Nickel City Arcade is forecasting its sales for its peak summer season. One important part of the total sales amount is the daily admissions fees. Nickel City has a maximum capacity of 600 people per day. Each person pays an admission fee of $5. Here are the expected usage rates during the months of June, July, and August. June 30 days 50% July 31 days 70% August 31 days 40% What is the total forecasted amount of admissions fees for the months June through August? $161,100 $158,900 $132,700 $147,300

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 14EA: Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is...
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Nickel City Arcade is forecasting its sales for its peak summer season. One important part of the total sales amount is the daily admissions fees. Nickel City has a maximum capacity of 600 people per day. Each person pays an admission fee of $5. Here are the expected usage rates during the months of June, July, and August. June 30 days 50% July 31 days 70% August 31 days 40% What is the total forecasted amount of admissions fees for the months June through August? $161,100 $158,900 $132,700 $147,300

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ISBN:
9781947172609
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OpenStax
Publisher:
OpenStax College