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    lukasz1890's Avatar
    lukasz1890 Posts: 1, Reputation: 1
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    #1

    Feb 15, 2008, 11:08 AM
    Ticket sales revenue
    Penn State University receives $20,000,000 cash for 80,000 five-game season football tickets.
    I. Penn State plays the first football game referred to in (h).
    I wan to calculate the thicket sales revenue but I don't know how:(
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Feb 15, 2008, 02:40 PM
    This is unearned revenue. They've received it in advance for something they haven't done yet. i.e. they will earn it when the games are actually "performed." And there's five games paid up front. When the first game is played, how much of that revenue have they actually now earned?
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