Chapter 5 - Homework 2 - Algorithmic Saved Seved Help Save & Exit Submit Check my work 6 30 points Required information Exercise 5-16 (Algo) Break-Even Analysis and CVP Graphing (LO5-2, LO5-4, LO5-5) [The following information applies to the questions displayed below.] The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event: eBook Print Dinner per person) Favors and program (per person) Band Rental of ballroom Professional entertainment during intermission Tickets and advertising $ 16 $ 2 $1,250 $ 500 $ 750 $2,500 References The committee members would like to charge $28 per person for the evening's activities. Exercise 5-16 (Algo) Part 1 Required: 1. What is the break-even point for the dinner-dance (In terms of the number of persons who must attend)? 2. Assume that last year only 400 persons attended the dinner-dance. If the same number attend this year , what price per ticket must be charged in order to break even? (Round your answer to the nearest whole dollar amount.) persons 1. Break-even point 2. Ticket price per person to break even