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8 July, 17:29

Oz, a non-governmental not-for-profit organization, received $50,000 from Ame Company to sponsor a play given by Oz at the local theater. Oz gave Ame 25 tickets, which generally cost $100 each. Ame received no other benefits. What amount of ticket sales revenue should Oz record?

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  1. 8 July, 17:53
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    47500

    Explanation:

    Since its a non profit, non government organisation ...

    Sponsor cost = total ticket revenue

    Tc = price of ticket = 100

    Tca = total cost of ticket given to ame

    Tca = N * Tc where N is number of ticket given to ame

    Tca = 25 * 100 = 2500

    Amount of ticket sale revenue by oz = 50000 - 2500 = 47500
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Home » Business » Oz, a non-governmental not-for-profit organization, received $50,000 from Ame Company to sponsor a play given by Oz at the local theater. Oz gave Ame 25 tickets, which generally cost $100 each. Ame received no other benefits.
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