Superior Human Resource Consultants are putting on a seminar on Talent Acquisition and Onboarding.Tickets are expected to sell for $150.00 each.Total fixed costs to rent the venue are $3,500.Variable costs for seminar booklets are $125.

Required:

1.Calculate the number of tickets that Maxim Consultants must sell to earn an operating profit of $5,000.

2.Prepare a contribution margin income statement based on the number of units calculated.

3.If the fixed cost to rent the venue increases to 6,000, calculate the number of tickets that need to be sold to break even.