$3-16$ CVP$,$ not$-$for$-$profit. $($LO $3)$ Genesee Music Society is a not$-$for$-$profit

organization that brings guest artists to the community's greater metropolitan

area. The music society just leased a small concert hall in the centre of town to

house its performances. The lease payments on the concert hall are expected to

be $$4,000$ per month. The organization pays its guest performers $$1,800$ per

concert and anticipates corresponding ticket sales to be $$4,500$ per concert. The

music society also incurs costs of approximately $$1,000$ per concert for

marketing and advertising. The organization pays its artistic director $$33,000$

per year and expects to receive $$30,000$ in donations in addition to its ticket

sales.

Required

If the Genesee Music Society just breaks even, how many concerts does it

hold?

In addition to the organization's artistic director, the music society would

like to hire a marketing director for $$25,500$ per year. What is the

breakeven point? The music society anticipates that the addition of a

marketing director would allow the organization to increase the number

of concerts to $41$ per year. What is the music society's operating

income $/($loss$)$ if it hires the new marketing director?

The music society expects to receive a grant that would provide the

organization with an additional $$17,000$ toward the payment of the

marketing director's salary. What is the breakeven point if the music

society hires the marketing director and receives the grant?