1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
k0ka [10]
3 years ago
8

Trinity College sold season tickets for the 2019 football season for $400,000. A total of 8 games will be played during Septembe

r, October and November. In September, two games were played. In October, three games were played. What is the balance in Unearned Ticket Revenue as of October 31 (after adjusting entries has been made)?
Business
2 answers:
BabaBlast [244]3 years ago
8 0

Answer:

$150,000

Explanation:

Monthly revenue = Total revenue × (Number of games played in a month ÷ Total number of games expected to be played for the three months)

We can then proceed as follows:

September ticket revenue = $400,000 × (2 ÷ 8) = $100,000

October ticket revenue = $400,000 × (3 ÷ 8) = $150,000

Number of games yet to be played = 8 - 2 - 3 = 3

Unearned Ticket Revenue = Total revenue - September ticket revenue - October ticket revenue = $400,000 - $100,000 - $150,000 = $150,000

Therefore, the balance in Unearned Ticket Revenue as of October 31 (after adjusting entries has been made) is $150,000.

Softa [21]3 years ago
3 0

Answer:

Trinity College sold 8 Games of ticket in $400,000  

Till October 31 the game sorted out = 5 for example (2+3)  

Measure of unmerited income on October 31

Unearned ticket revenue = (Amount received in advance × remaining month) / total month

Unearned ticket revenue = ($400,000 × 3) / 8

Unearned ticket revenue = $150,000

Adjusting Journal entry on October 31:

Debit: Unearned revenue = $250,000

Credit: Revenue = $250,000

(To record transfer of unearned revenue, to revenue account)

You might be interested in
I help back so please help me. also i have uploaded many questions today if you want a lot of points...
7nadin3 [17]
I think the 2nd option is the answer.
6 0
3 years ago
Read 2 more answers
Stark Industries was just rated number one for job satisfaction on a survey compiled by an outside entity. The report cited that
Xelga [282]

Answer:

organizational commitment; perceived stress

Explanation:

Organizational commitment is the psychology of the employee towards his organization. This may be good and bad. If employee is happy with his work environment he will try to give the 100% of his job and its increases his working capacity. Employee think good about his organization and want stick with the organization passionately for a longer time. So they have low level of perceived stress.

According to the analysis, strong organizational commitment and reported low levels of perceived stress is the reason that stark industries was rated number one for job satisfaction.

3 0
3 years ago
Sophia is an architect and she is trying to decide whether to hire Jacob, a draftsman, to assist with her work. Sophia could hir
Brrunno [24]

Answer:

b. Jacob should be hired at the $20 per hour wage rate

<u>Options</u>

a. Sophia should do the drafting work herself because she has the lower opportunity cost

b. Jacob should be hired at the $20 per hour wage rate

c. Sophia should not hire Jacob because it would be faster for her to do the work herself

d. Jacob should be hired, but only if he is paid more than $30 per hour

Explanation:

Sophia cannot fullfil their client request on time without hiring an employee Assuming Jacob is the best possible candidate for Sophie she should consider to hire it as three hours of Jabor will cost 60 dollars while an hour of his work is worth 90 dollars

Thus, making convinient to hire it as there is a profit of 30 dollars.

We should also conider jacob will earn experience over time and this will make it a better employee in the long-run.

4 0
3 years ago
Sara was faced with a decision to complete a skill herself or delegate to a staff member. Watch both examples and think about yo
wariber [46]

Answer:

Complete a skill herself.

7 0
2 years ago
What is a renewal date
Allushta [10]
Full Definition<span> of </span>renewal<span>.
 1 : the act or process of </span>renewing<span> : repetition.
 2 : the quality or state of being </span>renewed<span>.
Hope that this helps you! =)</span>
8 0
3 years ago
Read 2 more answers
Other questions:
  • What is negotiation? A. A discussion in which a sales person demonstrates features of a product B. A discussion in which people
    11·1 answer
  • Upon discovering fraudulent data in a client’s tax return that the client would not correct, a CPA withdraws from the engagement
    14·2 answers
  • Candice’s first job was at the grocery store making deli food. While in culinary school, she worked part time in a restaurant ki
    10·1 answer
  • Hahn Co. prepared financial statements on the cash basis of accounting. The cash basis was modified so that an accrual of income
    15·1 answer
  • After landing an interview with your dream company, you learn that the interview will consist of questions asking you to demonst
    9·1 answer
  • The trial balance of Sheffield Corp. at the end of its fiscal year, August 31, 2020, includes these accounts: Inventory $19,500;
    12·1 answer
  • Johnson Bailey and Kailey Clark's corporation, Bailey-Clark Financial, is branching out into the field of escrow handling. They
    9·1 answer
  • The central bank buys $1,000 of government securities only from commercial banks. The maximum change in excess reserves, banking
    10·1 answer
  • A company uses negotiated transfer prices between divisions. All of the following are advantages for this type of transfer prici
    5·1 answer
  • True or false: unlike the economic system of a country, the legal system is not influenced by the prevailing political system.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!