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Lena [83]
2 years ago
9

The turnout for a game is expected to reach 70,000 fans, of which 60 percent are expected to drive. An Average of 2 fans come in

each vehicle. There is parking for only 9,000 vehicles at the stadium; therefore, satellite parking will be needed. If each statellite lot can accommodate 1,500 vehicles, how many satellite lots will be needed?
Business
1 answer:
GenaCL600 [577]2 years ago
7 0

Answer: Eight satellite lots will be needed to accomodate all the vehicles.


Expected turnout for the game                                    70,000 fans

Proportion of people expected to drive                              60%

Number of people expected to arrive by car: 70000*0.6 = 42,000

Number of people per vehicle                                              2  

Expected number of cars                           \frac{42000}{2} = 21000        

Number of car parks in the stadium                                   9000

Number of additional car parks required     21,000-9,000 = 12,000              

Number of car parking per satellite lot                               1500

Number of satellite lots required               \frac{12000}{1500}= 8    



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Pouch Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.84 direct labor-
Sunny_sXe [5.5K]

Answer:

$31,584

Explanation:

Pouch Corporation

Direct Labor Budget June July Total

Required production in units

2,100 1,900

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1,764 1,596

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Total direct labor cost

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Required production in units×Direct labor-hours per unit =Total direct labor-hours needed

Total direct labor-hours needed×Direct labor cost per hour =Total direct labor cost

$16,581.60 + $15,002.40 = $31,584

8 0
1 year ago
Sanborn company rents space to a tenant for $3,100 per month. the tenant currently owes rent for november and december. the tena
bixtya [17]

<u>Adjusting entry for Rent Receivable:</u>

It is given that Sanborn Company rents space to a tenant for $3,100 per month. The tenant currently owes rent for November and December, it means the Rent Receivable as on Dec. 31 is (3100*2) = $6,200

So the adjusting entry as on Dec. 31 shall be as follows:


Rent Receivable    Debit  $6,200

Rent Revenue        Credit               $6,200

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8 0
1 year ago
Glascro Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the
omeli [17]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Month - Lease cost - Machine hours

April: $15,000 - 800

May: $10,000 - 600

June: $12,000 - 770

July: $16,000 - 1,000

Using the high-low method, first, we need to determine the unitary variable cost. We need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (16,000 - 10,000) / (1,000 - 600)

Variable cost per unit= $15 per unit

Now, we can calculate the fixed costs:

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 16,000- (15*1,000)

Fixed costs= $1,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 10,000 - (15*600)

Fixed costs= $1,000

6 0
1 year ago
Alton Company uses a process-costing system for its single product. Material A is added at the beginning of the process; in cont
Semenov [28]

Answer:

e. A, 6,000; B, 6,000.

Explanation:

At the beginning of the process Materials A are added. Therefore it won't matter if the process is 80% or less/more is complete, the materials A have already been added and would be equivalent to the ending work-in-process inventory i.e. 6,000 units.

Materials B are added when the units are 75% complete. Since the ending work-in-process are 80% complete, then this means that the Materials B equivalent to 6,000 units have already been added to the ending inventory.

Hence, both materials A and B have been added to the ending work-in-process inventory for 6,000 units. Therefore, option E is correct.

8 0
1 year ago
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