The Beta Beta Gamma Club of Nashua College is planning a fund-raising campaign. BBG is considering the possibility of having Betty Earnst, an investment counselor, to address the public. Tickets would sell for $27 each. The school has agreed to let BBG use the auditorium at the Student Center at no cost but the club will spend about $2 per person for programs and complimentary refreshments. Ms. Earnst usually is paid $10,000 per speech. In similar communities in the past, Ms Earnst has drawn an audience of approximately 300-600 people.

Required: 1. How many tickets must BBG sell in order to break even? (Show all calculations)

2. How much will BBG earn if 430 people attend the speech? (Show all calculations)

3. How much will BBG lose if only 350 people attend the speech? (Show all calculations)

4. Ms Earnst said she would consider other payment arrangements since BBG is a "charity" group. The BBG President, Mindy Jones wants to offer Ms Earnst flat fee of $9,000. How many $27 tickets (with refreshments) must BBG sell in order to breakeven?

5. After much discussion, BBG has decided to sell tickets for $24 with no refreshments or programs. In addition, Ms Earnst has agreed to speak for $9,500. Approximately how many tickets must BBG sell in order for the club to make $700 for the club? ( Round up your final answer to an exact number of tickets if necessary.)

6. What qualitative factors do you think the club should consider in order to help make the event a success?