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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

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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) $ 11
Favors and program (per person) $ 2
Band $ 1,980
Rental of ballroom $ 990
Professional entertainment during intermission $ 990
Tickets and advertising $ 2,640

The committee members would like to charge $24 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 500 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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