Exercise 10-6 Season tickets for the Dingos are priced at $320 and include 16 ho

Question

Exercise 10-6 Season tickets for the Dingos are priced at $320 and include 16 home games. An equal amount of revenue is recpnizet after act game is gliayedt. When the season began, the amount credited to Unearned Ticket Revenue was $1,728,000. By the end of October $1.1DDD o the ermed Ticket Revenue had been recognized as revenue. ® Your answer is incorrect. Try again. How many season tickets did the Dingos sell? Season tickets sold by Dingos 108,000 SHOW LEST OF ACCOUNTS LINK TO TEXT Your answer is incorrect. Try again. How many home games had the Dingos played by the end of October? Home games played by Dingos 108,000

Explanation / Answer

1.season tickets solb by Dingos = 5,400 tickets.

season tickets sold = total amount collected / price per ticket

=>$1,728,000 / $320 per ticket

=>5,400 tickets

2.how many games had the DIngos played by end of october:

home games by Dingos = 11 games.

homes games = amount recognised as revenue / revenue per game.

here,

amount recognised as revenue = $1,188,000.

revenue per game = total revenue / total games

=>$1,728,000 / 16

=>$108,000.

now,

home games = $1,188,000 / $108,000

=>11 games.

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