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bekas [8.4K]
3 years ago
13

Tickets Now contracts with the producer of Riverdance to sell tickets online. Tickets Now charges each customer a fee of $4 per

ticket and receives $10 per ticket from the producer. Tickets Now does not take control of the ticket inventory. Average ticket price for the event is $150. How much revenue should Tickets Now recognize for each Riverdance ticket sold?
Business
1 answer:
gogolik [260]3 years ago
4 0

Answer:

$14

Explanation:

Fee from customers = $4

Fee from producer = $10

Total Fee income received = 10+4 = $14

$14 should be recognized as income for each Riverdance ticket sold.

Ticket Now has sold the ticket (which is assumed to be nonrefundable) and it has performed what is required (to sale the tickets), so recognize the revenue of $14.

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Jason Day Company had bonds outstanding with a maturity value of $300,000. On April 30, 2020, when these bonds had an unamortize
Andru [333]

Answer: Loss of $22,000

Explanation:

Gain (loss) = Net Carrying Value of Bonds recalled - Price bond called at

Net Carrying Value of Bonds

= Par value - Unamortized discount

= 300,000 - 10,000

= $290,000

Gain (loss) = 290,000 - (300,000 * 104)

= ($22,000)

8 0
4 years ago
calculate the unadjusted rate of return for an investment that has a net cost of $430,000 and should provide an average after-ta
Elden [556K]

9%, as the unadjusted rate of return is equal to the average yearly net income growth rate divided by the initial investment's net cost.

<h3>Calculation:</h3>

$40,090 divided by $430,00 is.093 * 100, or 9%.

<h3>If the needed rate of return is 6%, what is the present value of a cash inflow of $2,000 five years from now? Examine later?</h3>

$2600 will be given to the recipient after five years.

<h3>If the internal rate of return is 5% and the desired rate of return is 6%, should management accept the investment opportunity?</h3>

No, as the internal rate of return on the investment is lower than the intended rate of return.

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3 0
1 year ago
Choose a topic related to a career that interests you and think about how you would research that topic on the Internet. Set a t
I am Lyosha [343]

Answer:

Explanation:

Topic chosen is - HR manager, this position interest me because it would help to improve my managerial skills, it will as well help me to know other people and how to handle and understand them.

For this position, i went online for 15 min. collected information on job site like linkedin , monster, indeed, glassdoor etc. to gather as much information as possible.

From Linkedin i get to know the avg salary of HR manager is about $100,600 per annum.

From Indeed i was able get recent information of a job position vacancy for HR evecutive position in Tech company.

I wsa able to gather that HR manager position is for experienced person at least 3 years of experience and required many skills like planning, analytical, communication, technical skills. etc.

Within 15 mins of my research i had clear mind about my interest in HR and i gather information as where to start my my career

3 0
3 years ago
Keenan owns a retail store. He often receives payments from some of his manufacturers to ensure their products are placed in the
Serjik [45]

Answer: Slotting allowances

Explanation:

 The slotting allowances is the term which is used to charge by the manufacturers for the specific products and the services ion the market. It is also known as the slotting fee and the charged allowances is specifically varies or depend upon the specific products and the different marketing conditions.

According to the given question, the slotting allowances is refers as the payment that is made by the producers for ensuring their goods and the services best place.  

 Therefore, Slotting allowances is the correct answer.          

3 0
3 years ago
Your boss, Kerry Miller, has asked you to analyze the soft drink industry using Porter's five forces model. Which of the followi
IgorC [24]

Answer:<em> Option (A) is correct.</em>

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4 0
3 years ago
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