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Bison Tickets contracts with the producer of Circus Co. to sell tickets online. A customer is charged a fee of $9 per ticket by Bison.
Bison Tickets contracts with the producer of Circus Co. to sell tickets online. A customer is charged a fee of $9 per ticket by Bison. Bison also receives $22 per ticket from the producer. Bison Tickets does not take control of the ticket inventory. Average ticket price for the event is $105. How much revenue should Bison Tickets recognize for each Circus Co. ticket sold? Group of answer choices $9 because the $22 from the producer is similar to a negative cost of goods sold $105 because the $83 is cost of goods sold paid to the Blue Man Group producer $31 because both the fee from the customer and the Blue Man Group producer
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