1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
The par value per share of common stock represents the
zavuch27 [327]
Amount of dividends per share to be received each year
3 0
3 years ago
How widely used are private correctional companies to operate jails?
Kobotan [32]
Not very, most of the time CO’s are underpaid so they can have mass amounts of them.
7 0
2 years ago
According to the tutorial, which is the most significant tax local governments rely on to generate revenue?
kirill115 [55]
I believe it is B property tax
8 0
3 years ago
Which is NOT a major expense category?
bija089 [108]

Answer:

D

Explanation:

Food. Because you can get a Burger for a dollar..

8 0
3 years ago
Read 2 more answers
Give an example of two economic goals conflicting with each other
Alexxandr [17]
Any country around the world has certain targets for becoming an ideal and economically stable nation. Economic goals of full employment, stability, economic growth, efficiency, and equity are widely considered to e beneficial and worth pursuing for a country to achieve economic stability. Full employment and price stability are goals that conflict with each other. Full employment is an economic situation in which all the available labor resource is being used in the most efficient way possible while price stability implies avoiding both prolonged inflation and deflation.
4 0
3 years ago
Read 2 more answers
Other questions:
  • A beekeeper lives adjacent to an apple orchard. The orchard owner benefits from the bees because each hive pollinates about one
    13·1 answer
  • A tiger develops lockjaw and can no longer open its mouth. Which of the four life functions will not be able to perform? (it obv
    11·1 answer
  • Cognitively selecting sorting and organizing sensory information is called
    7·2 answers
  • Which of the following will not help a firm speed up the timing of when it can obtain the use of funds from checks written to it
    5·1 answer
  • The proper time to determine a​ company's business model is following the​ _______ of the business idea and prior to fleshing ou
    11·1 answer
  • An internal accounting system should:
    10·1 answer
  • Which resources can help you learn more about specific careers? Check all that apply. CareerOneStop a personal assessment a pers
    14·2 answers
  • Relation between occupation and education any 5 point​
    14·1 answer
  • You put up $80 at the beginning of the year for an investment. The value of the investment grows 2% and you earn a dividend of $
    9·1 answer
  • Identify the statement in the passage that reflects unethical behavior.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!