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AutoSave . Off) Lab Assignment 1 (1) - Protected View - Saved to this PC O Search Hung Duong HD X File Home Insert Draw Design Layout References Mailings Review View Help Acrobat Share Comments i PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X Question 4 (5 marks) Linda Olson owns an event planning business. For the latest event, costs are estimated to be $20,000. Similar past events show that 30 people will likely attend, so Linda plans the event to cost $667 per person and decides to charge $800 per person, to make a profit. Her projected profits are calculated as: Projected Per Profits Totals Person Revenues $ 24,000 $ 800 Expenses 20,000 $ 667 Expected Proft 4,000 $ 133 After the event, Linda calculates her actual profits and realizes she has incurred a loss. Actual results report that 20 people had attended. Actual Per Profits Totals Person Revenues $ 16,000 $ 800 Expenses 20,000 $ 1,000 Actual Loss (4,000) $ 2 Required Discuss why Linda failed to earn a profit. Page 4 of 5 898 words Focus + 100% W D - 4X ENG 11:46 PM 2021-01-25 726