Memorial stadium has traditionally relied exclusively upon 80 baseball games to generate revenue. however, the local baseball team has decided to move to a larger city. it is estimated that profit margin can be maintained or even increased by offering a smaller number of larger events. if the profit margin for a baseball game is $45,000 and the profit margin for an average concert is $175,000, how many concerts would it take to recoup the loss of the baseball games? (round to the nearest whole number.)

Which of the following is the least effective way to reach a potential sales prospect? referral cold call direct mail personal visit

marketing strategies should be established before marketing objectives are decided. t/f

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)