1. ticket master holds the money for 14 days before paying the customer 2. there are a lot of customers 3. therefore ticket master holds lots of customer cash

1. ticket master holds the money for 14 days before paying the customer 2. there are a lot of customers 3. therefore ticket master holds lots of customer cash in transit (this is called the "float") 4. cash earns 5% interest so this year they will earn about 5% * avg float