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Firm sells 1000 ticket bundles during december for $380 each. As of December 31, the firm received full cash payment for 700 of the bundles.
Firm sells 1000 ticket bundles during december for $380 each. As of December 31, the firm received full cash payment for 700 of the bundles. Each bundle has ticket for 5 concerts and a t shirt. Normal sales price of each ticket is $60 and each t shirt is $100. T shirts are delivered when cash is retrieved. How much revenue does the firm recognize for the year?
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