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Final Part, much appreciated:) The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity of
Final Part, much appreciated:)
The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity of 114,000 fans. Assume the stadium sells out all six home games before the season begins, and the athletic department collects $102.6 million in ticket sales Required: 1. What is the average price per season ticket and average price per individual game ticket sold? (Enter your answers in dollars, not In millions (l.e. $5.5 million should be entered as 5,500,000).) Per season ticket Per individual game ticket 2. & 3. Record the advance collection of $102.6 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 answers in dollars, not in millions cl.e. $5.5 million should be entered as 5,500,000).) View transaction ist Journal entry worksheet Step by Step Solution
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