The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event:

Dinner (per person)$10Favors and program (per person)$4Band$700Rental of ballroom$2,000Professional entertainment during intermission$2,000Tickets and advertising$700

The committee members would like to charge $41 per person for the evening's activities.

Required:1.Compute the break-even point for the dinner-dance (in terms of the number of persons who must attend).

2.Assume that last year only 200 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even?(Round your answer to 2 decimal places.)

Answer rating: 100% (QA)

1 To compute the breakeven point for the dinnerdance we need to determine the total fixed costs and ... View the full answer