Question
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) $
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) | $ | 30 |
| Favors and program (per person) | $ | 3 |
| Band | $ | 1,260 |
| Rental of ballroom | $ | 630 |
| Professional entertainment during intermission | $ | 1,260 |
| Tickets and advertising | $ | 3,150 |
The committee members would like to charge $54 per person for the evenings activities.
Exercise 5-16 Part 1
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 200 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even?
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File Centric Audit And Protection The Ultimate Step By Step Guide Practical Tool For Self Assessment
Authors: Gerardus Blokdyk
1st Edition
0655338705, 978-0655338703
