is 1500 seats

Ticket price $25 Variable costs $10 Fixed costs 4,000 It is expected that you will have 4 shows and that each show will be about 70% full. For the full run of the show (all 4 shows) For each question below use the information given to answer the question. Show all work 7. What is the Net Operating Income for this show? 8. What is the Breakeve'n point for this show in units(seats)? Compare this to the expected number of units sold. Explain how this impacts the theater's profits 9. Will Flight of the Hippogriff meet the target profit set by the board? 10. What is the margin of Safety? 11. The performers in Flight of Hippogriff like to have a very full audience. They discuss dropping ticket prices to $20. They think the shows will be 80% full with a price decrease. Do they have a good idea? Explain why or why. Support your position with calculations. 12. The board is thinking about spending an additional $1,500 on advertising. They estimate an increase of 2,000 seats sold. Do they have a good idea? Explain why or why. Support your position with calculations. 13. Calculate the degree of operating leverage for bothshows. 14. Compare and contrast the price structure for the too shows? Detail the advantages and disadvantages. Be sure to use vocabulary from chapter 5 15. Community theater serves a greater purpose than mere profits. The board would like to raise prices of all tickets to $30. What are your thoughts on the price increase? What are the advantages or disadvantages? Given the information above would you recommend a price increase? Why or why not