gle-Sg M EMAIL USF 12e eText accoun YUTLE Food and Cultu Pearson Help I System A

Question

gle-Sg M EMAIL USF 12e eText accoun YUTLE Food and Cultu Pearson Help I System Announc Exercise 10-4 (Part Level Submission) Season tickets for the Dingos are priced at $380 and include 19 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $2,071,000. By the end of October, $1,526,000 of the Unearned Ticket Revenue had been recognized as revenue. How many season tickets did the Dingos sell? Season tickets sold by Dingos Click if you would like to Show Work for this question: Qpen Show Work used /12/2018 o search

Explanation / Answer

Answer a.

Revenue from sale of tickets = $2,071,000
Price per ticket = $380

Number of tickets sold = Revenue from sale of tickets / Price per ticket
Number of tickets sold = $2,071,000 / $380
Number of tickets sold = 5,450

So, Dingos sold 5,450 season tickets

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