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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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