1. Identify the break even ticket price to achieve a 25% profit.

1. Calculatethe revenue for the break even ticket price.

No. of tickets sold	Ticket price = ?
350

Prepare alternative revenue statement budgets using the information you have accumulated so far.

	Amount ($)	% of sales
Sales
Revenue from ticket sales
Cost of goods sold
Food cost	4,798.75	9.79
Beverage cost	5,831.75	11.90
Total cost of goods	10,630.50	21.6
Gross profit	38369.5	78.3
Expenses
Labour costs	9,644	20
Venue	2,000	3.8
Stationery items / Postages	220	0.44
Communication	256	0.52
Event staff uniform	600	1.22
Hire audio-visual equipment	3,000	6.1
Floral arrangements	4,500	9.1
Stage and lighting hire	6000	12.2
Food and service equipment lease	1,550	3.1
Master of ceremonies	850	1.7
Consultant fees	4500	9.1
Linen hire	1,870	3.8
Advertising	350	0.7
Printing	87.5	0.17
Room decor	1050	2.1
Entertainment	1750	3.5
Total expenses	36536.67
Profit/loss

Part D

1. Circulate the draft budget to the event committee for input.

Prepare an email with the detailed draft budget, including two alternatives and breakeven price, seeking input from the relevant stakeholders (those who gave input in 2.4). The email should be 150-200 words long.

Answer rating: 100% (QA)

Subject Seeking Input Event Budget Draft and BreakEven Ticket Price Dear Event Committee Members I hope this email finds you well As we move forward w... View the full answer