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Question 13 (1 point) A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $570
Question 13 (1 point) A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $570 for the event plus $14.90 per guest for food. The university has budgeted $815 for administrative and marketing expenses. It plans to hire a band, which will cost another $405. Tickets are expected to sell for $38.30 per guest. Ignore taxes. How many tickets must be sold if the university plans to raise $4,605 in net cash flow from this event? 253 260 267 274 281
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