Question

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?

Answer 1

47500

Step-by-step 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