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Lemur [1.5K]
3 years ago
13

Fugazi City College sold season tickets for the 2013 football season for $200,000. A total of 8 games will be played during Sept

ember, October and November. In September, three games were played. The adjusting journal entry at September 30:a. will include a debit to Ticket Revenue and a credit to Unearned Ticket Revenue for $80,000.b. is not required. No adjusting entries will be made until the end of the season in November.c. will include a debit to Cash and a credit to Ticket Revenue for $60,000.d. will include a debit to Unearned Ticket Revenue and a credit to Ticket Revenue for $90,000.
Business
1 answer:
Igoryamba3 years ago
3 0

Explanation:

The adjusting journal entry is presented below:

On  September 30

Unearned ticket revenue A/c Dr $75,000

        To Ticket revenue A/c $75,000

(Being the unearned ticked revenue is recorded)

The computation is shown below:

= Season tickets sale value × number of games ÷ given number of gains

= $200,000 × 3 games  ÷ 8 games

= $75,000

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Crimson Corp. has a component that is a discontinued operation. The component incurred a loss from operations of $40,000. The co
zavuch27 [327]

Answer:

$60,000 income tax benefit

Explanation:

Since Crimson Corp. had a loss from operations and sold the asset for a loss we know that they lost money with the asset and an income tax benefit was generated. To calculate the income tax benefit we need to add both losses: $40,000 (operation) + $160,000 (sale) = $200,000 in total losses.

$200,000 x 30% = $60,000 income tax benefit

6 0
3 years ago
Bond co. is using the target cost approach on a new product. information gathered so far reveals: expected annual sales 400,000
Bezzdna [24]

<span>The target selling price per unit is $0.77, According the accounting books I have search,using this solution: ($168,000 divided by 400,000) + $0.35= $0.77.Target costing is an approach in most company to know a product’s life cycle cost in which it is sufficient to develop specified functionality and quality.</span>

5 0
2 years ago
The property of water that produces water's surface tension is called ______, which is the tendency of water molecules to stick
fgiga [73]

The property of water that produces water's surface tension is called <u>cohesion</u>, which is the tendency of water molecules to stick together.

More about surface tension:

The force per unit length that must be supplied parallel to the surface in order to balance the net inward pull is known as the surface's "tension."

All nearby molecules in a liquid share the cohesive forces that hold them together. Because they don't have any above-surface neighbours, molecules on the surface exert stronger attractive forces on their closest neighbours below and on the surface.

Due to the cohesive structure of the water molecules, surface tension can be described as the characteristic of a liquid's surface that permits it to resist an external force.

Learn more about surface tension here:

brainly.com/question/11348644

#SPJ4

4 0
1 year ago
A certain business produced x rakes each month form November through February and shipped x/2 rakes at the beginning of each mon
Natasha_Volkova [10]

Answer:

C. 1.40x

Explanation:

1. Production:

November through February: x rakes/month* 4 months = 4x rakes.

2. Shipping and storage costs

March= 4x (initial stock) - x/2 (shipped) = 3.5 x (in stock) * 0.1$ = $0.35

April = 3.5x (stock at end of March) - x/2 (shipped) = 3x*0.1$ =  $0.30

May = 3x (stock at the end of April) - x/2 (shipped) = 2.5x*0.1$ = $0.25

June= 2.5x (stock at the end of May) - x/2 (shipped) = 2x (in stock) * $0.1 = 0.2$

July = 2x (stock at end of June) - x/2 (shipped) = 1.5x*0.1$ =  $0.15

August = 1.5x (stock at the end of July) - x/2 (shipped) = 1x*0.1$ = $0.1

Sept= 1x (stock at the end of August.) - x/2 (shipped) = 0.5 x  (in stock) * $0.1 = $0.05

October = 0.5x (stock at end of sept.) - x/2 (shipped) = 0*$0.1 =  $0

Total storage cost= $0.35x+$0.30x+$0.25x+$0.20x+$0.15x+$0.10x+$0.05x+$0x

Total storage cost = $1.40X

5 0
2 years ago
explain why you think you would prefer to rent or buy? When you think about being 22 years old, do you think your answer will be
alekssr [168]

Answer:Being 22 I would not buy as i would trust my judgment skills on where the market is, and  don't think I'd have an extra $300k sitting around to buy a house. So rent is the large solution for that. I will have my house provided by the Gov. (joining the marines)

Explanation:

5 0
2 years ago
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