2) Assume the following scenario: Your hall seats 3,000. Ticket prices are $28. You sell 3000 seats.
Question:
2) Assume the following scenario: Your hall seats 3,000. Ticket prices are $28. You sell 3000 seats. Assume a guarantee of $30,000 to the headliner and other expenses of $25,000. Figure the following deals:
a) Guarantee with promoter profit of 15% PLUS an 85/15 split. Promoter makes ____23310_________________. Artist makes _____60690____________________________.
b) Guarantee PLUS an 80/20 split. Promoter makes _______________________. Artist makes ___________________________________.
c) Percentage of the Adjusted Gross (60%) Door Deal. Promoter makes _______________________ Artist makes ___________________________________
d) Guarantee vs. Percentage of NET (60%) VERSUS DEAL. Promoter makes ________________________ Artist makes ___________________________________
Auditing and Assurance Services A Systematic Approach
ISBN: 978-0077732509
10th edition
Authors: William Messier Jr, Steven Glover, Douglas Prawitt