According to the latest report by IMARC Group, titled “Online Movie Ticketing Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global online movie ticketing services market size reached US$ 17.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.0 Billion by 2027, exhibiting a growth rate (CAGR) of 6.57% during 2022-2027.
The online i barmer movie ticketing service allows users to reserve seats and buy tickets. It offers high customer satisfaction by allowing them to check the availability of the screening from any place and time. It aids in minimizing traffic, identifying free spaces, and offering easy access to services, secure payment gateways, and quick reservations.
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Global Online ibomma Movie Ticketing Services Market Trends:
At present, shifting consumer preferences towards comfortable and cost-effective ibomma movie ticketing services represent one of the key factors impelling the growth of the market across the globe. Apart from this, these services reduce the cost of the provider as the automated software minimizes the operator requirement and the need for multiple windows for ticket distribution. Additionally, the increasing use of online ticketing platforms for eradicating the usage of paper and saving the environment from deteriorating further is bolstering the growth of the market. Moreover, key market players are introducing advanced features, such as easy refunding, virtual view from seats, and updates, for upcoming releases to attract a wider consumer base. They are also focusing on incorporating advanced technologies, such as artificial intelligence (AI), for recommending movies to consumers according to their preferences. Furthermore, safe digital payment gateways and strong customer authentication for online payments are driving the market worldwide.
Global Online iboma Movie Ticketing Services Market Segmentation:
The report has segmented the market on the basis on region, device, genre, application
Breakup by Device:
- Desktop
- Mobile Devices
Breakup by Genre:
- Drama Movies
- Adventure Movies
- Comedy Movies
- Thriller, Suspense and Horror ibomma Movies
- Action Movies
- Other Genre
Breakup by Application:
- Cinema
- Entertainment Place
- Shopping Malls
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the Major Global Online ibomma Movie Ticketing Services Market Key players?
- AOL Inc.
- Atom Tickets LLC
- BookMyShow Inc.
- Carnival Cinemas
- Cinemark Holdings Inc.
- Cineplex Inc.
- INOX Leisure Limited
- Kyazoonga
- Moviefone Inc.
- Movietickets Inc. (Fandango Media LLC)
- Mtime (Wanda)
- One97 Communications Ltd.
- PVR Limited, VOX Cinemas
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Absorption Costing MCQs with Answers Explanation Engineering ECE
What Is Absorption Costing?
Absorption costing, also known as the all-encompassing, all-inclusive, or comprehensive costing method, is a sophisticated and perplexing managerial accounting framework that attempts to incorporate all expenses that are linked to the production of a particular product. This method is highly intricate and involves a copious amount of calculations and analyses to arrive at the total cost of production.
Every minuscule expense, whether direct or indirect, such as raw materials, labor, rent, utilities, depreciation, maintenance, insurance, and every other associated cost, is taken into account to determine the total cost of the product. The complexity of this method is staggering, and it requires extensive knowledge of accounting principles, an understanding of manufacturing processes, and advanced analytical skills to execute.
However, despite its complexity, absorption costing is still widely used in the industry due to its comprehensive approach to providing an accurate picture of the cost of production. Moreover, under the generally accepted accounting principles (GAAP) in the United States, absorption costing is an approved method for external reporting. In contrast, variable costing is prohibited, adding to the confusion and perplexity surrounding this topic.
Which of the following costs would NOT be included in the cost of goods sold calculation under absorption costing?
a) Direct materials
b) Direct labor
c) Variable manufacturing overhead
d) Fixed manufacturing overhead
Answer: c) Variable manufacturing overhead
Explanation: Under absorption costing, both fixed and variable manufacturing overhead costs are included in the cost of goods sold calculation. Direct materials and direct labor costs are also included.
When production exceeds sales, absorption costing will result in:
a) Higher net income than variable costing
b) Lower net income than variable costing
c) The same net income as variable costing
d) None of the above
Answer: a) Higher net income than variable costing
Explanation: When production exceeds sales, there will be more fixed manufacturing overhead costs that are absorbed into the cost of goods sold calculation under absorption costing. This results in a higher net income compared to variable costing, which only includes variable manufacturing costs in the cost of goods sold calculation.
Which of the following statements is true about absorption costing?
a) It is used for external reporting purposes
b) It is used for internal decision-making purposes
c) It is the same as variable costing
d) None of the above
Answer: a) It is used for external reporting purposes
Explanation: Absorption costing is required for external financial reporting purposes, such as on the income statement and in financial statements. Variable costing, on the other hand, is often used for internal decision-making purposes.
In a period of increasing production and sales, absorption costing will result in:
a) Higher net income than variable costing
b) Lower net income than variable costing
c) The same net income as variable costing
d) None of the above
Answer: c) The same net income as variable costing
Explanation: When production and sales increase, absorption costing and variable costing will result in the same net income. This is because there will be fewer fixed manufacturing overhead costs per unit under absorption costing, but there will also be more units sold.
