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

$4,000

per month. The organization pays its guest performers

$1,800

per concert and anticipates corresponding ticket sales to be

$4,500

per concert. The music society also incurs costs of approximately

$1,000

per concert for marketing and advertising. The organization pays its artistic director

$33,000

per year and expects to receive

$30,000

in donations in addition to its ticket sales.Read the requirement.

.

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)

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 ( Fixed costs Fixed income ): CM per concert = even Req. 1 ) 1 Requirements 1. 2. If the Bronx Music Society just breaks even, how many concerts does it hold? In addition to the organization's artistic director, the music society would like to hire a marketing director for $25,500 per year. What is the breakeven point? The music society anticipates that the addition of a marketing director would allow the organization to increase the number of concerts to 36 per year. What is the music society's operating income/loss) if it hires the new marketing director? The music society expects to receive a grant that would provide the organization with an additional $17,000 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? 3