Question
QUESTION 23 The Kendikei Literary Guild is planning its annual gala. The gala committee has assembed the following expected costs for the event: Dinner (per
QUESTION 23
The Kendikei Literary Guild is planning its annual gala. The gala committee has assembed the following expected costs for the event:
| Dinner (per person) |
|
|
| $ 21 |
| Favors and program (per person) |
| $ 2 | ||
| Band |
|
|
| $ 1,275 |
| Rental of ballroom |
|
|
| $ 510 |
| Professional entertainment during intermission | $ 1,020 | |||
| Tickets and advertising |
|
|
| $ 2,295 |
|
|
|
|
|
|
The committee members would like to charge $40 per person for the evening's activities.
If the committee sells 360 tickets, what is its margin of safety percentage? Round your answer to the closest whole percent. Do not include a percent sign in your response.
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
Supply Chain Management Accounting Managing Profitability Working Capital And Asset Utilization
Authors: Simon Templar
1st Edition
0749472995, 978-0749472993
