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The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event $7 Dinner (per person)
The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event $7 Dinner (per person) Favors and program (per person) $4. $300 Band Rental of ballroom $1,700 Professional entertainment during intermission $4,000 $600 Tickets and advertising The committee members would like to charge $33 per person for the evening's activities Required: 1. Compute the break-even point for the dinner-dance (in terms of the number of persons who must attend) Break-even point persons 2. Assume that last year only 250 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 2 decimal places.) Ticket price per person to break even
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