{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T03:15:28-04:00", "answer_date": "2024-05-26 03:15:28", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1722856", "url": "\/study-help\/questions\/stubsrus-is-a-local-event-ticket-broker-last-year-the-1722856", "question_creation_date_js": "2024-05-26T03:15:28-04:00", "question_creation_date": "May 26, 2024 03:15 AM", "meta_title": "[Solved] Stubs-R-Us is a local event ticket broker | SolutionInn", "meta_description": "Answer of - Stubs-R-Us is a local event ticket broker. Last year, the company sold 740,000 tickets with an average commission of $ | SolutionInn", "meta_keywords": "stubs--,local,event,ticket,broker,year,company,sold,740,000,tickets,average,commission", "question_title_h1": " Stubs-R-Us is a local event ticket broker. Last year, the company sold 740,000 tickets with an average commission of $5. Because of the general", "question_title": " Stubs-R-Us is a local event ticket broker. Last year, the company", "question_title_for_js_snippet": "Stubs R Us is a local event ticket broker Last year, the company sold 740,000 tickets with an average commission of $5 Because of the general economic climate, Stubs expects ticket volume to decline by 20 percent In addition, employees at a local insurance company headquarters accounted for 10 percent of Stubs' volume The headquarters relocated to another state and all the employees closed their accounts Offsetting these factors is the observation that the average commission per sale is likely to increase by 5 percent because the average ticket prices are expected to be larger in the coming year Required Estimate commission revenues for Stubs R Us for the coming year Commission revenues", "question_description": "\"image", "transcribed_text": "Stubs-R-Us is a local event ticket broker. Last year, the company sold 740,000 tickets with an average commission of $5. Because of the general economic climate, Stubs expects ticket volume to decline by 20 percent. In addition, employees at a local insurance company headquarters accounted for 10 percent of Stubs' volume. The headquarters relocated to another state and all the employees closed their accounts. Offsetting these factors is the observation that the average commission per sale is likely to increase by 5 percent because the average ticket prices are expected to be larger in the coming year. Required: Estimate commission revenues for Stubs-R-Us for the coming year. Commission revenues", "related_book": { "title": "Fundamentals of Cost Accounting", "isbn": "978-1259728877, 1259728870, 978-1259565403", "edition": "5th edition", "authors": "William Lanen, Shannon Anderson, Michael Maher", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1059.jpg", "uri": "\/textbooks\/fundamentals-of-cost-accounting-5th-edition-1059", "see_more_uri": "\/textbooks\/business-marketing-21" }, "free_related_book": { "isbn": "0199673624", "uri": "\/textbooks\/foundational-texts-in-modern-criminal-law-1st-edition-9780199673629-94888", "name": "Foundational Texts In Modern Criminal Law", "edition": "1st\u00a0Edition" }, "question_posted": "2024-05-26 03:15:28", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/question-4-artistic-hand-for-engineering-services-was-formed-on-291959", "description": "Question 4: Artistic Hand for engineering Services was formed on Jun 1, 2018. The following transactions took place during the month of Jun: I The owner invested $20,000 cash in business. 2 Hired an...", "stars": 3 }, { "url": "\/summarize-the-different-ecofeminist-views-described-in-this-chapter", "description": "Summarize the different ecofeminist views described in this chapter.", "stars": 3 }, { "url": "\/study-help\/principles-of-marketing\/how-do-firms-examine-customer-sentiments-appendixlo1-1764227", "description": "How do firms examine customer sentiments? AppendixLO1", "stars": 3 }, { "url": "\/study-help\/business-statistics-in-practice\/20-baking-profits-a-supermarket-is-currently-studying-the-possibility-1981964", "description": "=+20. Baking profits. A supermarket is currently studying the possibility of closing its bakery division as it has registered losses for the past two years. They would like to predict the annual...", "stars": 3 }, { "url": "\/gepp-manufacturing-company-produces-a-single-product-the-following-data", "description": "Gepp Manufacturing Company produces a single product. The following data apply to the standard cost of materials and labor associated with making the product: Materials quantity per...", "stars": 3 }, { "url": "\/study-help\/questions\/record-the-business-activity-as-journal-entries-post-to-ledgers-9848828", "description": "Record the business activity as journal entries, post to Ledgers, prepare the unadjusted trial balance, prepare any adjusting entries for the month, and create the adjusted trial balance. 