Question
Your team is the accounting staff for a National not-for-profit student organization. The executive director of the planning committee has asked for your recommendation on
Your team is the accounting staff for a National not-for-profit student organization. The executive director of the planning committee has asked for your recommendation on where to host the 2018 National Conference of an organization your team selects to support.
The conference expects to have 8,000 students in attendance from NJ area High Schools. The national organization will be paying for the following:
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Lunch and Dinner Food costs for all 8,000 attendees for 2 days (2 lunch and 2 dinners)
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Hotel and registration fees for only the 12 students on the planning committee. You have narrowed down the locations to Nashville, TN; Los Angeles, CA; Denver, CO. Your research has shown the following for these locations:
Nashville, TN:
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Total venue cost for two days: $4,300
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Cost of food for two days: $68 per student
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Member/Students conference costs:
- Registration: $100 one-time fee (conference revenue)
- Hotel: $130 per night (double occupancy/two students per room)
Los Angeles, CA.:
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Total venue cost for two days: $5,500
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Cost of food for two days: $85 per student
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Member/Students conference costs:
- Registration - $125 one-time fee (conference revenue)
- Hotel - $189 per night (double occupancy/two students per room)
Denver, CO:
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Venue cost for two days: $4,900 total
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Cost of food for two days: $75 per person
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Members conference costs:
- Registration - $115 one-time fee (conference revenue)
- Hotel - $155 per night (double occupancy/ two students per room)
Nashville, TN | Los Angeles, CA | Denver, CO | |
Total Revenue from Conference: List | |||
Total Expenses (Costs) for Conference: List | |||
Venue | |||
Food | |||
Registration | |||
Hotel | |||
Approximate Net Income from Conference raised for the Charitable Organization: |
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