You are the manager of a DJ. You want to book a concert hall that has a 1,400 seat capacity. The venue has 900 seats on the floor for General Admission and 500 reserved seats in the balcony. As the manager, your split will be 20% of all net revenue from the show. Using past shows and performances that are similar to your band, it is determined that ticket prices will be $30 general admission at an 80% sell through and $35 reserved seating at a 70% sell through. With the exception of a 3% credit card fee which is included in your ticket prices, all other service charges and taxes are added onto the ticket price. The rent for the venue is $15,000. You will need to pay a 20% non-refundable deposit to hold the date and the remainder is paid on the night of the event. In advance of the event you need to pay liability insurance of $700 and $4,000 to your publicist. To protect the DJ and patrons, you hire 6 security guards at a cost of $150 each for the show. As a way to general additional revenue, a local dispensary will pay a sponsorship fee of $2,000.

a. What is the total event revenue (5+7+8)? b. What are the total pre-production Expenses (9)? c. What are the total expenses (9+10+11)? d. If the band wanted to earn $10,000 for the show, would you host this event? Yes or No