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Third Consulting Group, LLC organized and presents seminars for business executives that feature a nationally known speaker. The attendance fee is $1,000 per attendee. The
Third Consulting Group, LLC organized and presents seminars for business executives that feature a nationally known speaker. The attendance fee is $1,000 per attendee. The costs that they incur for a seminar are listed below. | ||
a | If 100 executives attend, what is their profit? | |
b | What is the break even quantity? | |
c | If the seminar fee, fixed cost and the variable cost per unit stay the same as last year, what will the attendance have to be to increase profits to $100,000? | |
d | If attendees are limited to 100, and fixed cost and variable cost per unit stay the same, what price would have to charged to increase the profits to $100,000? | |
Registration Fee | $1,000 | |
Facility rental | $25,000 | |
Food per attendee | $200 | |
Amenities per attendee | $250 | |
Speaker costs | $25,000 |
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