Tickets to Toronto Maple Leafs Games Regularly Sell Out, Despite

question 127

Multiple Choice

Tickets to Toronto Maple Leafs games regularly sell out, despite a relatively high price.The Pheonix Coyotes have struggled financially for years.What is an economic reason why the National Hockey League would prevent the Coyotes from moving to the greater Toronto area?

• A)The commisioner of the league is from the southern US.
• B)The Toronto City Council refuses to grant permission.
• C)The National Hockey League understands that a new team in Toronto could reduce the Maple Leaf's profits.
• D)A second team in Toronto would be too confusing for fans.

---

Definitions:

Special Journals

Customized accounting journals used for recording specific types of transactions that occur frequently.

General Journal

A primary accounting record where all types of financial transactions are initially recorded in chronological order before being posted to specific accounts in the general ledger.

Cash Receipts Journal

A specific financial journal used in accounting to record all cash inflows to a business.

Sales Journal

A specialized accounting ledger that records all sales transactions of a business, typically for goods or services on credit.