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Need help in completing the CVP graph in part 3. The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance commi ttee has assembled
Need help in completing the CVP graph in part 3.
The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance commi ttee has assembled the following expected costs for the event: $7 Dinner (per person) Favors and program (per person) $300 Band $1,700 Rental of ballroom Professional entertainment during intermission $4,000 Tickets and advertising $600 The committee members would like to charge $33 per person for the evening's activities. Required 1. Compute the break-even point for the dinner-dance (in terms of the number of persons who must attend) Break-even point 300 persons 2. Assume that last year only 250 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 2 decimal places.) Ticket price per person to break even 5 59.40Step by Step Solution
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