Inox Star Theater records daily ticket categories. Matinee shows: adult tickets 85 at 812 each, child tickets 45 at 88 each, senior tickets 35 at $10 each. Find the ticket revenue.
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- Ticket Revenue for this general accounting QuestionFind out what is the total ticket revenueA local theater company sells 1,500 season ticket packages at a price of $250 per package. The firstshow in the ten-show season starts this week. Show the accounting equation effects and prepare thejournal entries related to ( a ) the sale of the season tickets before the first show and ( b ) the revenueearned after putting on the first show.
- ??answerKirkland Theater sells season tickets for six events priced at a price $378. For the 2013 season, 1,200 season tickets were sold. a. Use the horizontal model to show the effect of the sale of the season tickets. b. Use the horizontal model to show the effect of presenting an event. c. Where on the balance sheet would the account balance representing funds received for performances not yet presented be classified?
- Can you assist please The BEV Toy Shop purchased 50 wagons at $45 per wagon less a 40% trade discount on May 8. The invoice had terms of 3/10, 2/20, N/30. On May 18, the shop sent a check for an amount that gave it a credit for ½ the balance due. On May 31, the remaining balance was paid. The shop expects a profit of 30% of cost and 15% of cost for operating expenses. From May until the end of September, the shop sold 40 wagons at its regular markup. From September through December, the remaining wagons were sold with a 35% markdown price. It is your task to determine the following, remembering to show and label all calculations: The regular list price per wagon rounded to the nearest cent. The reduced list price per wagon rounded to the nearest cent. The total revenue received from the sale of all wagons. thanksDerby university sells 5900 season basketball tickets at $280 each for its 14 game home schedule. Give the entry to record the sale of the season tickets and b) the revenue recognized by playing the first home game.Swifty University sells 4,100 season basketball tickets at $240 each for its 15-game home schedule. Give the entry to record (a) the sale of the season tickets and (b) the revenue recognized by playing the first home game.
- Give the Earned CommissionPresent the total concession revenue.Allocating Transaction Price to Performance Obligations and Recording Sales Maximum Inc. (retailer) has a loyalty program that rewards its customers one point per $1 spent. Points are redeemable for $0.20 off future purchases. A customer purchases products (cost of $280) for cash at the usual selling price of $400 and earns 400 points redeemable for $80 off future purchases of goods or services. The retailer expects redemption of 360 points or 90% of points earned. a. How should the transaction price be allocated among the performance obligation(s)?Note: Round each allocated transaction price in the table below to the nearest dollar. Performance Obligations TransactionPriceas Stated StandaloneSellingPrice AllocatedTransaction Price(rounded) Product purchase Answer Answer Answer Loyalty rewards Answer Answer Answer Answer Answer Answer b. Prepare Maximum’s journal entry to record the $400 sale to the customer where the customer earned 400…