1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kitty [74]
3 years ago
11

A local theater company sells 1,500 season ticket packages at a price of $250 per package. The first show in the 10-show season

starts this week. (a) The sale of the season tickets before the first show. (b) The revenue from fulfilling the performance obligation by putting on the first show.
Business
1 answer:
swat323 years ago
4 0

Answer:

Dr cash    $375,000

Cr unearned revenue      $375,000

Dr unearned revenue     $37,500

Cr revenue                                    $37,500

Explanation:

The total amount realized from the sale of tickets is  $375,000($250*1500)

However,the cash proceeds should be debited to cash while it is also credited to unearned revenue

The revenue from fulfilling the performance obligation=1/10*$375,000=$37,500

The $37,500 is debited to unearned revenue and credited to sales revenue as that amount has now been earned

You might be interested in
Market intelligence research defines the____ and_____ of a market.
BartSMP [9]

Answer:

dja-xizd-mku G meet code

7 0
3 years ago
Read 2 more answers
What is a commission?​
Liula [17]

Answer: an instruction, command, or duty given to a person or group of people.

Explanation:

an instruction, command, or duty given to a person or group of people.

7 0
4 years ago
___________ is a collection of materials and products of value that a company purchases to either create or provide a product or
hodyreva [135]

Answer: A. Inventory

Explanation: I took the test

7 0
3 years ago
Efforts to recruit members of subordinate groups for jobs, promotions, or educational opportunities are called
Archy [21]
In order to help the student expand his/her knowledge I will help answer the question. This in hope that the student will get a piece of knowledge that will help him/her through his/her homework or future tests.

The efforts to recruit members of subordinate groups for jobs, promotions, or educational opportunities are called affirmative action. The correct choice is letter

b. affirmative action

I hope it helps, Regards.     <span> </span>
3 0
4 years ago
In January 2020, Sunland Company, a newly formed company, issued 10300 shares of its $8 par common stock for $13 per share. On J
balu736 [363]

Answer:

The correct option is the acquisition of these treasury shares decreased total stockholders' equity.

Explanation:

Initially the total stockholders' equity is $133,900 ($13*10,300) which comprised of $82,400  common stock ($8*10,300) $51,500 paid in capital in capital in excess of par value.

By repurchasing 1,030 treasury stock at $10,the total stockholders' equity decrease by $10,300,which leaves a balance of $123,600 ($133,900-$10,300).

In other words,the first option is the correct choice of answer

4 0
3 years ago
Other questions:
  • Which of the following best describes the consideration on the part of an insurer?
    9·1 answer
  • In a relationship between an employee and supervisor, who must do most of the adjusting? A. Both must adjust equally. B. Neither
    11·1 answer
  • Schager Company purchased a computer system at a cost of $40,000. The estimated useful life is 10 years, and the estimated resid
    7·1 answer
  • Consider a competitive market for which the quantities demanded and supplied (per year) at various prices are given as follows:
    5·1 answer
  • Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hou
    14·1 answer
  • Sarah’s Organic Soap Company makes organic liquid soap. One of the raw materials for her soaps is organic palm oil. She needs 90
    8·1 answer
  • Uneven distribution of natural resources often leads to countries trading with one another, explain how
    6·1 answer
  • Please help me with is intro lab​
    8·1 answer
  • Your email campaign has an open-rate of 9.6%, you emailed 25,000 people. How many people opened your email?
    14·1 answer
  • Which of the following is true about firms exiting the competitive market for soybeans
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!