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Chapter 5 Exercises 0 Saved Required information [The following information applies to the questions displayed below.] Part 2 of 2 The Hartford Symphony Guild is
Chapter 5 Exercises 0 Saved Required information [The following information applies to the questions displayed below.] Part 2 of 2 The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event: points Dinner (per person) $ 16 Favors and program (per person) $ 2 Band $1,250 Rental of ballroom $ 500 Professional entertainment during intermission $ 750 Tickets and advertising $2,500 eBook Ask The committee members would like to charge $28 per person for the evening's activities. Print 3. Refer to the original data ($28 ticket price per person). Prepare a CVP graph for the dinner-dance from zero tickets up to 600 tickets sold. (Use the line tool to draw three single lines (Total Sales Revenue, Fixed Expenses, Total Expenses). Each line should only contain the two endpoints. For the CVP Graph to grade correctly, you must enter the exact coordinates of each endpoint. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co- ordinates for your points as needed. To remove a line/point from the graph, click on the line/point and select delete option.) References Cost-volume-profit graph Total Sales Fixed Expense $20.000 $24.000 $22.000 520.000 $10,000 Total Expense 518,000 Break $12.000 Even Point $10.000 * 100 200 300 400 so 600 700 Number of Persons
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