Actual gross dollar value of tickets sold for 2021

Assignment Help Accounting Basics

Reference no: EM133609878

Question: Thunderbird Airlines has a very successful Frequent Flyer Program (FFP). Each year 10% of the value of tickets sold are put forward to the FFP for future use by passengers. Customers can redeem these earned miles for future flights. In 2021, the airline recognized sales of USD2.1bn. Of this USD300m in ticket sales was from tickets that used miles previously earned that were redeemed in 2021 for travel. Upon graduating from your management degree, you worked hard to interview for the role to be the Chief of Staff to the CEO. The CEO, impressed with your comfort with Accounting, has hired you and on Day 1 asks you to please update her on the actual gross dollar value of tickets sold for 2021? What answer will you provide?

Reference no: EM133609878

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