answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tangare
3 months ago
12

A company is offering to pay a stadium for naming rights. If the administrative costs for this sponsorship are $78,000, and thes

e costs are 8% of the revenue for the naming sponsorship, how much is the company offering to pay for the stadium naming rights?
Business
1 answer:
marusya05 [3.7K]3 months ago
6 0

Answer:

The company’s offer for the rights to name the stadium amounts to $71,760.

Explanation:

The sponsorship’s total administrative cost is $78,000, which constitutes 8% of the revenue generated from the naming rights. Hence,

= Revenue × Percentage

= $78,000 × 8%

= $6,240

To find the amount proposed for the naming rights, we subtract the revenue-related expense from the total cost:

= $78,000 - $6,240

= $71,760

You might be interested in
Brendan and sean combined their love of baseball with a business venture. they purchased a small cart and began selling memorabi
Scilla [3833]
The right answer is C. Environmental Circumstance refers to the situations that create the basis for any claimed breach or responsibility under the law or permit in relation to the environment. In this instance, both individuals launched a business that thrived in its first year, but faced challenges in the second year due to poor team performance and adverse economic conditions. Thus, this situation can be interpreted as environmental circumstances that are challenging to manage and inherently variable.
8 0
1 month ago
An investment pays you $30,000 at the end of this year, and $15,000 at the end of each of the four following years. What is the
Nady [3600]

Answer:

The present value of the cash flow, discounted at a 5% annual rate, is $76,815.65.

Explanation:

First, we calculate the present value of a $15,000 annuity over 4 years:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 15,000.00

Time 4

Rate 0.05

15000 \times \frac{1-(1+0.05)^{-4} }{0.05} = PV\\

PV $53,189.2576

Next, we discount two additional years as a lump sum, corresponding to two years following the investment:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  53,189.26

Time  2.00

Rate  0.05000

\frac{53189.2575624354}{(1 + 0.05)^{2} } = PV  

PV   48,244.2245

Adding them results in the present value:

48,244.22 + 28,571.43 =  76,815.65  

8 0
2 months ago
Select the correct answer.
Katen [3525]

The optimal approach for Karan to take is:

D.

to inform the employees that their emails will be subject to monitoring

Explanation:

Oversight of employees' social media interactions straddles ethical considerations, thus it’s important to establish a best practice that aligns with the organization’s culture.

Workers should be made aware of the monitoring so they comprehend that it will occur.

Subsequently, checks can be conducted randomly or based on perceived trustworthiness.

8 0
1 month ago
A company would like to produce 1000 products per week for 30 weeks. The Direct Material Cost for the raw materials used in the
Mariulka [3825]

Answer:

$60000

Explanation:

A total of 1000 items are to be manufactured each week for a duration of 30 weeks.

Calculating the total number of products gives us 30 * 1000

= 30000

The filter requires changing after every 100 products, with each filter costing $50.

The total number of filters utilized is

= 30000/100

= 300.

Thus, the cost per product equals $1.5

The overall cost can be determined as

($1.5*30000)+($50*300)

= $45000+$15000

= $60000

4 0
1 month ago
Preparing Closing Procedures The adjusted trial balance of Parker Corporation, prepared December 31, 2018, contains the followin
Katen [3525]
Answer: Parker Corporation a) Closing Journal Entries: General Journal Description Debit Credit 12/31 Service fees revenue $92,500 Interest income 2,200 Retained earnings 42,700 Income Summary $137,400 to close credit items to the Income Summary. Income Summary $64,700 Salaries expense $41,800 Advertising expense 4,300 Depreciation expense 8,700 Income tax expense 9,900 to close debit items to the Income Summary. b. T-accounts: Debit Credit Service fees revenue $92,500 Adjusted balance $92,500 Income Summary $92,500 Balance $0 Interest income $2,200 Adjusted balance $2,200 Income Summary $2,200 Balance $0 Salaries expense $41,800 Adjusted balance $41,800 Income Summary $41,800 Balance $0 Advertising expense $4,300 Adjusted balance $4,300 Income Summary $4,300 Balance $0 Depreciation expense $8,700 Adjusted balance $8,700 Income Summary $8,700 Balance $0 Income tax expense $9,900 Adjusted balance $9,900 Income Summary $9,900 Balance $0 Retained earnings Adjusted Balance 42,700 Income Summary $42,700 Balance $0 Explanation: a) Data: Parker Corporation Adjusted Account Balances Debit Credit Service fees revenue $92,500 Interest income 2,200 Salaries expense $41,800 Advertising expense 4,300 Depreciation expense 8,700 Income tax expense 9,900 Retained earnings 42,700.
6 0
2 months ago
Other questions:
  • Based on the lesson and your research, how would you fund a four-year college degree? In two to three sentences, explain your ch
    14·3 answers
  • For some reason, the seller of a home at 123 Mulberry Lane decided not to close on a sale transaction on closing day. The seller
    12·1 answer
  • Kate has a 20-square-foot plot of land in her backyard that she uses to grow tomatoes and lettuce. Every square foot of land can
    10·2 answers
  • For product W, a firm has an annual holding cost percentage of 20%, an ordering cost of $110 per order, and annual demand of 15,
    14·1 answer
  • The latest demand equation for your Banjos Rock T-shirts is given by q = −30x + 7200 where q is the number of shirts you can sel
    7·1 answer
  • Dominik Corporation purchased a machine 5 years ago for $527,000 when it launched product M08Y. Unfortunately, this machine has
    10·1 answer
  • In 2005, Anthara Inc. acquired Sathya Inc. for $1,200 million when the fair value of net assets (assets minus liabilities) of Sa
    10·1 answer
  • When an administrator at a local hospital prepares a series of charts and graphs pertaining to the patients that have stayed at
    7·1 answer
  • Novak Corp. issued 2,000 8%, 9-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1.
    8·1 answer
  • Gary has an 80% LTV loan on his new $318,000 townhome with an annual interest rate of 4.125%. What’s his interest payment the fi
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!