Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2) Assume the following scenario: Your hall seats 3,000. Ticket prices are $28. You sell 3000 seats. Assume a guarantee of $30,000 to the headliner

2) Assume the following scenario: Your hall seats 3,000. Ticket prices are $28. You sell 3000 seats. Assume a guarantee of $30,000 to the headliner and other expenses of $25,000. Figure the following deals:

a) Guarantee with promoter profit of 15% PLUS an 85/15 split. Promoter makes ____23310_________________. Artist makes _____60690____________________________.

b) Guarantee PLUS an 80/20 split. Promoter makes _______________________. Artist makes ___________________________________.

c) Percentage of the Adjusted Gross (60%) Door Deal. Promoter makes _______________________ Artist makes ___________________________________

d) Guarantee vs. Percentage of NET (60%) VERSUS DEAL. Promoter makes ________________________ Artist makes ___________________________________

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

9780470374948, 470423684, 470374942, 978-0470423684

More Books

Students also viewed these Accounting questions