Named in honor of the late Dr. F. C. Phog Allen, the Kansas Jayhawks' head coach...
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Named in honor of the late Dr. F. C. "Phog" Allen, the Kansas Jayhawks' head coach for 39 years, Allen Fieldhouse is labeled by many as one of the best places in America to watch a college basketball game. Allen Fieldhouse has a seating capacity of 16,700. Assume the basketball arena sells out all 16 home games before the season begins, and the athletic department collects $29,392,000 in ticket sales. Required: 1. What is the average price per season ticket and average price per individual game ticket sold? 2. & 3. Record the advance collection of $29,392,000 in ticket sales and the revenue earned after the first home game is completed. Complete this question by entering your answers in the tabs below. Req Req 2 and 3 What is the average price per season ticket and average price per individual game ticket sold? (Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).) Per season ticket Per individual game ticket Named in honor of the late Dr. F. C. "Phog" Allen, the Kansas Jayhawks' head coach for 39 years, Allen Fieldhouse is labeled by many as one of the best places in America to watch a college basketball game. Allen Fieldhouse has a seating capacity of 16,700. Assume the basketball arena sells out all 16 home games before the season begins, and the athletic department collects $29,392,000 in ticket sales. Required: 1. What is the average price per season ticket and average price per individual game ticket sold? 2. & 3. Record the advance collection of $29,392,000 in ticket sales and the revenue earned after the first home game is completed. Complete this question by entering your answers in the tabs below. Req Req 2 and 3 What is the average price per season ticket and average price per individual game ticket sold? (Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).) Per season ticket Per individual game ticket
Expert Answer:
Answer rating: 100% (QA)
Req 1 Season tickets sold for 16 games Total ticket revenue 2939200... View the full answer
Related Book For
Financial Accounting
ISBN: 9780078110825
2nd Edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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Named in honor of the late Dr. F. C. Phog Allen, the Kansas Jayhawks head coach for 39 years, Allen Fieldhouse is labeled by many as one of the best places in America to watch a college basketball...
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