One of the mojor activitien of the Ciry Art Museum (CAM) is a Neighborhood Outreach Program, which was developed both as a public service and to morket the museum and its other programs. One of the Outreach offerings, which is popular with both ciky and tuburban reitdens, is the weekly Evening Lecture Series. The Serien provides lecturen on focal art and history in various locations throughout the greater metropolitan ares. A new museum drector has been hired with the goal to make the museum more self-sutaining and less reliant on donations and govemment grants One of the director's first actions was to ask the museum staff to put together detailed financial information on the individual activities. The result ahown in the accompanying toble, indicates that the setter operates at a lost The director is considering canceling the program if the loss cannot be eliminated. After discussions with various staft, the director concludes that raising the fees for attending the lectures is not possible given current economic conditions in the area. The director has asked you for your recommendation. If the Series is cancelled, the total museum overhead is not expected to chonge, However, the other costs, which are directly related to the program fecturer fees, space rental, and so on) would be saved. Dropping the Series will not affect the costs or operatons of any of the other Outreach programs. Required: a. Using the worksheet below, determine which revenues and costs are probably differentiai for the decision to drop the Evening tecture Series. b. What will be the net effect on the museum's contribution (profit) if the Series is concelled? Complete this question by entering vour answers in the tabs below. Using the workshect below, determine which revenues and costs are probably differential for the decision to drop the Evening Lecture Series. the program (fecturer fees, spoce rental, and no on) would be saved. Dropping the Series will not affect the costs ar operabons of any of the other Outreoch progroms. Required: o. Using the worksheet below, determine which revenues and costs are probably differential for the decision to drop the Evening Lecture Series b. What will be the net effect on the museum's contribution (profit) if the Series is cancelled? Complete this question by entering vour answers in the tabs below. Using the workshert below, determine which revenues and costs are probably differential for the decision to drop the Evening lecture Series. The director is considiering canceling the peogram if the loss cannot be eliminated. Alter discussions with various staff, the director has atked you for your recommendation. If the Serles is cancelled, the total museum overhead is not expected to change, However, the other costs, Which are directly related to the program (lecturer fees, space rental, and so onj would be sayed. Dropping the Series will not affect the conts or operations of any of the other Outreach progroms Required: a. Uning the worksheer below, determine which revenues and costs are probably ditfereritial for the decision to drop the Eveoing Lecture Series. b. What will be the net effect on the museum's contribution (profit) if the serfer is concelled? Complete this question by entering vour answers in the tabs below. What will be the not effect on the museum's contribution (profit) if the series is cancelled
