Category prior year current year accounts payable 41,400 45,000 accounts receivable 115,200 122,400 accruals 16,200 13,500 additional paid in capital 200,000 216,660 cash common stock @ par value 37,600 42,000 cogs 131,400 179,769.00 depreciation expense 21,600 22,697.00 interest expense 16,200 16,356.00 inventories 111,600 115,200 long-term debt 135,000 139,288.00 net fixed assets 376,912.00 399,600 notes payable 59,400 64,800 operating expenses (excl. depr.) 50,400 63,895.00 retained earnings 122,400 136,800 sales 255,600 338,652.00 taxes 9,900 18,818.00 what is the firm's current year operating profit margin?

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?