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Column A represents the Financial report for the previous year's event. Prepare the forecast for next year's event in Column B, assuming a 5% increase
Column A represents the Financial report for the previous year's event.
Prepare the forecast for next year's event in Column B, assuming a 5% increase in all expenses while leaving revenue unchanged.
In Column C, prepare a new budget for the event if the expenses are increased but the goal is to attain the same profit before taxes as the previous year's event. Provide a new ticket price to achieve this goal if the number of tickets sold remains the same.
A | B | C | ||
Event Sales Revenue | 162500.00 | 162500.00 | ||
Number of Tickets Sold | 2500.00 | |||
Price per Ticket | 65.00 | |||
Expenses: | ||||
Space Rental | 30000.00 | |||
Food and Beverage | 55000.00 | |||
Entertainment | 9000.00 | |||
Total Expenses | 94000.00 | |||
Profit Before Taxes | 68500.00 | |||
New Price per Ticket |
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