Question

The Parent Teacher Association (PTA) of Meadow High School is planning a fund-raising campaign. The PTA is considering the possibility of hiring Eric Logan, a world-renowned investment counselor, to address the public. Tickets would sell for $34 each. The school has agreed to let the PTA use Harville Auditorium at no cost. Mr. Logan is willing to accept one of two compensation arrangements. He will sign an agreement to receive a fixed fee of $11,400 regardless of the number of tickets sold. Alternatively, he will accept payment of $19 per ticket sold. In communities similar to that in which Meadow is located, Mr. Logan has drawn an audience of approximately 600 people.

Revenue

Cost of speaker

Net Income

Answer 1