The Dallas Mavericks basketball team has hired you as its new accountant. On your first day on

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The Dallas Mavericks basketball team has hired you as its new accountant. On your first day on the job, Mavericks’ owner, Mark Cuban, comes to you and asks, “How many tickets must we sell to pay for Dirk Nowitzki’s salary?” He then hands you a sheet of paper with the following information:
Dirk Nowitzki’s salary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $18,077,904
Average ticket price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98
Printing cost of one ticket . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.50
1. Prepare your response to Mark’s question.
2. How many tickets would the Mavericks have to sell to pay for the entire Mavericks team if the total team salary (including Nowitzki) is $97,496,177?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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