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ACCT 382 - Week 5 - Chapter 5 Homework - Question 1

ACCT 382 - Week 5 - Chapter 5 Homework - Question 1
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ACCT 382 - Week 5 - Chapter 5 Homework - Question 1

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Question 1

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 non refundable. Alpine expects its season pass holders to use their passes equally throughout the season. The company's fiscal year ends on December 31.