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27 January, 01:12

Season tickets for the Dingos are priced at $240 and include 12 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,224,000. By the end of October, $714,000 of the Unearned Ticket Revenue had been recognized as revenue. How many season tickets did the Dingos sell

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  1. 27 January, 05:06
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    5,100 tickets

    Explanation:

    The computation of the season tickets sold is shown below:

    The Volume of Season Tickets is

    = (Amount Credited to Unearned Revenue Account) : (Price Per Ticket)

    where,

    The Amount credited is $ 1,224,000

    And, the price per ticket is $240

    Now placing these values to the above formula

    So, the number of season tickets sold is

    = $1,224,000 : $240

    = 5,100 tickets

    We simply applied the above formula
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Home » Business » Season tickets for the Dingos are priced at $240 and include 12 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,224,000.
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