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Suppose a sports team, with a 10,000 seat arena, sells out the entire season for $200.00 per ticket before the season starts. The team play 50 games:

Suppose a sports team, with a 10,000 seat arena, sells out the entire season for $200.00 per ticket before the season starts.  The team play 50 games:

1. Before the first game starts, how much differed revenue is on the team's books?

2. After the 25th game, how much revenue can the team recognize?

3. After the 10th game, how much differed revenue is on the books?

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