Decision point: sizing up the players the phone rings in the next room and the assistant answers it. she tells the caller, "yes, sir, they are here." she soon hangs up, and comes in with your coffee. she tells you that it should not be too much longer and again apologizes. she explains that the ceo doesn't answer his cell phone while driving. she says he waited to pull over to call her because he is a bit old fashioned. "he has a hands-free system but has found it a hassle to use," she says. she turns to leave, but you ask her to have a seat. you have an opportunity here. what would be most beneficial to ask the assistant at this time?

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?