Answer:
To maximize revenue based on current capacity, The Stadium Manager should set Premium Price for tickets.
Explanation:
If your aim is to maximize revenue based on the capacity of the stadium, Premium Price is your surest best.
Premium pricing is a type of pricing which involves establishing a price higher than your competitors to achieve a premium positioning.
You will attract the right kind of customers and when you set a premium price, you have raised the bar of expectation from your customers.
This will push the stadium to upgrade their customer service, their operations and delivery.
If this method is carried out properly by establishing club memberships and other marketing incentives, you will retain these premium customers and maximize revenue.
Answer:
The correct answer to the following question is 5%.
Explanation:
Given information -
ABC company purchased equipment which costs - $600,000
Average amount invested in the equipment - $200,000
Equipment expected life - 5 years
Average operating income that company gets from the equipment - $10,000
ARR ( Average annual return ) -
Operating income from equipment / Average amount invested in equipment
= $ 10,000 / $ 200,000 x 100
= 5%
Debit Salaries Expense $960 and credit Salaries Payable $960.
<h3>
What is salary expense?</h3>
- Salaries expense is the fixed pay earned by employees.
- The expense represents the cost of non-hourly labor for a business.
- It is frequently subdivided into a salaries expense account for individual departments, such as: Salaries expense - accounting department. Salaries expense - engineering department.
Salary expense per employee = $240 per day
Number of employees = 2
Salary expense for 2 days = Salary expense per employee * Number of employees * 2 = $240 * 2 * 2 = $960
Now, calculate salary -
Date Account title Debit Credit
Salaries expense $960
Salaries payable $960
(To record salaries expense for 2 days)
Learn more about Salary expense brainly.com/question/27297680
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A - checks and debit cards both withdraw money directly from a bank account
Answer:
b. When there is a lack of importance of the buyer to the supplier group
Explanation:
According to Porter there are five forces that can cause rivalry in a production industry. These are supplier power, threat of new entrants, buyer power, threat of substitutes, and degree of rivalry.
Supplier power is when suppliers are able to benefit from the producers by increasing prices of inputs and gaining some industry profit. Since suppliers supply input and labour to the producer they have a greater control of there is lack of importance of the buyer to the supplier group.
This means that the supplier group has more control on price and quality it supplies to the buyer with buyer having little choice but to buy.
If however buyer is more important to the supplier it means they can control price and quality of inputs