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Phoenix [80]
2 years 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:
docker41 [41]2 years ago
6 0

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

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Delicious77 [7]
Well...if he earns $75 an hour....and he worked for 20 hours...that's
75 * 20 which = 1500
Now it says he also earns a flat fee....since the question states he billed the client 1800...and he only earned 1500 of it...that must mean that his flat fee would be
1800 - 1500 = 300
So his flat fee is 300...and his variable charge...is 75x (75 dollars per hour)
in an equation...this would look like
C(x) = 75x + 300
4 0
1 year ago
Mayan Company had net income of $34,000. The weighted-average common shares outstanding were 8,500. The company has no preferred
Sindrei [870]

Answer:

The company's earnings per share is $ 4.

Explanation:

EPS earning per share is an indicator widely used by investor of stock market in order to determine market value of their investment. EPS is directlty proportional to stock price.

EPS is calculated by dividing net income with outstanding common shares.

EPS = Net income/ outstanding common shares

EPS = 34,000/8,500 = $ 4

6 0
2 years ago
Barney is 70 years old and has just retired from a career as a lawyer. He is now spending time looking back on his life and is r
Bas_tet [7]

Answer:

Life Review

Explanation:

Barney is engaged in life review process where one person return progressively to his or her consciousness of the conflicts and memories of the past which were never resolved properly, the main purpose is to re-evaluate them and to find some kind of resolutions. This is one of the most common phenomenon in which older people are engaged in their post age life where they re-call and remember their early life memories, mistakes, regrets, and unfinished tasks.

5 0
1 year ago
​bill's organization expects​ 50% of profits to be generated by products that did not exist five years ago. what is the nature o
Elena-2011 [213]
The nature of the program that the organization's managers are likely to follow is INNOVATIVE. The organization's manager wanted to improve the products and set a goal to reach so that the employee will do their best to reach the goal that they didn't exist five years ago.
6 0
1 year ago
On January 1, 2021, Jalen Company purchased land costing $800,000. Instead of paying cash at the time of purchase, Jalen plans t
Alenkinab [10]

Answer:Jalen journal $

Date

Jan 1 ,2021

Land Dr. 860,887

Note payable Cr. 860,887

Narration. Issuance of note of above amount payable in four installment for purchase of land.

June 30,2021

Note payable Dr 215,221.64

Cash Cr. 215,221.64

Narration. Payment of first installment on land purchase.

December 31,2021

Note payableDr 215,221.64

Cash.Cr. 215,221.64

Narration. Payment of second installment on land purchase.

2. Balance on note payable as at December 31, 2021 $400,000

Balance on Interest expenses $30,443.28

Explanation:

The land account is debited to recognized it's purchase and a credit is made to the notes payable account to recognise the credit.

The total installment is debited for payment made in the first and second period.

The balance on the note payable represents the two outstanding principal payment of the $800,000 and the interest expenses represents the excess over the principal sum.

6 0
2 years ago
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