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3 years ago

Bramble University sells 6,500 season basketball tickets at $40 each for its 13-game home schedule.

Business

1 answer:

Mkey [24]3 years ago

5 0

Answer:

a. The entry to record the sale of the season tickets would be as follows:

Debit Credit

cash $260,000

Unearned ticket revenue $260,000

b. The entry to record the revenue recognized after playing the first game would be as follows:

Debit Credit

Unearned ticket revenue $20,000

Ticket revenue $20,000

Explanation:

a. In order to Give the entry to record the sale of the season tickets we would have to make the following calculation:

Cash=6,500*$40

Cash=$260,000

Therefore, entry would be as follows:

Debit Credit

cash $260,000

Unearned ticket revenue $260,000

b. In order to Give the entry to record the revenue recognized after playing the first game we would have to make the following calculation:

unearned ticket revenue=$260,000/13

unearned ticket revenue=$20,000

Therefore, entry would be as follows:

Debit Credit

Unearned ticket revenue $20,000

Ticket revenue $20,000

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The highest value of total cost was $ 710 comma 000 in June for Horchata Beverages, Inc. Its lowest value of total cost was $ 5

marta [7]

Answer:

A. $ 450 comma 000

Explanation:

In order to compute the fixed cost per month first we have to determine the variable cost per unit which is shown below.

Variable cost per hour = (High total cost - low total cost) ÷ (High production volume - low production volume)

= ($710,000 - $550,000) ÷ (13,000 units - 5,000 units )

= $160,000 ÷ 8,000 units

= $20

Now the fixed cost equal to

= High total cost - (High production volume × Variable cost per unit)

= $710,000 - (13,000 units × $20)

= $710,000 - $260,000

= $450,000

We simply applied the above formula

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3 years ago

Assume real per capita GDP in West Swimsuit is $10,000 while in East Quippanova it is $2,500. The annual growth rate in West Swi

Alex787 [66]

Answer:

correct option is B. about 30 years

Explanation:

given data

real per capita GDP west = $10,000

annual growth rate = 2.33%

real per capita GDP east = $2,500

annual growth rate = 7%

to find out

How many years will it take for East to catch up GDP of West

solution

we know here that future value is equal to real GDP of west after time will be

future value = real per capita GDP west × $rate^{t}$

future value = 10000 × $(1+0.0233)^{t}$ .....1

and

future value = real per capita GDP east × $rate^{t}$

future value = 2500 × $(1+0.07)^{t}$ .....2

compare equation 1 and 2

10000 × $(1+0.0233)^{t}$ = 2500 × $(1+0.07)^{t}$

4 $(1.0233)^{t}$ = $(1.07)^{t}$

t = about 30 years

so correct option is B. about 30 years

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2 years ago

Piedmont Hotels is an all-equity firm with 48,000 shares of stock outstanding. The stock has a beta of 1.19 and a standard devia

user100 [1]

Answer:

The firm set as the required rate of return for the project is 14.732%

Explanation:

For computing the required rate of return, the following formula should be used which is shown below:

= Risk free rate of return + (Beta × market risk premium) + adjustment

where,

Risk free rate of return is 4.1%

Beta is 1.19

Market risk premium is 7.8%

Adjustment is 1.35%

Now put these values to the above formula

So, the value wold be equal to

= 4.1% + (1.19 × 7.8%)+ 1.35%

= 4.1% + 9.28% + 1.35%

= 14.732%

The standard deviation is irrelevant. Therefore, it is not considered in the computation part.

Hence, the firm set as the required rate of return for the project is 14.732%

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