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Need some help with this essay question for accounting. Essay 3 Seattle Art Museum is considering catering birthday parties for members as a way to
Need some help with this essay question for accounting.
Essay 3 Seattle Art Museum is considering catering birthday parties for members as a way to generate additional revenue. The costs associated with each party are staff - $90, cake and food - $60, decorations - $30. In addition, party favors are $5 per child. 1. Find the breakeven price per child assuming that 12 children attend each party 2. The Museum expects to make a profit of $300 on every party. Find the price per child to break even and produce the $300 profit on every party (assume 12 children will be attending each party)Step by Step Solution
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