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The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity of 105,000 fans. Assume the
The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity of 105,000 fans. Assume the stadium sells out all six home games before the season begins, and the athletic department collects $110.25 million in ticket sales.
Record the advance collection of $110.25 million in ticket sales and the revenue earned after the first home game is completed.
a. Record the advance collection in ticket sales.
b. Record the revenue earned after the first home game is completed.
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