1 1 Ch 11 Disc: Original post due Sunday, July 11; replies to others due Tuesday, July 13 A The Alpha Beta Gamma Club of Jackson College is planning a fund-raising campaign. ABG is considering the possibility of having Walter Searles, an investment counselor, to address the public. Tickets would sell for $21 each. The school has agreed to let ABG use the auditorium at the Student Center at no cost but the club will spend about $1 per person for programs and complimentary refreshments. Mr. Searles usually is paid $10,000 per speech. In similar communities, In the past, Mr. Searles has drawn an audience of approximately 300-600 people. Required: 1. How many tickets must ABG sell in order to break even? (Show all calculations) 2. How much will ABG earn if 540 people attend the speech? (Show all calculations) 3. How much will ABG lose if only 440 people attend the speech? (Show all calculations) 4. Mr. Searles said he would consider other payment arrangements since ABG is a "charity" group. The ABG President, Marquis Jones wants to offer Mr. Searles flat fee of $9,000. How much will ABG make (or lose) using Jones' new plan at audience levels of 440 and 540? 5. After much discussion, ABG has decided to sell tickets for $22 each and to not have refreshments or programs. In addition, Mr. Searles has agreed to speak for $9,500. Approximately how many tickets must ABG sell in order for the club to make $800 for the club? ( Round up your final answer to an exact number of tickets.) 6. What nonquantitative factors do you think the club should consider in order to help make the event a success? . As always, use proper grammar and spell check your post Reply to two students by name. Original post is due on Sunday night