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The Accounting Club is planning its annual Riverboat Extravaganza. The Extravaganza committee has assembled the following expected costs for the event: Dinner (per person) $7
The Accounting Club is planning its annual Riverboat Extravaganza. The Extravaganza committee has assembled the following expected costs for the event: Dinner (per person) $7 Favors and program (per person) $ 3 Band $1,500 Tickets and advertising Riverboat Rental $ 700 $4,800 $1,000 Floorshow and strolling entertainers The Committee would like to charge $30 per person for the evening. a) Compute the break-even point for the Extravaganza (in terms of the number of persons that must attend). b) The Social Director estimates that 800 people will attend. If her forecast is correct, how much would they have to charge each person to breakeven on the event
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