Required information [The following information applies to the questions displayed below.] The Hartford Symphony Guild is...

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Required information [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) Favors and program (per person) Band Rental of ballroom Professional entertainment during intermission Tickets and advertising $ 24 $ 2 $1,400 $ 700 $1,400 $3,500 The committee members would like to charge $40 per person for the evening's 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 400 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even? 1. Break-even point persons 2. Ticket price per person to break even Required information [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) Favors and program (per person) Band Rental of ballroom Professional entertainment during intermission Tickets and advertising $ 24 $ 2 $1,400 $ 700 $1,400 $3,500 The committee members would like to charge $40 per person for the evening's 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 400 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even? 1. Break-even point persons 2. Ticket price per person to break even