Kirkland theater sells season tickets for six events at a

Reference no: EM13612499

Kirkland Theater sells season tickets for six events at a price of $180. In pricing the tickets, the planners assigned the leadoff event a value of $45 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,200 season tickets were sold for the 2010 season. Required: (a) Calculate the theater's earned revenue after the first three events have been presented. (Omit the "tiny_mce_markerquot; sign in your response.) Revenue earned $ (b) About 95% of the season ticket holders attended the first event. Subsequent events were attended by about 80% of the season ticket holders. To what extent, if any, should the attendance data impact revenue recognition?

Reference no: EM13612499

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