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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

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<h3>What does the term "monetary" mean? </h3>

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<h3>Does monetary refer to money? </h3>

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11 months ago
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vova2212 [387]

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<u>Image differentiation</u> is a type of differentiation strategy used by business firms to differentiate their products through communications.

By using communication strategies such as written, audio, digital, advertisement, or images to differentiate between various products or from existing products, this is an example of <u>image differentiation</u>.

Thus, when Next Up Computers only changes the cover designs alone, that is a form of <u>image differentiation</u>.

This is type of differentiation is often referred to as Reputation Differentiation.

Other types of differentiation methods include the following:

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6 0
3 years ago
Anne LLC purchased computer equipment (five-year property) on August 29 for $30,000 and used the half-year convention to depreci
notsponge [240]

Answer:

$1,728

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To reach maximum depreciation expense we simply first compute the depreciation which is shown below:-

Depreciation = Purchased computer × Depreciation Rate

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Answer: $45,600

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