Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please do in excel and show formulas used, Thank you! A B D E F G H I J K L M N 4 The
Please do in excel and show formulas used, Thank you!
A B D E F G H I J K L M N 4 The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of the programs offered by the center is a quarterly Business Intelligence Symposium. Each symposium features three speakers on the real-world use of analytics. Each corporate member of the center (there are currently 10) receives 7 free seats to each symposium. Nonmembers wishing to attend must pay $100 per person. Each attendee receives breakfast, lunch, and free parking. The following are the costs incurred for putting on this event (15 Points): 5 6 7 8 1. Build a spreadsheet model that calculates a profit (Revenues-Costs) or loss based on the number of nonmember registrants. registrants that will make the event break even (meaning profit equals $0). 9 2. Use Goal Seek to find the number of nonmember 10 11 12 13 14 15 16 250 Rental cost for the auditorium $ Registration processing 17 $ 14 per person 18 Speaker costs $ 3,300 3 speakers at $1100 19 Breakfast $ 7 per person 20 Lunch 9 per person 21 Parking 10 per person 22 23 24 25 26 27 28 29 1 2 3 $ $ A B D E F G H I J K L M N 4 The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of the programs offered by the center is a quarterly Business Intelligence Symposium. Each symposium features three speakers on the real-world use of analytics. Each corporate member of the center (there are currently 10) receives 7 free seats to each symposium. Nonmembers wishing to attend must pay $100 per person. Each attendee receives breakfast, lunch, and free parking. The following are the costs incurred for putting on this event (15 Points): 5 6 7 8 1. Build a spreadsheet model that calculates a profit (Revenues-Costs) or loss based on the number of nonmember registrants. registrants that will make the event break even (meaning profit equals $0). 9 2. Use Goal Seek to find the number of nonmember 10 11 12 13 14 15 16 250 Rental cost for the auditorium $ Registration processing 17 $ 14 per person 18 Speaker costs $ 3,300 3 speakers at $1100 19 Breakfast $ 7 per person 20 Lunch 9 per person 21 Parking 10 per person 22 23 24 25 26 27 28 29 1 2 3 $ $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