11104\/2020:...", "stars": 3 }, { "url": "\/study-help\/questions\/supply-will-increase-because-higher-prices-make-it-more-attractive-4743554", "description": "Supply will increase because higher prices make it more attractive for farmers to produce organic fruits and vegetables. Supply will increase until supply meets demand at the equilibrium price....", "stars": 3 }, { "url": "\/study-help\/questions\/now-imagine-you-are-a-project-manager-overseeing-the-development-3216697", "description": "Now imagine you are a project manager overseeing the development of the latest version of your selected product or service. Write 3-4 sentences about what you can do to create value for customers and...", "stars": 3 }, { "url": "\/study-help\/questions\/13-based-on-the-required-reading-in-module-2-what-5061841", "description": "13 Based on the required reading in Module 2, what does the term \"self-leadership\" involve? 1 point Exclusively managing oneself to do work that must be done but is not naturally motivating Leading a...", "stars": 3 }, { "url": "\/study-help\/questions\/how-flying-airoplane-8489931", "description": "How flying airoplane?", "stars": 3 }, { "url": "\/study-help\/questions\/you-cpa-work-at-spring-bounce-chartered-professional-accountants-2345993", "description": "You, CPA, work at Spring & Bounce Chartered Professional Accountants (S&B) as a management consultant. S&B is a medium-sized CPA firm. It is December 10, 2018, and the partner has called you into her...", "stars": 3 }, { "url": "\/study-help\/questions\/jamil-has-been-operating-his-accounting-firm-in-partnership-with-5351891", "description": "Jamil has been operating his accounting firm in partnership with Eddie for several years and is thinking of taking advantage of the Limited Liability Partnership Act 2012, and converting his firm...", "stars": 3 }, { "url": "\/study-help\/questions\/constant-dividend-growth-valuation-boehm-incorporated-is-expected-to-pay-8429887", "description": "Constant Dividend Growth Valuation Boehm Incorporated is expected to pay a $3.20 per share dividend at the end of this year (i.e., D1 = $3.20). The dividend is expected to grow at a constant rate of...", "stars": 3 }, { "url": "\/study-help\/questions\/dc-has-unused-ftc-carryover-from-2017-in-the-separate-251385", "description": "DC has unused FTC carryover from 2017 in the separate category for GC income as the result of income generated by a foreign branch. The income was foreign source general category income. In 2018 the...", "stars": 3 }, { "url": "\/study-help\/strategic-management-concepts-and-cases\/1-an-understanding-of-the-three-stages-of-entrepreneurship-1682444", "description": "1. An understanding of the three stages of entrepreneurship", "stars": 3 }, { "url": "\/study-help\/financial-reporting\/options-shares-dividends-reserves-lo6-8-the-1682443", "description": "Options, shares, dividends, reserves LO6, 8 The statement of changes in equity for Salmon Ltd for the year ended 30 June 2020 was as shown below. SALMON LTD Statement of changes in equity for the...", "stars": 3 }, { "url": "\/study-help\/strategic-management-concepts-and-cases\/3-an-ability-to-distinguish-between-opportunity-identification-evaluation-and-1682446", "description": "3. An ability to distinguish between opportunity identification, evaluation, and exploitation", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/tlr-productions-issued-800-shares-of-its-4-par-value-1722855", "next": "\/study-help\/questions\/accounts-receivable-analysis-the-following-data-are-taken-from-the-1722857" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " Stubs-R-Us is a local event ticket broker. Last year, the company", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/stubsrus-is-a-local-event-ticket-broker-last-year-the-1722856" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }nt_id": "1" } }