Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the registration fee that participants in a one-day conference must be charged so that the event makes a $1000 profit. You will need to create

the registration fee that participants in a one-day conference must be charged so that the event makes a $1000 profit. You will need to create an Income and Expenditure Budget to do this. (*Excel Spreadsheet provided). Assignment Instructions: You are planning a one-day conference and you hope to make $1,000 profit out of it. The expected number of persons attending is 100. The conference program will have four (4) speakers and each will be paid $150 for their services on the day. The venue is a hotel function room and it will cost $1,000 for the day. Other expected costs include: Advertising $1,000, photocopying and printing $500, flowers and shrubs $200, table linen $100, giveaway stationery $200, and food and refreshments for all the participants at $10 per head. What you must find out! How much registration fees will you need to charge each conference participant to make the target $1,000 profit if you have 100 registrations?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Intelligence

Authors: Efraim Turban, Ramesh Sharda, ...more

2nd Edition

013610066X, 9780136100669

More Books

Students also viewed these General Management questions

Question

6. How do marketers attempt to shape consumers' learning?

Answered: 1 week ago