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deondra0803
24.06.2020 •
Business
The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity of 110,500 fans. Assume the stadium sells out all six home games before the season begins, and the athletic department collects $86.19 million in ticket sales. Required: 1. What is the average price per season ticket and average price per individual game ticket sold
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Ответ:
The average price per season ticket is $780
The average price per individual game ticket is $130
Explanation:
The season involves 6 home games. Thus, a season ticket entitles you to attend six home games. The capacity of the stadium is 110500 fans per game. Thus, for a season of 6 games, the number of total fans to attend will be,
Season total attendance = 6 *110500 = 663000 fans
Average ticket price per game will be = 86,190,000 / 663,000
Average ticket price per game will be = $130
As the season involves 6 games and the average ticket price per game is $130, the average price per season ticket will be,
Average price per season ticket = 130 * 6 = $780
Ответ:
A. it increases the level of reserves
Explanation:
When depository institutions receive loans from Fed it is basically the extension of increase in value of reserves.
This reflects the increase in balance of reserves because this means that the depository banks holds more amount of assets of federal reserve. This will increase the reserves of depository banks with Fed, as even though they are using such amount but these are assets of Fed only to be paid back.