a. What is the break-even point for the seminar (in participants and pesos)?

b. What is the margin of safety if 150 participants pay and attend?

c. Provide an analysis of the profit at different levels of attendance.

- 50% of 150 participants

- 75% of 150

- 80% of 150

- 100% of 150

Consult, Inc. is a domestic corporation that offers, among others, business seminars. These seminars help update the knowledge of corporate officers and employees. Consult, Inc. caters to participants who are sponsored by their employers. At present, the company is very busy preparing for a seminar to be held next month. This is one big event, since this is the company's first seminar where the resources speaker is a foreign national. Consult, Inc.'s president, Mr. Phensitpa Labok, got the idea for this seminar from a close friend, the president of another company who just came from a business convention in Singapore. According to him, he was so lucky he attended such convention because one of the speakers was Mr. Lum Pya Shanghai, a business systems expert and author of the internationally known book on Business Systems. The convention, he said, was a big success. Mr. Labok picked up from there. He contacted Mr. Shanghai and inquired about the possibility of the latter's coming to manila and be the corporation's guest speaker. Mr. Shanghai accepted the invitation. Consult, Inc., then sent letters' brochures about the seminar to the officers of the top 1,000 corporations in the Philippines. As of today, Consult, Inc. has received confirmation from 150 sponsored participants. Deadline for payment of the seminar fee is on the first day of the seminar month. The seminar will be held for two (2) days. The seminar fee is P15,000 per participant. Seminar- related expenses are estimated as follows: P 300,000 24,000 60,000 36,000 Guest speaker's fee (for 2 days) Accommodations - guest speaker and his accompanying staff Plane ticket and other transportation costs - guest speaker and party Other fixed costs for the seminar Expenses for each participant: Seminar kit Hotel accommodations for the duration of the seminar, including meals and snacks Other variable costs 1,000 5,000 2,000 Mr. Labok is very excited. He said that Consult, Inc. will earn a big amount of profit if all confirmed participants will pay and attend the seminar. He also said that even if some of the 150 confirmed participants would back out, the company would not incur a loss. This, according to him, is based on the break-even analysis prepared by the company's accountant