Question: I am having an issue solving for qustion 9.2 and 9.4 E9-2 Calculate earned revenues [LO 1] Kirkland Theater sells season tickets for six events
I am having an issue solving for qustion 9.2 and 9.4
E9-2 Calculate earned revenues [LO 1]
Kirkland Theater sells season tickets for six events at a price of $180. In pricing the tickets, the planners assigned the leadoff event a value of $45 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,200 season tickets were sold for the 2010 season. Required: (a) Calculate the theater's earned revenue after the first three events have been presented. (Omit the "$" sign in your response.) Revenue earned $E9-4 Effects of inventory error [LO 2]
Assume that the ending inventory of a merchandising firm is overstated by $40,000. Required: (a) By how much and in what direction (overstated or understated) will the firm's cost of goods sold be misstated? (Omit the "$" sign in your response.) Cost of goods sold (Click to select) overstated understated by $ (b) If this error is not corrected, what effect will it have on the subsequent periodStep by Step Solution
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