Question: I want real ans with solution if you gve wrong ans i will downvote Your company is planning to organize a workshop on quality management.

I want real ans with solution if you gve wrong ans i will downvote
Your company is planning to organize a workshop on quality management. There are 10 managers in your company all of whom have received free passes for the workshop. These passes would allow five free seats to the individuals. The managers from other companies can also attend the event, however they need to pay $60 per person. All the people attending the workshop would get complimentary lunch, snacks and parking facilities without any extra fees. There are certain costs associated with the workshop including lunch cost of $5 per person, snacks cost of $3 per person, parking cost of $4 per person, speakers cost of $800 per speaker (total 5 speakers are used), registration fee of $7.50 per person, and auditorium cost of $200. Now suppose, the outside managers would be refunded 50 percent of their payment in case of no- shows. There is not any refund for the managers of your company. Previously, it was identified that 25 percent of in-house and 10 percent of outsi de managers could not attend the event. Parking fee needs to be paid by the company only for the attendees. However, snacks and lunch cost are dependent on number of registrations. What would be the profit/ loss faced by the company, if all the in-house managers have registered for their full allotment and there are 130 outside managers registered for the workshop? (A) Profit of $328 (B) Loss of $198 (C) No profit, no loss (D) None of the above Answer A B Your company is planning to organize a workshop on quality management. There are 10 managers in your company all of whom have received free passes for the workshop. These passes would allow five free seats to the individuals. The managers from other companies can also attend the event, however they need to pay $60 per person. All the people attending the workshop would get complimentary lunch, snacks and parking facilities without any extra fees. There are certain costs associated with the workshop including lunch cost of $5 per person, snacks cost of $3 per person, parking cost of $4 per person, speakers cost of $800 per speaker (total 5 speakers are used), registration fee of $7.50 per person, and auditorium cost of $200. Now suppose, the outside managers would be refunded 50 percent of their payment in case of no- shows. There is not any refund for the managers of your company. Previously, it was identified that 25 percent of in-house and 10 percent of outsi de managers could not attend the event. Parking fee needs to be paid by the company only for the attendees. However, snacks and lunch cost are dependent on number of registrations. What would be the profit/ loss faced by the company, if all the in-house managers have registered for their full allotment and there are 130 outside managers registered for the workshop? (A) Profit of $328 (B) Loss of $198 (C) No profit, no loss (D) None of the above Answer A BStep by Step Solution
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