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Required information Exercise 2-16 (Algo) Break-Even Analysis and CVP Graphing [LO2-2, LO2-4, LO2-5] Skip to question [The following information applies to the questions displayed below.]
Required information Exercise 2-16 (Algo) Break-Even Analysis and CVP Graphing [LO2-2, LO2-4, LO2-5] Skip to question [The following information applies to the questions displayed below.] The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event: Dinner (per person) $ 17 Favors and program (per person) $ 3 Band $ 600 Rental of ballroom $ 200 Professional entertainment during intermission $ 400 Tickets and advertising $ 800 The committee members would like to charge $30 per person for the evenings activities. Exercise 2-16 (Algo) Part 1 Required: What is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 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? Note: Round your answer to the nearest whole dollar amount
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