Question: 4. value: 20.00 points The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event:
4. value: 20.00 points 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) Favors and program (per person) Band Rental of ballroom Professional entertainment during intermission Tickets and advertising $15 $7 $1,500 $1,500 $2.100 $700 The commitee members would like to charge $51 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 mus attend) persons 2. Assume that last year only 250 persons attended the dinner-dance. I 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.) price per person to break even
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
