Playhouse Square in Cleveland regularly hosts touring companies of Broadway shows. Playhouse Square negotiates a contract with the producers of the Broadway show in which the show runs for a predetermined number of performances, Playhouse Square takes in revenue from the tickets that they sell for the performances, and they pay the producers of the show a set fee. Playhouse Square is currently negotiating to host “The Lion King.” While they are negotiating the contract, they need to estimate their future sales and profitability to determine how many performances they need to book the show for.

Playhouse Square plans to book “The Lion King” for a month, which will cost them a flat fee of $300,000. The theater in which the show was booked holds 1,000 seats. They expect to sell tickets to the show at their usual Broadway price of $50.00 per ticket.

To support the run of “The Lion King,” Playhouse Square will need to provide 30 employees. Playhouse Square pays their employees $15.00 per hour, and they expect the stagehands to work 6 hours per performance. They will also need to print 3000 programs for each performance at a cost of $200 per performance, and to order food for the concessions stand at a cost of $1800 per performance. The cost of marketing the show is budgeted to be $200,000. Finally, Playhouse Square also needs to cover their overhead costs of $200,000 per month and salary costs of $150,000 per month.Please apply the knowledge points in the PDF document to complete the job in the word document, please specify the calculation process