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aliya0001 [1]
3 years ago
11

"A theater sells a subscription series that allows patrons to attend all 8 of its productions that occur monthly from October th

rough May. During August and September, the theater sold 1,000 subscriptions for the 2010-2011 season at $ 80 each and collected cash. How much revenue from these subscriptions should the theater recognize in its financial statements for the year ended December 31, 2010?"
Business
1 answer:
Troyanec [42]3 years ago
4 0

Answer:

$30,000

Explanation:

Total cash collected = 1,000 * $80 = $80,000

Revenue to recognize for 3 months (October through December) = Total cash collected * (3 / 8) = $80,000 * (3 / 8) = $80,000 * 0.3750 = $30,000.

Therefore, the theater should recognize $30,000 revenue from these subscriptions in its financial statements for the year ended December 31, 2010.

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price level to Suppose the central bank in the nation of Zook attempts to pay off its national debt by printing large amounts of
katen-ka-za [31]

Answer:

87.50%

Explanation:

The calculation of value of Zook's currency will decrease in percentage is shown below:-

For computing the Percentage decrease first we need to find out the value of money which is shown below:-

Value of money = 1 ÷ Price level

= 1 ÷ 8.00

= 0.125

Percentage decrease = (Value of money - 1) ÷ 1 × 100%

= (0.125 - 1) ÷ 1 × 100%

= -0.875 ÷ 1 × 100%

= 87.50%

5 0
2 years ago
The General Chemical Company uses 150,000 gallons of hydrochloric acid per month. The cost of carrying the chemical in inventory
galina1969 [7]

Answer:

ROQ will be 32863 gallons

So option (a) will be the correct answer

Explanation:

We have given that company uses 150000 gallons of hydrochloric acid per month

Ordering cost = $150

And the holding cost = $0.5

We know that 1 year = 12 month

So annual demand = 12 ×150000 = 1800000

We have to fond the economic order quantity EOQ

We know that EOQ is give by

EOQ=\frac{2\times annual\ demand\ \times ordering\ cost}{holding\ cost}=\frac{2\times 1800000\times 150}{0.5}=32863.35=3286gallons

So option (a) will be correct answer

8 0
3 years ago
Caroline's Jewelry and Gifts is located between a hardware store and a sports bar. While her target market is adult women of med
zhannawk [14.2K]
I would say A: Men who want to buy gifts. 
5 0
3 years ago
Read 2 more answers
Computer game companies constantly monitor computer game-related blogs keeping track of the latest hot products, because they kn
Yuki888 [10]

Answer:

The correct answer is option a) keeping up in a market where sales come mostly from new products.

Explanation:

Since computer gaming is an ever evolving field where the gamer are always on the look out for new games to indulge in. Computer gaming companies keep a close eye on the changing trends so they can instantly replicate them and enter the trending high sales market.

This is a market  that earns through keeping up with a market where sales and earning profit is dependent on new products.

5 0
3 years ago
The gross domestic product (GDP) of the United States is defined as the (wholesale cost of/market value of/cost of producing) al
Stella [2.4K]

Answer:

The correct answer is: market value of; final goods and services produced; within the US.

b. Excluded

Explanation:

The GDP of the US is a tool to measure the amount of final goods and services produced within the geographical boundaries of the US in a given period.  

In the given example, the wood produced is an intermediate good. It is not a final good as it is used for further production of a house. Since it is not final good it will not be included in the GDP. So this production will not cause any change in GDP.

5 0
3 years ago
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