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The questions I need help with are on the last picture cells B2-B12. Valentine's Day Ball One-Variable Data Table: Attendees 2 # Attend Revenue Balance
The questions I need help with are on the last picture cells B2-B12.
Valentine's Day Ball One-Variable Data Table: Attendees 2 # Attend Revenue Balance 200 23,500.00$37,505.00-11,210.00 220 $ 25,000.00 38,163.50-10,089.00 240 26,500.00$ 38,822.00 -8,968.00 260 $ 28,000.00 39,480.50$7,847.00 280 S 29,500.00 40,139.00 -6,726 300 31,000.00$ 40,797.50$5,605.00 320 32,500.00$ 41,456.00$4,484.00 340 $ 34,000.00 42,114.503,363.00 360 $ 35,500.0042,773.00 2,242.00 380 37,000.0043,43150$ 1,121.00 400 $ 38,500.00 44,090.00 420 40,000.0044,748.50$ 1,121.00 440 41,500.0045,407.00$ 2,242.00 460 $ 43,000.00 46,065.503,363.00 480 $ 44,500.00 $ 46,724.00 4,484.00 50046,000.00$47,382.50$ 5,605.00 Input Section 4 No. of Attendees 5 %Attendees Using Valet 6 Cost per Chair Setup 7 Valet Parking per Car 8 Caterer's Meal Cost per Person 9 Ticket Price per Person 2.00 19.95 20.95 88.98 12 Maximum Attendees 13 Maximum Parking Stalls 14 Minimum Ticket Price 15 Maximum Ticket Price 16 240 50.00 5100.00 18 Student Club Contributions 19 Ticket Revenue 8,500 35,590 20 Total Income 44,090 Two-Variable Data Table: Attendees and Price Per Ticket # Attend 50.00 60.00 70.00 80.00 90.00 100.00 200 (19,005.00(17,005.00) $ 15,005.00(13,005.00) (11,005.00) (9,005.00) 220 (18,663.50(16,463.50) (14,263.50(12,063.50) (9,863.50) 7,663.50) 240 (18,322.00) $ (15,922.00)S (13,522.00)$ (11,122.00)(8,722.00) $ (6,322.00) 260 (17,980.50(15,380.50) S 12,780.50(10,180.50) 7,580.50) 5 (4,980.50) 280 (17,639.00(14,839.00) (12,039.00) (9,239.00) (6,439.00) (3,639.00) 300 (17,297.50(14,297.50) 11,297.50 (8,297.50) 5,297.50)5 2,297.50) 320 (16,956.00(13,756.00) $ (10,556.007,356.00) 4,156.00) (956.00) 340 (16,614.50(13,214.50)$ (9,814.50)(6,414.50) 3,014.50) $ 385.50 360 (16,273.00(12,673.00)(9,073.00)(5,473.00) $ (1,873.00) (1,727.00) 380 (15,931.50(12,131.50)(8,331.50(4,531.50) 731.50)5 (3,068.50) 400 (15,590.00(11,590.00) 7,590.00)(3,590.00) 410.00 4,410.00 20 (15,248.50) $ (11,048.50)$(6,848.50) (2,648.50) 1,551.50$ 5,751.50 440 (14,907.00(10,507.00) (6,107.00) (1,707.00) 2,693.007,093.00 460 (14,565.50 (9,965.50)5,365.50)(765.50)3,834.508,434.50 480 (14,224.00(9,424.00)$ (4,624.00) $ 176.00 4,976.009,776.00 500 (13,882.50 (8,882.50) (3,882.50)1,117.50$ 6,117.50 $11,117.50 23 Advertising 3,345 24 Ballroom Rental 25 Chairs/Table Setup 800 3,990 4,575 3,000 26 Valet Parking 27 Decorations 28 DJ Cost 29 Cleanup Costs 30 Meal Cost 8,380 5,000 31 Contingency 32 Total Expenses 44,090 34 35 36 37 38 Balance 41 42 Scenario Summarv 44 No. Attending 45 Meal cost/person 46 Ticket price/ person 47 Ballroom rental 48 Results cells 49 Total revenue 50 Total Expenses 51 Balance 52 200 17.95 $ 19.95 $ 22.95 500 300 12,500 12,500 11,995 11,995 46,000.00 42,500.00 $35,500.00 27,500.00 $ 44,882.50 42,890.00 39,992.50 37,400.00 $1,117.50$(390.00)(4,493.00) $ (9,900.00) Question Your Answers 1) What is the ticket price per person to balance the initial budget using Goal Seek? 2 3 2) For the one-variable data table, how many attendees creates the largest deficit? 4 3 For the one-variable data table, what is the largest deficit? 5 4) For the one-variable data table, how many attendees creates a break-even point? 65) For the two-variable data table, what ticket prices do not produce a break-even point? 6) For the two-variable data table, list the combinations of ticket prices and attendees that start generating profit. 7 8 9 10 7) For the scenario summary, which scenario provides the highest positive balance and by what amount? 11 8) For the scenario summary, which scenario provides a negative balance? What is the balance? 