A 3 hour televised football game boils down to 10 minutes and 43 seconds of actual playing time. What other activities take place during a televised football game? Of all the activities, which are value-added and which are non-value added?
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A 3 hour televised football game boils down to 10 minutes and 43 seconds of actual playing time. What other activities take place during a televised football game? Of all the activities, which are value-added and which are non-value added?
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- On March 17, Advanced Technologies developed a patent related to laser surgery techniques. They spent $1,200,000 to develop the patent internally, consisting of personnel ($800,000), equipment ($300,000), and materials ($100,000). The company also had the following additional costs: $20,000 in legal fees associated with the purchase and filing of the patent, $35,000 to advertise its new laser surgery techniques, and $45,000 to train employees. What is the recorded cost of the patent?A truck working in an open pit mine for 500 hours during a month was under repair for 80 hours and on standby for 200 hours. What is the effective utilization of the truck?Named in honor of the late Dr. F. C. “Phog” Allen, the Kansas Jayhawks’ head coach for 39 years, Allen Fieldhouse is labeled by many as one of the best places in America to watch a college basketball game. Allen Fieldhouse has a seating capacity of 16,300. Assume the basketball arena sells out all 16 home games before the season begins, and the athletic department collects $9,128,000 in ticket sales. Required: 1. What is the average price per season ticket and average price per individual game ticket sold? 2. Record the advance collection of $9,128,000 in ticket sales. 3. Record the revenue recognized after the first home game is completed.
- The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity of 114,000 fans. Assume the stadium sells out all six home games before the season begins, and the athletic department collects $102.6 million in ticket sales.The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity of 114,000 fans. Assume the stadium sells out all six home games before the season begins, and the athletic department collects $102.6 million in ticket sales. Required: 1. What is the average price per season ticket and average price per individual game ticket sold? 2. Record the advance collection of $102.6 million in ticket sales. 3. Record the revenue recognized after the first home game is completed.ESPN and Fox Sports spent $4,200,000 on a promotional campaign for ESPN.com website that offeredtwo free months of service for new subscribers. In addition, assume the following information:Number of months an average new customer stays with the service (including the two free months): 14monthsRevenue per month per customer subscription : $10.00Variable cost per month per customer subscription : $5.00Determine the number of new customer accounts to break even the cost of promotional campaign.Treat the campaign cost as fixed and revenue less variable cost per account period as the unitcontribution margin.
- ABC Company manufactures boats. During September, 2020, the company purchased 100 cellular phones at a cost of P100 each. Isaac withdrew 70 phones from the warehouse during the month. Twenty of these phones were installed in salespersons’ cars and the remaining 50 phones were put in boats manufactured during the month. Of the boats put into production during September, 2020, 80% were completed and transferred to the company's storage lot. Fifty percent of the boats completed during the month were sold by September 30. COMPUTE FOR THE: 1. cost of goods sold 2.COMPUTE THE SELLING EXPENSES 3. COMPUTE HOW MUCH IS THE FINISHED GOODS INVENTORY OF CELLULAR PHONES 4. COMPUTE HOW MUCH IS THE WORK IN PROCESS INVENTORY OF CELLULAR PHONES 5. COMPUTE HOW MUCH IS THE RAW MATERIALS INVENTORY OF CELLULAR PHONESAbout 1000 vehicles per day are delayed by trains at the grade crossing. Trucks represent 35%, and 65% are other vehicles. Time for truck drivers is valued at $25 per hour and for other drivers at $8 per hour. Average time saving per vehicle will be 2 minutes if the overpass is built. No time saving occurs for the railroad. The railroad spends $80,000 annually for crossing guards. During the preceding 10-year period, the railroad has paid out $1.5 million in settling lawsuits and accident cases related to the grade crossing. The proposed project will entirely eliminate both these expenses. The state estimates that the new overpass will save it about $12,000 per year in expenses directly due to the accidents. The overpass, if built, will belong to the state. Should the overpass be built? If the overpass is built, how much should the railroad be asked to contribute to the state as its share of the $5.5 million construction cost?An industrial company has (20) machines, and every malfunction that costs the company 180 dinars to be repaired includes repair costs and maintenance services. In addition to (0.10) of the working time for each working day, noting that each delay for one working day costs the company (8000) dinars, and the company responsible for the preventive maintenance program provided it after the daily working hours at a cost of (300) dinars per machine, and thus loss can be avoided. The working day, and the holidays possibilities have been estimated as shown in the following table: Required: 1- Calculating the cost of repairing the malfunction during work (remedial maintenance) 2- Calculating the cost of a preventive maintenance policy or program if it is followed every month, and if it is followed every three months. 3- Determine what is best for the company? Do you choose a curative maintenance policy or preventive maintenance? By the body in charge of this?…
- An activity originally estimated to cost $100,000 and require 30 weeks to complete. Now the activity is on week 10 and $35,000 were spent and is 40% completed. What is the ACWP for this activity?Karl has been hired to install a new air conditioning system in a building. The total cost of the project is $14,000. Karl charges $1,500 for labor plus 1/6 of the cost of the equipment and supplies. If Karl's expenses for the equipment and supplies are $4,000 more than his estimate, how much did the equipment and supplies cost? MmhnmkuuhbjjThe Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event: Dinner (per person) $ 30 Favors and program (per person) $ 3 Band $ 1,260 Rental of ballroom $ 630 Professional entertainment during intermission $ 1,260 Tickets and advertising $ 3,150 The committee members would like to charge $54 per person for the evening’s activities. Required: 1. What is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. Assume that last year only 200 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even? (Round your answer to the nearest whole dollar amount.)