{"iconType":"icon","icon":"plus","color":"#981d99","hotspots":[{"position":{"x":17.2,"y":50.524366425304876},"alwaysFullscreen":true,"content":[{"params":{"text":"

Profit is when Revenue gained is greater than Event expenses<\/p>\n\n

Profit is what most businesses are trying to achieve<\/p>\n\n

Income \u2013 Expenses = Profit<\/p>\n\n

Example<\/strong> <\/p>\n\n

Income from an event $10,000.00<\/p>\n\n

Minus Expenses from an event $8,500.00<\/p>\n\n

\n
Profit would be $1,500.00<\/p>\n"},"library":"H5P.Text 1.1","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"},"subContentId":"7302ac17-e98e-471a-8a7a-d03bef2fb80c"}],"header":"Profit"},{"position":{"x":50.4,"y":50.91463414634146},"alwaysFullscreen":true,"content":[{"params":{"text":"
Break even is when Revenue gained is Equal to the Event expenses<\/p>\n\n
Revenue from sources such as Registration fees, ticket sales, exhibit fees and Sponsorship cover the cost of the event<\/p>\n\n
Income = Expenses = Breakeven<\/p>\n\n
Example<\/strong> <\/p>\n\n
Income from an event $10,000.00<\/p>\n\n
Minus Expenses from an event $10,000.00<\/p>\n\n
\n
Profit would be $.00<\/p>\n\n
There are no losses but also no gains<\/p>\n"},"library":"H5P.Text 1.1","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"},"subContentId":"822a1260-1209-4ce1-906a-655981df5f1b"}],"header":"Break even"},{"position":{"x":85.2,"y":50.23163586128049},"alwaysFullscreen":true,"content":[{"params":{"text":"
Deficit is when Revenue gained is Less than Event expenses<\/p>\n\n
Income < Expenses = Deficit<\/p>\n\n
Example<\/strong> <\/p>\n\n
Income from an event $8,500.00<\/p>\n\n
Minus Expenses from an event $10,000.00<\/p>\n\n
\n
The defecit would be $1,500.00<\/p>\n\n
There would be a loss of money<\/p>\n\n
<\/p>\n"},"library":"H5P.Text 1.1","metadata":{"contentType":"Text","license":"U","title":"Untitled Text"},"subContentId":"595b4847-bd70-4354-b8e9-0da66071e866"}],"header":"Deficit"}],"hotspotNumberLabel":"Hotspot #num","closeButtonLabel":"Close","image":{"path":"images\/image-5f564d8552bdf.png","mime":"image\/png","copyright":{"license":"U"},"width":2000,"height":1600}}

Budget Philosophy

Nicole Bailey