Answered step by step
Verified Expert Solution
Question
1 Approved Answer
It can be an excell or ppt of 12 slides. Please break it down as much a possible into subtitles etc so that I can
It can be an excell or ppt of 12 slides. Please break it down as much a possible into subtitles etc so that I can understand it. I will use this as a guide. thanks
ACTIVITIES: FINANCIAL PLANNING CHAPTER 1. Students determine an event they wish to organize a. Students prepare budget for the event, using the Sample Budget i Three variations of the budget should be prepared 1. One showing a profit 2. One showing break-even 3. One showing a loss b. Usin fina profi iAc grc ii S Attendee Registration Fee-Break-Even Calculation When Number of Attendees Is Known Determine fixed costs (include line items for desired profit and contingency expenses) Determine variable costs Variable costs = variable costs per person times the number of persons Add the total fixed costs plus the total variable costs Calculate the break-even point by dividing total costs by the number of attendees. Exhibitor/Sponsor Return on Investment Gross sales generated from sales leads Total cost of execution = Rerurn on Investment Attendee Registration Fee-Break-Even Calculation When Registration Fee Is Known Subtract the per person variable costs from the known registration fee to arrive at the contribution margin. Divide the total fixed cosis by the contribution margin to arrive at the number of attendees required to reach the break-even point Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started