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need the total sales, fixed expense, and total expense lines for the graph The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee
need the total sales, fixed expense, and total expense lines for the graph
The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event: $14 Dinner (per person) Favors and program (per person) $7 $1,800 Band $1,100 Rental of ballroom Professional entertainment during intermission $2,000 $700 Tickets and advertising The committee members would like to charge $49 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 persons 2. Assume that last year only 350 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 evenStep by Step Solution
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