Uptown theatre has customers who prepay a total of $1,000 for season tickets to attend five upcoming shows. uptown dinner theatre collects the $1,000 in advance before the shows are performed. after three shows are performed, what should uptown theatre report on its income statement assuming it used the accrual basis accounting method?

conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?