9) Is this balance close enough that you might achieve break even? How is this possible? 12 13 Valentine's Day Ball One-Variable Data Table: Attendees 2 # Attend Revenue Balance 200 23,500.00$37,505.00-11,210.00 220 $ 25,000.00 38,163.50-10,089.00 240 26,500.00$ 38,822.00 -8,968.00 260 $ 28,000.00 39,480.50$7,847.00 280 S 29,500.00 40,139.00 -6,726 300 31,000.00$ 40,797.50$5,605.00 320 32,500.00$ 41,456.00$4,484.00 340 $ 34,000.00 42,114.503,363.00 360 $ 35,500.0042,773.00 2,242.00 380 37,000.0043,43150$ 1,121.00 400 $ 38,500.00 44,090.00 420 40,000.0044,748.50$ 1,121.00 440 41,500.0045,407.00$ 2,242.00 460 $ 43,000.00 46,065.503,363.00 480 $ 44,500.00 $ 46,724.00 4,484.00 50046,000.00$47,382.50$ 5,605.00 Input Section 4 No. of Attendees 5 %Attendees Using Valet 6 Cost per Chair Setup 7 Valet Parking per Car 8 Caterer's Meal Cost per Person 9 Ticket Price per Person 2.00 19.95 20.95 88.98 12 Maximum Attendees 13 Maximum Parking Stalls 14 Minimum Ticket Price 15 Maximum Ticket Price 16 240 50.00 5100.00 18 Student Club Contributions 19 Ticket Revenue 8,500 35,590 20 Total Income 44,090 Two-Variable Data Table: Attendees and Price Per Ticket # Attend 50.00 60.00 70.00 80.00 90.00 100.00 200 (19,005.00(17,005.00) $ 15,005.00(13,005.00) (11,005.00) (9,005.00) 220 (18,663.50(16,463.50) (14,263.50(12,063.50) (9,863.50) 7,663.50) 240 (18,322.00) $ (15,922.00)S (13,522.00)$ (11,122.00)(8,722.00) $ (6,322.00) 260 (17,980.50(15,380.50) S 12,780.50(10,180.50) 7,580.50) 5 (4,980.50) 280 (17,639.00(14,839.00) (12,039.00) (9,239.00) (6,439.00) (3,639.00) 300 (17,297.50(14,297.50) 11,297.50 (8,297.50) 5,297.50)5 2,297.50) 320 (16,956.00(13,756.00) $ (10,556.007,356.00) 4,156.00) (956.00) 340 (16,614.50(13,214.50)$ (9,814.50)(6,414.50) 3,014.50) $ 385.50 360 (16,273.00(12,673.00)(9,073.00)(5,473.00) $ (1,873.00) (1,727.00) 380 (15,931.50(12,131.50)(8,331.50(4,531.50) 731.50)5 (3,068.50) 400 (15,590.00(11,590.00) 7,590.00)(3,590.00) 410.00 4,410.00 20 (15,248.50) $ (11,048.50)$(6,848.50) (2,648.50) 1,551.50$ 5,751.50 440 (14,907.00(10,507.00) (6,107.00) (1,707.00) 2,693.007,093.00 460 (14,565.50 (9,965.50)5,365.50)(765.50)3,834.508,434.50 480 (14,224.00(9,424.00)$ (4,624.00) $ 176.00 4,976.009,776.00 500 (13,882.50 (8,882.50) (3,882.50)1,117.50$ 6,117.50 $11,117.50 23 Advertising 3,345 24 Ballroom Rental 25 Chairs/Table Setup 800 3,990 4,575 3,000 26 Valet Parking 27 Decorations 28 DJ Cost 29 Cleanup Costs 30 Meal Cost 8,380 5,000 31 Contingency 32 Total Expenses 44,090 34 35 36 37 38 Balance 41 42 Scenario Summarv 44 No. Attending 45 Meal cost/person 46 Ticket price/ person 47 Ballroom rental 48 Results cells 49 Total revenue 50 Total Expenses 51 Balance 52 200 17.95 $ 19.95 $ 22.95 500 300 12,500 12,500 11,995 11,995 46,000.00 42,500.00 $35,500.00 27,500.00 $ 44,882.50 42,890.00 39,992.50 37,400.00 $1,117.50$(390.00)(4,493.00) $ (9,900.00) Question Your Answers 1) What is the ticket price per person to balance the initial budget using Goal Seek? 2 3 2) For the one-variable data table, how many attendees creates the largest deficit? 4 3 For the one-variable data table, what is the largest deficit? 5 4) For the one-variable data table, how many attendees creates a break-even point? 65) For the two-variable data table, what ticket prices do not produce a break-even point? 6) For the two-variable data table, list the combinations of ticket prices and attendees that start generating profit. 7 8 9 10 7) For the scenario summary, which scenario provides the highest positive balance and by what amount? 11 8) For the scenario summary, which scenario provides a negative balance? What is the balance? 9) Is this balance close enough that you might achieve break even? How is this possible? 12 13Step by Step Solution
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