On january 2, sue contracts to sell and bertha contracts to buy five cases of racquet balls at $200 per case for delivery on february 1. the balls are to be shipped f. o.b., bertha's city, and bertha is to pay after receipt and acceptance. on january 15, sue informs bertha that she will not perform. on february 1, bertha buys balls that are reasonable substitutes for $225 per case. bertha sues sue. the measure of damages is (assuming no incidental expenses)

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?