Question: Solve missing values Year 1 Year 2 Year 3 Year 4 INCOME Grant - PMA Trust 235,215 235,215 ? ?
Solve missing values
| Year 1 | Year 2 | Year 3 | Year 4 | |
| INCOME | ||||
| Grant - PMA Trust | 235,215 | 235,215 | ? | ? |
| Ticket sales | 2,000,000 | 2,000,000 | 3,000,000 | 1,500,000 |
| Voting Fees | 0 | 0 | 0 | 3,000,000 |
| Broadcasting rights | 175,000 | 175,000 | 250,000 | 750,000 |
| Merchandise sales | 250,000 | 250,000 | 450,000 | 450,000 |
| Sponsorship income | 2,500,000 | 2,500,000 | 3,500,000 | 0 |
| TOTAL INCOME | ? | ? | ? | ? |
| EXPENDITURE | ||||
| Marketing and PR | 175,000 | 350,000 | 550,000 | 500,000 |
| Social media | 15,000 | 50,500 | 66,500 | 68,000 |
| Artist liaison | 1,500,000 | 2,500,000 | 3,000,000 | 0 |
| Venue hire - O2 | 350,000 | 350,000 | 550,000 | 0 |
| Nominations launch event | 175,000 | 175,000 | 250,000 | 250,000 |
| PMA Social Squad salaries | 0 | 0 | 1,000,000 | 4,050,000 |
| Admin salaries | 300,000 | 300,000 | 325,000 | 325,000 |
| Stationery and print | 2,500 | 2,500 | 2,500 | 450,000 |
| Event security | 35,215 | 35,215 | ? | ? |
| Green room catering | 15,000 | 15,000 | 30,000 | 580,000 |
| Swag (gift) bags | 250,000 | 250,000 | 500,000 | 550,000 |
| Volunteer welfare | 4,500 | 4,500 | 6,000 | 50,000 |
| Special effects | 100,000 | 100,000 | 250,000 | 2,500 |
| Staging and rigging | 200,000 | 200,000 | 345,000 | 34,500 |
| Décor and awards | 375,000 | 375,000 | 500,000 | 5,000,000 |
| TOTAL EXPENDITURE | ? | ? | ? | ? |
| NET PROFIT (LOSS) | ? | ? | ? | ? |
Step by Step Solution
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Solution To solve for the missing values we need to use the information provided in the table to find the relationships between the different items We can start by looking at the income statement 1 Gr... View full answer
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