Question
Required information 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
Required information
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[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) | $ 13 |
---|---|
Favors and program (per person) | $ 3 |
Band | $ 1,000 |
Rental of ballroom | $ 600 |
Professional entertainment during intermission | $ 400 |
Tickets and advertising | $ 2,000 |
The committee members would like to charge $36 per person for the evenings 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? (Round your answer to the nearest whole dollar amount.)
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