You have been asked to chair a dinner/dance fundraiser for your child's school. The goal is to generate a $5,000 profit for the evening. You have the following quotes from the local caterer: (VARIABLE) AXED COSTS VARIABLE COSTS Crab Dinner $25/ plate - CON. MARGIN Steak & Shrimp $22/ plate Chicken $15/plate Dessert will cost an additional s5 per person. f t 20 per Other costs include: (FIXED COSTS) Venue - location 1 - $750.00 (can seat 150 people for dinner) = 55 pevVenue - location 2 - $1200.00 (can seat up to 300 people for dinner) 1 4 per Prices * Insurance for the evening - $200 Units Band - $1250 Crab DJ - $450 Past experience indicates that the sales price of a ticket cannot exceed $100 per meal and there is a limited audience that will pay more than $65 per ticket. Capacity is based on the two venue options above ~ Chicken Assignment Requirements: Create a proposal given the information above that will produce a $5,000 profit. Consider things like the ability to sell the tickets. There are 25 students in the class and their parents will be selling the tickets (what's a reasonable sales requirement for the parents). If parents opt out of selling tickets, what must they contribute in cash to meet target profits (do they have to pay out the set ticket price or contribution margin?). The goal is to create a nice event that can be offered annually to raise money and provide a positive community experience that people WANT to attend. Create three reasonable proposals that meet the target profit goal. Create a 5 to 8 slide PowerPoint to present your proposal including the committee's recommendation. Your audience will be the full PTA as they will make the final decision. Cover slide with your group name and name (first and last name) of each team member Slide 2 - show three proposals that will meet the target profit - show it in the form of a variable income statement.Slide 3 - Present your top recommendation for the fundraiser from the 3 proposals. Why did you select it? Describe from both a quantitative and qualitative perspective? Why did you choose it over the other options? Slide 4 - Given the one scenario you selected, what is the projected profit if ticket sales are short by 10%?Present your findings in a variable income statement format and explain. Slide 5 - show any key calculations that were not presented in the other slides that supports your proposal. Explain your pricing strategy - is it reasonable for the meal being provided? How many tickets will each parent have to sell? How did you calculate the "buy out" if a parent does not want to sell tickets?Up to 3 additional slides at the discretion of the team. You will have 5-10 minutes to present your proposal Submit a hardcopy of your PowerPoint at your presentation. On each option, can you put what parents must contribute in cash to meet target profit? Also, can you calculate the buy out if a parent does not want to sell tickets