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The symphony sells season tickets for six events at a price of$105.In pricing the tickets, the planners assigned the leadoff event a value of$29 because

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The symphony sells season tickets for six events at a price of$105.In pricing the tickets, the planners assigned the leadoff event a value of$29 because the program was an expensive symphony orchestra. The last five events were priced equally, 1, 100 season tickets were sold for the 2013 season. Required: Calculate the theater's earned revenue after the first three events have been presented. About 97% of the season ticket holders attended the first event Subsequent events were attended by about 76% of the season ticket holders. To what extent, if any, should the attendance data impact revenue recognition? Yes No

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