The College is planning a concert.  Maximum capacity for the concert venue is 3,000.  tickets will be sold for $25 per ticket.  The college estimates that costs of producing the concert to be 2,500 plus the cost of the band.   Alternative A a fee of $8,000 and $5 per tickets; or Alternative B - $8.00 per ticket sold Question 1.  If you expect to see 3,000 tickets, which alternative produces the highest profit?

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Income Statement

Income Statement also commonly called a profit and loss statement, one of the key financial statements (considered together with balance sheet and cash flow statement) which shows the revenues and expenses, as well as the gains and losses of a company for a given period. In other words, it presents the financial performance/profitability of a business over a specified accounting period.