Hamilton Hamilton Music Society is a not-for-profit organization that brings guest artists to the community's greater metropolitan area. The music society just bought a small concert hall in the center of town to house its performances. The lease payments on the concert hall are expected to be $ 3 comma 000 $3,000 per month. The organization pays its guest performers $ 900 $900 per concert and anticipates corresponding ticket sales to be $ 3 comma 500 $3,500 per concert. The music society also incurs costs of approximately $ 700 $700 per concert for marketing and advertising. The organization pays its artistic director $ 47 comma 000 $47,000 per year and expects to receive $ 45 comma 000 $45,000 in donations in addition to its ticket sales. Read the requirements LOADING... . Requirements 1 and 2. Determine the formula used to calculate the breakeven point, then enter the amounts in the formula to calculate the number of concerts needed in order to break even under the scenarios presented in requirement 1 and requirement 2 . (Abbreviations used: CM = Contribution margin, Var. = Variable) ( - ) / = Concerts needed to break even Req. 1 ( - ) / = Req. 2 ( - ) / = What is the music society's operating income/(loss) if it hires the new marketing director and holds 34 34 concerts per year? The music society would have an operating of . Requirement 3. The music society expects to receive a grant that would provide the organization with an additional $ 38 comma 000 $38,000 toward the payment of the marketing director's salary. What is the breakeven point if the music society hires the marketing director and receives the grant? The number of concerts needed to break even is . Choose from any list or enter any number in the input fields and then continue to the next question.