Frank houser owns a football team that plays its home games at Memorial Stadium. To increase revenue he is offering a sponsorship to Durable Goods, a company that makes sports equipment. Durable Goods want to provide all of the team’s equipment and pay $150,000 for the right to place its logo on the team’s uniforms. Currently, the team spends $108,000 on equipment annually. How much will frank profit by accepting the offer?

Answers

Answer 1

Answer:

$258,000

Explanation:

Frank houser will benefit in the following ways from Durable goods.

Team equipment worth $108,000 and $150,000 for the right to place the logo on uniforms.

The total benefits will be $108,000 + $150,000

=$258,000


Related Questions

James Smith recorded the following transactions during the month of April. Apr. 3 Cash 1,400 Service Revenue 1,400 16 Rent Expense 400 Cash 400 20 Salaries and Wages Expense 150 Cash 150 Post these entries to the Cash account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was $1,900. (Post entries in the order of journal entries presented in the question.) Cash choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose a transaction date enter a debit balance choose a transaction date enter a credit balance.

Answers

Answer and Explanation:

The computation of the ending cash balance with the help of the cash ledger is presented below:

Cash account

Date   Particulars           Amount            Date    Particulars         AMount

April 1   Beg. Balance    $1,900             April 16  Rent expense   $400

April 3  Service revenue $1,400           April 20 Salaries & wages

                                                                             expense              $150

April 30 Ending balance $2,750

While planning a new product launch, Cassandra knew that the art department was ready to work on the promotional pieces right away. But they are not able to start until the strategy group established the price point and the purchasing group obtained the paper needed to make the promotional piece. Establishing price points would take about a week and was dependent on manufacturing getting the costs to the strategy group. This was expected a week from today. The purchasing group indicated the paper could be obtained locally the same day it was requested. Based on this information and assuming things go according to plan, when will the art department be able to begin work on the promotional pieces?
A. 1 weekB. 1 monthC. 1 dayD. 2 weeks

Answers

Answer:

A. 1 week

Explanation:

This is true due to the fact that, Cassandra knew it would take about 1 week to establish the price point in the new product which she is planning to launch.

For the extra week it would have taken to get the paper could not hold again due to the fact that, it was already established that, it would take same day to get same paper rather than waiting for the paper to get to the strategy group in one week.

According to the video, what tasks commonly are performed by Cashiers? Check all that apply.

creating advertisements
receiving money
totaling bills
giving receipts
delivering products to customers’ homes
weighing produce and bulk food

Answers

Answer:

receiving money

totaling bills

giving receipts

Explanation:

Cashiers are workers stationed at cash registers. Their role revolves around receiving money, issuing receipts,  and disbursement of correct change as required. Cashiers work in many institutions, especially in the retail industry.

Cashiers' main task is to collect payment from customers. They have to be accurate when issuing receipts and giving back change. Cashiers have to reconcile their register at the end of the day.

Answer:

bcd

Explanation:

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