Amazon reported the following results for the year ended Dec. 31, 2019: Sales $ 7,200,000 Variable expenses 5,400,000 Contribution margin 1,800,000 Fixed expenses 1,296,000 Net operating income $ 504,000 Average operating assets $ 4,000,000 At the beginning of 2020, Amazon finds it has an $800,000 investment opportunity with the following expectations: Sales $ 2,480,000 Contribution margin ratio 40 % of sales Fixed expenses $ 800,800 Amazon's minimum required rate of return is 14%. If Amazon pursues the new investment opportunity in 2020 and further expects its main operations to remain consistent with last year, Amazon's combined residual income for the entire company in 2020 will be closest to: Multiple Choice $23,200 ($44,000) $628,000 $652,800

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?