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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: Dinner (per person) Favors
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 $9 $4 $600 $1,900 $2,000 $700 The committee members would like to charge $39 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 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? (Round your answer to 2 decimal places.) Ticket price per person to break even
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