Exercise 9-8 (Static) Calculate earned revenues LO 9-1 Kirkland Theater sells season tickets for six...
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Exercise 9-8 (Static) Calculate earned revenues LO 9-1 Kirkland Theater sells season tickets for six events at a price of $240. In pricing the tickets, the planners assigned the leadoff event a value of $60 because the program was an expensive symphony orchestra. The last five events were priced equally: 1,800 season tickets were sold for the 2022 season. Required: a. Calculate the theater's earned revenue after the first three events have been presented. Note: Do not round intermediate calculations. b. About 95% of the season ticket holders attended the first event. Subsequent events were attended by about 80% of the season ticket holders. Would the attendance data impact revenue recognition? a. Revenue earned b. Would the attendance data impact revenue recognition?
Exercise 9-8 (Static) Calculate earned revenues Lo 9-1 Kirkland Theater sells season tickets for slx events at a price of $240. In pricing the tickets, the planners assigned the leadoff event a value of $60 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,800 season tickets were sold for the 2022 season. Required: a. Calculate the theater's earned revenue after the first three events have been presented. Note: Do not round intermediate calculations. b. About 95% of the season ticket holders attended the first event Subsequent events were attended by about 80% of the season Nicket holders. Would the attendance data impactrevenue recognition? Exercise 9-8 (Static) Calculate earned revenues Lo 9-1 Kirkland Theater sells season tickets for slx events at a price of $240. In pricing the tickets, the planners assigned the leadoff event a value of $60 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,800 season tickets were sold for the 2022 season. Required: a. Calculate the theater's earned revenue after the first three events have been presented. Note: Do not round intermediate calculations. b. About 95% of the season ticket holders attended the first event Subsequent events were attended by about 80% of the season Nicket holders. Would the attendance data impactrevenue recognition
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