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kifflom [539]
3 years ago
13

Fugazi City College sold season tickets for the 2015 football season for $240,000. A total of 8 games will be played during Sept

ember, October and November. In September, two games were played. In October, three games were played. The balance in Unearned Ticket Revenue at October 31 is Group of answer choices
Business
1 answer:
Irina18 [472]3 years ago
4 0

Answer:

$150,000

Explanation:

The computation of the balance in unearned revenue is shown below:

= Total sales revenue for season tickets × remaining games left ÷ total games played

= $240,000 × 5 games ÷ 8 games

= $150,000

The number of remaining games left is

= 2 games played in September + 3 games played in October

= 5 games played

Therefore we apply the above formula

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Please consider the following explanation

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The _ leader is never able to completely turn loose of the decision making authority of the management position.
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3 0
2 years ago
5 An insured’s house is damaged by a fire and is uninhabitable. As a result, the insured has to rent an apartment until repairs
Nata [24]

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Coverage E - Additional Living Expense

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4 0
3 years ago
An investor owns 5,000 shares of IBM stock, $105 per share. He thinks that there is no large rise and possible drop in price. Th
lutik1710 [3]

Answer:

If IBM stock price rises from $105 to $112, the profit associated with the passive strategy is $ 35,000 and the profit associated with the covered call writing strategy is $ 45,000 .

Explanation:

Shares = 5000

Price of shares = $105

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The profit associated with the passive strategy  = $(112 - 105) × 5000

= $ 35,000

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3 years ago
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