Fox co. is considering an investment that will have the following sales, variable costs, and fixed operating costs:

year 1 year 2 year 3 year 4
unit sales 3,000 3,250 3,300 3,400
sales price $17.25 $17.33 $17.45 $18.24
variable cost per unit $8.88 $8.92 $9.03 $9.06
fixed operating costs except depreciation $12,500 $13,000 $13,220 $13,250
accelerated depreciation rate 33% 45% 15% 7%

The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be:

Retail industry fundamentals credential exam,part 1 all answers

Alpine west, inc., operates a downhill ski area near lake tahoe, california. an all-day, adult ticket can be purchased for $55. adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from december 1 through april 30. the season pass is nontransferable, and the $450 price is nonrefundable. alpine expects its season pass holders to use their passes equally throughout the season. the company’s fiscal year ends on december 31. on november 6, 2009, jake lawson purchased a season ticket. required: 1. when should alpine west recognize revenue from the sale of its season passes? 2. prepare the appropriate journal entries that alpine would record on november 6 and december 31. 3. what will be included in the 2009 income statement and 2009 balance sheet related to the sale of the season pass to jake lawson?