Using the information below, SOLVE the required Event Budget information:
_______________________________________________________________________________________________________________________

Overhead costs are estimated to be 30% of the event gross profit
________________________________________________________________________________________________________________________

Event Budget	 
Description	Total $	%
Revenue	 	 
Eary Bird Registration	$26,339	 ? ?  SOLVE ? ?
Regular Registration	$26,436	 
On-site Registration	$11,587	 
Sponsorships	$5,708	 
Merchandising Sales	$6,751	 
Total Revenue	  	 
Direct Expenses	 	 
AV	$25,062	
Bar Service	$38,296	 
Chattels	$6,039	 
Décor	$3,242	 
Food Stations	$22,898	 
Hors d'oeuvres	$6,359	 
Security	$5,333	 
Venue	$12,105	 
Total Direct Expenses	 	 
Gross Profit	 	 
Overhead Costs	 	 
Net Profit/-Loss	 	 
Type your answer in the textbox below.  Keep 1 decimal place, and express as a whole number, not as a decimal (ie 51.1% not .511).  Do not include % signs.  

To solve the event budget and find the required overhead costs, gross profit, and net profit, let's follow these steps:

### Step 1: Calculate the **Total Revenue**

We sum all the revenue sources:
\[
\text{Total Revenue} = 26,339 + 26,436 + 11,587 + 5,708 + 6,751 = 76,821
\]

### Step 2: Calculate the **Total Direct Expenses**

We sum all the direct expenses:
\[
\text{Total Direct Expenses} = 25,062 + 38,296 + 6,039 + 3,242 + 22,898 + 6,359 + 5,333 + 12,105 = 119,334
\]

### Step 3: Calculate the **Gross Profit**

Gross Profit is calculated as:
\[
\text{Gross Profit} = \text{Total Revenue} - \text{Total Direct Expenses}
\]
\[
\text{Gross Profit} = 76,821 - 119,334 = -42,513
\]

### Step 4: Calculate the **Overhead Costs**

Overhead costs are 30% of the gross profit. Given the gross profit is negative, we still calculate it as:
\[
\text{Overhead Costs} = 30\% \times (-42,513) = 0.30 \times (-42,513) = -12,754
\]

### Step 5: Calculate the **Net Profit/-Loss**

The net profit or loss is calculated as:
\[
\text{Net Profit} = \text{Gross Profit} - \text{Overhead Costs}
\]
\[
\text{Net Profit} = -42,513 - (-12,754) = -42,513 + 12,754 = -29,759
\]

### Step 6: Solve for the missing percentage (Early Bird Registration)

The percentage for Early Bird Registration is calculated as a proportion of the total revenue:
\[
\text{Percentage} = \left( \frac{26,339}{76,821} \right) \times 100 = 34.3
\]

### Summary of Results:
- Total Revenue: $76,821
- Total Direct Expenses: $119,334
- Gross Profit: -$42,513
- Overhead Costs: -$12,754
- Net Profit: -$29,759
- Early Bird Registration Percentage: 34.3%

Let me know if you'd like more details or have any questions!

Here are 5 related questions to explore:
1. How would increasing sponsorships affect the net profit?
2. What impact would a 10% increase in direct expenses have on the net profit?
3. How does changing the overhead cost percentage to 25% influence net profit?
4. If merchandising sales doubled, what would the new gross profit be?
5. How can reducing AV expenses by 20% help improve the budget?

**Tip**: Keeping track of individual cost categories helps in identifying where savings can be made to reduce overall event expenses.

Using the information below, SOLVE the required Event Budget information: Overhead costs are estimated to be 30% of the event gross profit. Event Budget Description: Total Revenue (Early Bird Registration $26,339, Regular Registration $26,436, On-site Registration $11,587, Sponsorships $5,708, Merchandising Sales $6,751), Total Direct Expenses (AV $25,062, Bar Service $38,296, Chattels $6,039, Décor $3,242, Food Stations $22,898, Hors d'oeuvres $6,359, Security $5,333, Venue $12,105). Find Total Revenue, Direct Expenses, Gross Profit, Overhead Costs, Net Profit, and Early Bird Registration Percentage.

Learn how to solve an event budget problem by calculating total revenue, direct expenses, gross profit, overhead costs, net profit, and percentage of early bird registration. This example covers key concepts of arithmetic and percentage calculations, suitable for students in Grades 9-12.

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