Answer:
d. will include a debit to Unearned Ticket Revenue and a credit to Ticket Revenue for $90,000.
Explanation:
For tickets sold in advance, revenue is not recognized on those tickets until the matches have been played. As such, when payment was received for the tickets, the required entries were Debit Cash account and credit Deferred or unearned revenue.
When the matches are played, revenue is proportionately earned and recorded by crediting revenue and debiting deferred or unearned revenue.
For the 3 games played in September, revenue earned
= 3/8 × $240,000
= $90,000
Answer:
<h3>A target market is the set of consumers that a company plans to sell to or reach with marketing activities. A target audience is the group or segment within that target market that is being served advertisements.</h3>
<h2>hope it helps.</h2><h2>stay safe healthy and happy...</h2>
Answer:
The COGS for the June 1st sale is $17 per unit, and the COGS for the August 27th sale is $20 per unit.
Explanation:
<u>Date</u> <u>Number of units</u> <u>Unit balance</u> <u>Unit cost</u> <u>Average cost</u>
May 7 40 40 $17 $17
June 1 (20) 20 $17
July 28 30 50 $22 $20
August 27 (30) 20 $20
The average COGS after the purchase on July 28 = [(20 x $17) + (30 x $22)] / 50 = ($340 + $660) / 50 = $20
The question is B, or what, how, or for whom.
