a. | ||
Particulars | Amount ($) | |
Net Income for 2015 | 7300000 | |
-Gain on sale of Baseball team | -4700000 | |
Net Income if it had not sold baseball team | 2600000 | |
b. | ||
Particulars | Amount ($) | |
Expected profit from newspaper business | 4815000 | =4500000*(1+7%) |
-Expected operating loss on baseball team | -2000000 | |
Expected Net Income of 2016 | 2815000 | |
c. | ||
Particulars | Amount ($) | |
Expected profit from newspaper business | 4815000 | =4500000*(1+7%) |
Expected Net Income of 2016 | 4815000 | |
d. | ||
Net Revenue from newspaper business (a) | 41000000 | |
Operating loss on baseball team (b) | 1300000 | |
Operating Expenses on baseball team (c ) | 32200000 | |
Net Revenue from basball team (d=c-b) | 30900000 | |
Net Revenue of 2015 (a+d) | 71900000 |
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