Overview Your task is to work out the registration fee that participants in a one-day HIM conference must be charged so that the event makes a $1,000 profit. You will need to create a Revenue and Expense Budget to do this. Instructions You are planning a one-day continuing education conference and you hope to make $1,000 profit out of it. The expected number of participants is 100. The conference program will have three (3) speakers and each will be paid $200 for their services on the day. The venue is a hospital conference room and the facility will charge $500 for utilities and services for the day. Other expected costs include: . Pre-event Advertising $1,000 Photocopying and printing $500 . Flowers $200 . Table linen rental $200 Food and refreshments $15 per participant Use the Practice Worksheet #2 Worksheet (an Excel spreadsheet) to calculate income and expenditures. Submit your worksheet and your answers to the questions below. 1. How much in registration fees will you need to charge each conference participant to make the target $1,000 profit if you have 100 registrations? 2. Is this an operating budget or a capital budget? Why? 3. Which of the expenses on the budget are fixed? Which are variable? 4. How many HIM professionals must register for the conference for it to be at the break- even point