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aleksley [76]
3 years ago
7

The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity o

f 111,500 fans. Assume the stadium sells out all six home games before the season begins, and the athletic department collects $93.66 million in ticket sales. Required: 1. What is the average price per season ticket and average price per individual game ticket sold
Business
1 answer:
cricket20 [7]3 years ago
8 0

Answer:

a. $840

b. $140

Explanation:

a. The calculation of the average price per season ticket is shown below:-

Average price per season ticket = Total price of season tickets ÷ Sitting capacity

= $93,660,000 ÷ 111,500

= $840

b. The calculation of average price per individual game ticket sold is shown below:-

Average price per individual game ticket sold = Average price per season ticket ÷ Six home games

= $840 ÷ 6

= $140

Therefore we simply applied the above formula for computing the average price per season ticket and average price per individual game ticket sold.

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On July 10, Boogie Footware agrees to a contract to sell 800 pair of flapper shoes for $16,000 to Twenties, Inc. On September 1,
atroni [7]

Answer:

$2,000

Explanation:

Revenue is the income generated from normal business activities. This includes allowances, discounts and deductions for sales returned.

Since Boogie and Twenties modify the agreement to reduce the price of the remaining 300 pair of flapper shoes to $10 a pair, it means that revenue to be recognized from the date of the change will be recognized at a unit price of $10.

As such if Boogie delivers 200 pairs of shoes in September,

Revenue to be recognized in the Month of September

= 200 * $10

= $2,000

5 0
3 years ago
What are five things you can do to overcome stereotypes?
svlad2 [7]

Explanation:

First of all we need to know what stereotype actually is. So stereotype is basically the over generalized belief of someone about something or someone else based on some assumptions. The simplest example of stereotype can be seen as, 'A woman is always caring'. This is a stereotype about a particular group of human beings. So there are a lot of other stereotypes too which prevails in our societies. Now we have to overcome such stereotypes by doing the following things:

  • Admit and Say that the stereotypes are wrong
  • Find famous people to give examples of, who think stereotypes are wrong
  • Debate about the wrong associated with stereotypes by giving them sufficient evidence and examples
  • Do what you feel like doing about breaking the stereotypes
  • Provide data to people with examples about people who are not that stereotype.
6 0
3 years ago
Read 2 more answers
On October 1, year 1, Kirby Corp. purchased equipment for $100,000. The equipment has a useful life of 5 years with no residual
NNADVOKAT [17]

Answer:

5000 partial depreciation

Explanation:

straight line formula is = <u>cost  - scrape value</u>

                                          useful life in years

since there is no residual value (scrape value) therefore, we divide <u>100,000 </u>

                                                                                                                     5        

the answer we get 20000 per year depreciation. but the equipment is bought on 1st oct, and if assume that the year ends on Dec, 31 so  it is measure for 3 month depreciation which is 5000.                                                                                                                                                                                                                                                                                            

4 0
3 years ago
Demand for food doesn't change in response to a change in price. Why?
Alborosie

the answer is D, demand for food is inelastic

7 0
3 years ago
Read 2 more answers
George believes that women have difficulty coping with the stress of executive decisions. Sally is promoted into a senior manage
Mariulka [41]

Answer:

2. Stereotyping

Explanation:

Stereotyping is a prejudiced view of a person based on a mistaken belief or idea of many people.

George had a belief that women have difficulty coping in stressful situations and making executive decisions. When Sally is promoted to a senior management position his stereotype of women comes to play as George starts to complain that Sally would not be able to cope with the job.

6 0
3 years ago
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