When Selling Group Tickets,the Following Considerations Should Be Kept in Mind

question 82

Multiple Choice

When selling group tickets,the following considerations should be kept in mind except

• A)the discounted group price should not be lower than the price paid per game for a season ticket holder
• B)number of group tickets should be limited during peak game times
• C)should be a minimum price floor for group ticket sales
• D)individual groups should not be more than 50 in order to control prices

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Definitions:

Journal Entry

A record in accounting that notes the details of a financial transaction in terms of debits and credits to the accounts.

Discount on Bonds Payable

The difference between the face value of a bond and its selling price when the bond is sold for less than its face value.

Bonds Payable

Long-term liabilities represented by promissory notes issued by a company to raise capital, to be repaid at a future date.

Installment Note

A debt instrument that requires the borrower to make regular payments (installments) of principal and interest over a set period until the total debt is paid.