How do I do the last one, number 6?

There are three sources of revenue for the concert: 1. Tickets will be sold for $15.00 each 2. A large mu tinational corporation headquartered in Chicago will donate $2.00 per ticket sold. 3. Each concert attendee is expected to spend an average of $16.00 for parking, food, and merchandise. On the expense side, . A popular national group has agreed to perform at the concert. Normally, the group demands a significant fixed fee to perform, but to reduce the risk for the organizers, the group has agreed to perform for 5.50 per ticket sold. 2. The organizers will pay several companies to operate the parking, food, and merchandise concessions. They will pay $20,000 plus 13% of all parking, food, and merchandise revenue 3. The organizers will pay the pavilion $100,000 plus $10.00 per person attending to cover its operating expenses (production, maintenance, advertising, etc.) REQUIRED [ROUND YOUR CM ANSWER TO THE NEAREST CENT; ROUND ALL OTHER ANSWERS TO THE NEAREST UNIT OR NEAREST DOLLAR.] Part A (s tries; 8 points) 1. What is the estimated contribution margin per ticket sold for the benefit concert? #1 IS CORRECT 15.4200 2. What are the estimated total fixed costs for the benefit concert? #2 IS CORRECT 120000 are correct. Previous Tries receipt no. is 152-5708 Your answers are correct, but just to make sure that there are no rounding issues, use $15.42 for the estimated contribution margin per ticket sold and $120,000 for the estimated monthly fixed costs in Parts B and C. 2. What is the estimated profit from the benefit concert if 11,500 tickets are sold? 57330 4. How many tickets must be sold in order for concert profit to be $100,000 #4 IS CORRECT 14267 5. Assuming a tax rate of 40% on profits from the concert, what must dollar ticket sales be in order for after-tax concert profits to be $100,0007 #5 IS CORRECT 278859 are correct. recelpt no. is 152-6113 6, Assume that the organizers can negotiate the fixed portion of the pavilion's operating expenses, If the organizers expect to sell 11,500 tickets, how much operating fixed costs can they afford to pay and still eam a profit of $100,000 (ignore taxes)? Submit Answer Tries 0/4