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Your organization is seeking a contract with a large coaches meeting. In order to make a final decision on whether you want to accept the
- Your organization is seeking a contract with a large coaches meeting. In order to make a final decision on whether you want to accept the project, you have to conduct financial calculations and break-even analysis. Your organization is willing to accept the project if the total gross profit for the event is more than $5,000. Your client estimates that will be somewhere between 100-300 guests. The company pays $100 per person with a minimum of $10,000. You know your variable costs (food and beverage) total $30 per person. The total fixed costs are $4,000. Now calculate the maximum and the minimum gross profit that you can achieve for this event (3 points).
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