57) 18.60

Assembly department (290000/21000×$1.41) 19.47

Total manufacturing cost per unit 78.73

Explanation:

Part 1. Plantwide overhead rate for Laval using direct labor hours as a base.

Overhead Rate = Total Overheads/Total Direct Labor Hours

= $1.60 per Direct Labor Hour

Fabricating Assembly Total

Overheads (R) 390000 410000 800000

Direct Labor Hrs 210000 290000 500000

Overhead Rate 1.60

Part 2. Total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate

Direct materials ($270000/21000) 12.86

Direct labor:

Fabricating department(6500/21000×$29) 8.98

Assembly department(15200/21000×$26) 18.82

Overheads:

Fabricating department(210000/21000×$1.60) 16.00

Assembly department (290000/21000×$1.60) 22.10

Total manufacturing cost per unit 78.76

Part 3. Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.

Part 4. Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

8 0

3 years ago