2.1 Instructions: In order to better understand whether the number of Total Passengers in 20X5 (as reported by Coliseum) is reasonable, develop a quick estimate of the maximum number of passengers possible during 20X5. In other words, how many passengers could ride on the Reel Wheel if every passenger car was filled to capacity for the entire year? In addition to documenting maximum capacity, show how many passengers would have experienced the Reel Wheel if it ran at 75 percent, 50 percent, and 25 percent of maximum capacity. Refer to the client data you requested, and document the percentage of total capacity that the clients reported number represents. Based upon your capacity calculations, does the number of reported passengers seem reasonable? *Please use the next two tabs (2.1 Calculations & 2.1 Analysis) accordingly

2.3 Instructions: Using all of the disaggregated data provided by the client, develop an audit work paper to calculate the most precise estimate you can for Ticket Sales Revenue in 20X5 at the Reel Wheel. Compare this revised estimate using disaggregated data with the clients reported account balance and determine (1) whether or not the clients amount appears to be materially misstated and (2) what, if any, additional audit work is required to test the account balance. *Please use the next two tabs (2.3 Calculations & 2.3 Analysis) accordingly

Coliseum Entertainment Substantive Analytical Procedure - Ticket Sales Revenue: The Reel Wheel Year-end Audit: December 31, 20X5 voies - Where noted, data is verified at multiple sources (e.g., PBC, RW). - The Reel Wheel sells some tickets to wholesalers - such as third-party travel websites - if booked as part of a travel package that includes a stay at a Coliseum hotel. - Although not specifically listed on the RW website, prices for Las Vegas locals (Photo ID required) are 40% off of Regular Adult (Day, Night) prices. No additional summer discount apply for locals. Tickmark Legend PBC Provided by client (Coliseum Entertainment) RW Sourced from Reel Wheel public website Coliseum Entertainment Substantive Analytical Procedure - Ticket Sales Revenue: The Reel Wheel Year-end Audit: December 31, 20X5 voies - Where noted, data is verified at multiple sources (e.g., PBC, RW). - The Reel Wheel sells some tickets to wholesalers - such as third-party travel websites - if booked as part of a travel package that includes a stay at a Coliseum hotel. - Although not specifically listed on the RW website, prices for Las Vegas locals (Photo ID required) are 40% off of Regular Adult (Day, Night) prices. No additional summer discount apply for locals. Tickmark Legend PBC Provided by client (Coliseum Entertainment) RW Sourced from Reel Wheel public website