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uysha [10]
3 years ago
12

Do you agree with the idea of NBA teams requiring fans to place deposits for season tickets for the following year? What about t

he NBA charging higher single-game prices to nonseason ticket holders? Explain your answers.
Business
1 answer:
san4es73 [151]3 years ago
7 0

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

Not really. I do not totally agree with the idea of NBA teams requiring fans to place deposits for season tickets for the following year. The reason is that I think the NBA teams, with the support of the League, are only thinking about their economic interests after the Pandemic.

Something similar happens with the idea of the NBA charging higher single-game prices to nonseason ticket holders. I think that is not fair.

Fans are fans for the love of the game and the passion professed to their teams. They are loyal. They are always supporting the teams. No matter hell or high water. Fans' loyalty is out of the question.

It was not the fault of the fans the way the 2020 season was played. Yes, teams lost money and they are desperate to recover it quickly, but not at the expense of the people's hard-earned money.

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Barry's Sport Shop calls Champs Tee Shirt Company to order 200 designer tee shirts at $2 per shirt. The next day, Barry decides
lara31 [8.8K]

Answer: No.

Explanation: Based on the initial agreement made between Champs Tee shirt company and Barry's sport shop, which was the de sealed for the purchase of 200 shirts at a price of 100. Even though additional demand of 100 t-shirts was made, Champs decided to send 200. Barry will be unable to force Champs to send the additional 100 because the transaction was made and agreed on verbally without any written. or signed document which could be tendered as evidence when trying to force Champs to send the additional 100

8 0
3 years ago
Adcock Company issued $600,000, 9%, 20-year bonds on January 1, 2020, at 103. Interest is payable annually on January 1. Adcock
FromTheMoon [43]

Answer: Please find answers in explanation column.

Explanation:

a. Journal to record The issuance of the bond

Date Account Titles  Debit              Credit  

Jan. 1 Cash               $618,000  

    9%  Bonds payable                             $600,000  

      Premium on Bonds payable             $18,000

Calculation

Cash = 600,000 x 103% =$618,000

   

b. The accrual of interest and the premium amortization on December 31, 2020

Date Account Titles     Debit             Credit  

Dec. 31 Interest expense    $53,100  

Premium on Bonds payable     $900  

       Interest payable                             $54,000

Calculation

Interest = 600,000 x 9% = $54,000

Premium on bonds = 18,000 /20 = $900

Interest expense=$54,000- $900=$53,100

c.Journal to record  The payment of interest on January 1, 2021.     Date Account Titles           Debit       Credit  

Jan. 1 Interest payable        54000  

                    Cash                                     54000  

d) Journal to record The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.  

Date Account Titles and Explanation Debit      Credit  

Jan. 1, 2 Bonds payable                      $600,000  

       Cash                                                            $600,000

5 0
3 years ago
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