Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The University of Cincinnati Center for Analytics is organizing an event. The Center is sponsored by 15 Companies. Employees of these sponsor companies could register

The University of Cincinnati Center for Analytics is organizing an event. The Center is sponsored by 15 Companies. Employees of these sponsor companies could register for the event, free of charge. 6 employees from each of the companies have registered. Registration fee for the general public is $90 per person. 135 individuals from the general public have registered to attend the event. All attendees receive breakfast, lunch and parking free of cost. The Caterer charges the Center, based on the total number of people registering. The Center pays the parking fee for only those who attend the event. Non-attendees who paid a Registration Fee will receive a 55% refund. On the day of the event, a total of 5 registrants from the sponsor companies do not show up. Also, there are 12 no-shows from among the general public registrants. (a) Build a spreadsheet model that calculates a profit or loss to the Center. (b) Use a two-way table to show how profit changes by number of public registrants and no-shows. Vary the number of general public registrants from 100 to 160 in increments of 10. Vary the number of no-shows among general public registrants from 10 to 20 in increments of 1. Other Information: Expenses incurred by the Center: Rental cost for the auditorium: $1,300 Processing cost (Badges, Brochures, Welcome desk, etc.): $10.50 per person registering Speaker Costs: 4 speakers at $1250 each Breakfast: $5.20 per person registering Lunch: $9.50 per person registering Coffee, Tea, Soft drinks: $2.40 per person attending Parking: $7.00 per person attending Refund to non-attendees: 55% of Registration fee received Fixed cost: $6,300 Registrant cost: $25.20

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

Contemporary Business Mathematics with Canadian Applications

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

11th edition

134141083, 978-0134141084

More Books

Students also viewed these Finance questions

Question

Review the history of forensic psychology in the United States.

Answered: 1 week ago

Question

humankind's best days lie ahead's Works Cited page

Answered: 1 week ago