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The Symphony sells season tickets for six events at a price of $94. In pricing the tickets, the planners assigned the leadoff event a value
The Symphony sells season tickets for six events at a price of $94. In pricing the tickets, the planners assigned the leadoff event a value of $27 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,010 season tickets were sold for the 2013 season. Required: Calculate the theaters earned revenue after the first three events have been presented About 93% of the season ticket holders attended the first event. Subsequent events were attended by about 78% of the season ticket holders. To what extent, if any, should the attendance data impact revenue recognition? No Yes
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