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Please show me visual step by step guidance to the right answer! Thanks! Required information The following information applies to the questions displayed below.) The
Please show me visual step by step guidance to the right answer! Thanks!
Required information The following information applies to the questions displayed below.) The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance com the following expected costs for the event: Dinner (per person) Favors and program (per person)2 $ 11 Band Rental of ballroom Professional entertainment during intermission Tickets and advertising $1,140 $ 570 $ 760 $1,330 "The committee members would like to charge $32 per person for the evening's activities. ** Required: 1. What is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. Assume that last year only 100 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even? 1. Break-even point 2. Ticket price per person to break even personsStep by Step Solution
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