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lubasha [3.4K]
2 years ago
6

The local baseball team owner hires you to help maximize the team's profits. You are told that costs are constant because enough

help is always hired in case of a full stadium, so assume your task is to maximize revenues from ticket sales. Your advice to the owner should be:_________
Business
1 answer:
ozzi2 years ago
3 0

Answer:

increase price per ticket.

Explanation:

increase price per ticket in proportion to cost incurred.

set up an internal control system to ensure all revenue from ticket are well accounted for.

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Thomas Textiles Corporation began November with a budget for 60,000 hours of production in the Weaving Department. The departmen
netineya [11]

Answer:

a) $12,500 unfavorable

b) 0

Explanation:

variable factory overhead controllable variance = actual variable overhead expense - (standard variable overhead per unit x standard number of units)

actual variable overhead expense = $725,000

standard variable overhead per unit = $712,500 / 60,000 = $11.875

standard number of units = 60,000

variable factory overhead controllable variance = $725,000 - $712,500 = $12,500 unfavorable

Controllable factory overhead is not related to any changes in the actual volume or quantity produced.

Fixed factory overhead volume variance = actual fixed overhead - standard fixed overhead = $262,500 - $262,500 = 0

Fixed overhead was exactly the same as the standard or budgeted overhead.

6 0
2 years ago
You are 50 years old and proud of having $75,000 invested in a mutual fund earning an impressive 17% per year. you want to retir
shtirl [24]
I am really not sure but i will be honest with you i would have to say yes he will make it but if he don't he could always ask for a raise to make his goal
8 0
2 years ago
During the recession witnessed in early 2001, many firms laid off their employees and downsized. the reason for this decrease in
nevsk [136]
<span>During the recession witnessed in early 2001, many firms laid off their employees and downsized. The reason for the downsizing of employees from these firms in 2001 was the incompetency and poor performance of the employees. It may sound mean but to the company, this is advantageous since they can reduce the costing while at the same time maintain or increase the final goods.</span>
4 0
2 years ago
For the past two years, Swen Johannsen, owner/general manager of Swen's Fine Duds, a local men's clothing store, has fought to s
Viefleur [7K]

Answer:

Swen is using product/service repositioning strategy.

Explanation:

Product Repositioning simply refers to the art of altering the target markets perception of one's product and or services.

Swen is still in the clothing business. He has only changed the way he delivers it to the target consumers.

Of course, this sometimes calls for a change in product mix (which refers to altering the type of products being offered). However, the central idea of the strategy still holds as customers now see the business differently.

This type of strategy is easier to pull off for start-ups, or unpopular businesses trying to make a comeback. Where the business is a well-established brand, it can prove extremely difficult and may be costly.

Cheers.

4 0
2 years ago
An asset (not an automobile) put in service in June 2020 has a depreciable basis of $2,065,000, a recovery period of 5 years, an
faust18 [17]

Answer:

$2,065,000

Explanation:

Based on the information given the maximum amount of cost that can be deducted in the year 2020 will be depreciable basis of the amount of $2,065,000 reason been that 100% is the bonus depreciation that is allowed under bonus election.

Therefore maximum amount of cost that can be deducted in the year 2020 will be the same amount of $2,065,000.

7 0
2 years ago
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