Jackie thomas has been elected to handle the local

Assignment Help Accounting Basics
Reference no: EM13597602

Jackie Thomas has been elected to handle the local basketball game. The game is put on by a nonprofit organization that organizes games in the area. The organization puts on three different games each year - one in May, one in August and one in September. The games run for 4 weeks each. Jackie is trying to determine whether she should schedule two or three games/week for May's games. She has developed the following cost estimates associated with the games:

• Cost of printing notices will be a $20 set up fee plus $.25 per notice
• Postage to mail notices will be $.30 each.
• Cost of printing posters is $250 for a minimum purchase of 70 posters which is all that is needed.
• Cost of building the stands will be $1,215 per season.
• Cost of printing 100-500 programs will be $100; 500 to 1,000 programs will be $200 and 1,000 to 2,000 will be $400.
• Cost of security will be $99 per night plus $25 per hour; two hours will be needed each night.
• Cost of food to be served at halftime - one pound serves 10 people. The cost is $12/pound.
•The court stands can hold 150 people per game. The cost of readying and operating the stands is $200/ night if the attendance is 100 people or less. The cost rises to $425/night if attendance is more than 100 people since additional seating must be set up.
• One of the members owns the basketball court and rents it to the organization for $50 per week plus $1 per ticket sold.
• Each member attending receives a drink. The cost averages $2/person.

The organization has 1,400 members who provide continuing support for the organization through a small membership fee. All members receive a notice of the games and receive priority in buying tickets. After a specific deadline the tickets are made available to the general public. Ordinarily, about 960 of the members attend the summer game. The games are played from 8 to 11 p.m..

1.Indicate the type of behavior exhibited by the above cost items.

a.Use number of members attending as the activity base.

b.Use number of nights of games as the activity base.

Reference no: EM13597602

Questions Cloud

Given the present condition of sticky company should the : the sticky company makes a glue that is used to glue the layers of wood veneer together to make plywood. the process
Company x purchases all its required inventory exactly 1 : company x purchases all its required inventory exactly 1 quarter prior to the quarter of sale. the cost of inventory is
The company determines 8of the ending accounts receivable : the company uses the aging method to estimate uncollectible accounts.the company determines 8of the ending accounts
This year the cost of wood framing materials is expected to : prefabricated houses are the specialty of affordable homes inc. of corsicana texas. although affordable homes produces
Jackie thomas has been elected to handle the local : jackie thomas has been elected to handle the local basketball game. the game is put on by a nonprofit organization that
At july 31 kuhlmann company has the following bank : at july 31 kuhlmann company has the following bank information cash balance per bank 8042 outstanding checks 785
What potential problems can arise if a company incorrectly : what potential problems can arise if a company incorrectly classifies costs? example what if an inventoriable cost is
On january 1 2009 plymouth corporation acpuired 80 of the : on january 1 2009 plymouth corporation acpuired 80 of the outstanding voting stock of sander company in exchange for
Sold a used machine for 18000 in cash the machine : transaction analysis-various accounts prepare an answer sheet with the following column headings. for each of the

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Fresh baked cookie company sells cookies in a large

fresh baked cookie company sells cookies in a large shopping mall. the following multiple-step income statement was

  Money market hedge

Explain the steps to take for a money market hedge. You need to describe clearly the amounts which are related to the actions to take.

  Use the information in the following table to successfully

use the information in the following table to successfully fulfill requirement one listed below. acquisitions of

  Compute the following cash collection cost recovery gross

ajax company appropriately accounts for certain sales using the installment sales method. the perpetual inventory

  What is the price of a perpetuity

What is the price of a perpetuity that has a coupon of $50 per year and a yield to maturity of 2.5%? If the yield to maturity doubles, what will happen to its price?

  Larry james is planning to invest 25200 today in a mutual

larry james is planning to invest 25200 today in a mutual fund that will provide a return of 0.09 each year. what will

  Face value of one bond

Capius Corporation issued 2000 bonds in $1000 individual denominations. Each bond has twenty detachable warrants. The bonds and warrants were sold at 110. At the time the bond were issued each warrant had a market value to one percent of the face ..

  In 2002 roland who is single purchased a personal residence

in 2002 roland who is single purchased a personal residence for 340000 and took out a mortgage of 200000 on the

  Discuss the compensation packages for accounting

discuss the compensation packages for accounting professionals. is the compensation commensurate with the

  Expenditure for carolina mills during the year

Carolina Mills purchased $280,000 in supplies this year. The supplies account increased by $30,000 during the year to an ending balance of $71,000. What was supplies expense for Carolina Mills during the year?

  Zorn conducted his professional practice through zorn inc

zorn conducted his professional practice through zorn inc. the corporation uses a fiscal year ending september 30 even

  Ben corp grants its customers 30 dyas credit the company

ben corp grants its customers 30 dyas credit. the company uses the allowance methods for its uncollectible accounts

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd