Business, 16.04.2020 03:13, j015

The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity of 109,500 fans. Assume the stadium sells out all six home games before the season begins, and the athletic department collects $78.84 million in ticket sales.

1. What is the average price per season ticket and average price per individual game ticket sold?

-season ticket:

-Individual game ticket:

2. & 3. Record the advance collection of $78.84 million in ticket sales and the revenue earned after the first home game is completed. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in dollars, not in millions (i. e. 5.5 should be entered as 5,500,000).)

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 13:50, brewerroserb

Ateam of engineers has decided to design a new shoe for people suffering from a painful foot condition. what should the engineers do during the planning stage of their project? a. look at the trial's results to see how the design can be improved. b. build a variety of shoe models. c. have patients wear the new shoe in an experimental trial to see if symptoms improve. d. estimate how much potential consumers would be willing to pay for this new shoe.

Answers: 1

continue

Business, 21.06.2019 19:10, corcoranrobert1959

Goals that are overly ambitious can discourage employees and decrease motivation, yet the idea of stretch goals is proposed as a way to get people fired up and motivated. as a manager, how might you decide where to draw the line between a “good” stretch goal and a “bad” one that is unrealistic?

Answers: 1

continue

Business, 22.06.2019 05:00, jennemylesp19oy5

What is a sort of auction for stocks in which traders verbally submit their offers?

Answers: 3

continue

Business, 22.06.2019 11:00, igtguith

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow

Answers: 1

continue

Do you know the correct answer?

The University of Michigan football stadium, built in 1927, is the largest college stadium in Americ...