The following information applies to the questions displayed below] The Universi

Question

The following information applies to the questions displayed below] The University of Michigan football stadium, built in 1927, is the largest college stadium In America, with a seating capacity of 108,000 fans. Assume the stadium sells out all five home games before the season begins, and the athletic department collects $83.70 milion in ticket sales. 7. value: 1.00 points Required: 1. What is the average price per season ticket and average price per individual game ticket soid? (Entor your answers in dollars, not in millions.) Season ticket Individual game ticket @OGswx pucae

Explanation / Answer

1.Average price per season ticket=$83,700,000/108,000=$775

2.Average price per individual game ticket=$775/5=$155

3.

Account Description    Debit Credit Cash/Bank $83,700,000 Adavance received for sale tickets $83,700,000

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