ThirdEye Pictures Company operates in the leisure and entertainment industry and one of its activities is to promote concerts at locations throughout the Asian countries. The company is examining the viability of a concert in Kuala Lumpur. Estimated fixed costs are as follow: fees paid to performers (RM35,000), the rental of venue (RM15,000) and promotion costs (RM10,000). Variable costs consist of the cost of a pre-packed buffet that will be provided by a firm of caterers at a price which is currently being negotiated, but it is likely to be in the region of RM10 per ticket sold. The proposed price for the sale of a ticket is RM20. The management of ThirdEye have requested the following information: 1) The number of tickets that must be sold to break even (that is, the point at which there is neither a profit nor loss). (2 marks) 2) How many tickets must be sold to earn RM50,000 target profit? (2 marks) 4 3) What profit would result IF 10,000 units were sold? (2 marks) 4) What selling price would have to be charged to give a profit of RM 30,000 on sales of 8,000 tickets, fixed costs of RM60,000 and variable costs of RM10 per ticket? (2 marks) 5) How many additional tickets must be sold to cover the extra cost of television advertising of RM 8,000?