Previous Year Current Year Revenues: Admissions $100,694 $100,798 Event-related revenue 146,980 146,849 NASCAR broadcasting revenue 217,469 207,369 Other operating revenue Total revenues 31,320 29,293 $496,463 $484,309 Expenses and other: Direct expense of events NASCAR event management fees Other direct operating expenses $104,303 $102,196 133,682 128,254 19,541 18,513 General and administrative 177,926 194,120 Total expenses and other Income from continuing operations $435,452 $443,083 $ 61,011 $ 41,226
Previous Year Current Year Revenues: Admissions $100,694 $100,798 Event-related revenue 146,980 146,849 NASCAR broadcasting revenue 217,469 207,369 Other operating revenue Total revenues 31,320 29,293 $496,463 $484,309 Expenses and other: Direct expense of events NASCAR event management fees Other direct operating expenses $104,303 $102,196 133,682 128,254 19,541 18,513 General and administrative 177,926 194,120 Total expenses and other Income from continuing operations $435,452 $443,083 $ 61,011 $ 41,226
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 14.9E: Profit center responsibility reporting On-Demand Sports Co. operates two divisions—the Action Sports...
Related questions
Question
The following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of Speedway Motorsports, Inc., owner and operator of several major motor speedways, such as the Atlanta, Texas, and Las Vegas Motor Speedways.
Please see the attachment for details:
a. Prepare a comparative income statement for these two years in vertical form, stating each item as a percent of revenues. Round percentages to one decimal place.
b. Comment on the significant changes.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Expert Answers to Latest Homework Questions
Q: A trapezoid has sides 8 cm, 11 cm, and 10 cm. The side with the right angle is 10 cm so I know this…
Q: provide detailed solution..
Q: 7. A 75 kg astronaut orbits the moon at a distance of 7.0 x 106
m from its center.
(Mass of moon =…
Q: Using the law of sines, can you find a triangle with one obtuse angle if angle(A)=48 degrees, side…
Q: I need help answer the following questions
As an HR professional, how would I go about using a more…
Q: Jurvin Enterprises is a manufacturing company that had no beginning Inventories. A subset of the…
Q: Based on the following personality traits, what traits make a strong leader and how can this connect…
Q: Part A
Two vectors A and B are at right angles to each
other. The magnitude of A is 5.00.
What…
Q: Annotate or explain this figure in detail. Remember to first describe the figure as if you are…
Q: Find the curl of the vector field =
curl F =
7+
2 +
+
רין
12
Q: Question 12: Derive the model for the circuit seen in Figure 5.
Optional: Create a Simscape model…
Q: If one of the arguments of the OR function is TRUE, the outcome is ______.
Select one:
a.
False…
Q: The _____ function calculates the current date only.
Select one:
a.
NOW
b.
CURRENT
c.…
Q: EM Waves
Problem 11: The electric field in an electromagnetic wave is in the y-direction and…
Q: EM Waves
Problem 4: Radio waves travel through air at approximately the speed of light, c. Imagine…
Q: Download the file interceptor.ipynb. Instructions how to download notebook files are posted here.…
Q: step by step calculations with clear explanations please
Q: step by step calculations please
Q: step by step calculations please
Q: step by step calculations please
Q: step by step calculations with clear explainations please