Question: Solve as soon as possible. Asap! Only use equations/formulas. Do not use excell. Thank you so much. Save An Question 2 16 points UB's OSTEM

Solve as soon as possible. Asap! Only use equations/formulas. Do not use excell. Thank you so much.

Solve as soon as possible. Asap! Only use equations/formulas. Do not use

excell. Thank you so much. Save An Question 2 16 points UB's

Save An Question 2 16 points UB's OSTEM student group is organizing a charity gala. They are deciding between two possible venues: Option 1: Hotel Henry, which has a fixed rental cost of $6,810 regardless of the number of attendees. The hotel provides food and beverages at $60 per attendee. Tables, linens, and event marketing are an additional $35 per attendee. Option 2: Curtiss Hotel, which has a fixed rental cost of $2,400 plus a charge of $100 per attendee for catering food and beverage. Tables and linens are included in this cost. However, event marketing is an additional $40 per attendee. Additionally, entertainment for the gala, regardless of the venue, will cost $3,000. They plan to sell the gala tickets at $300 per person. Compute the breakeven point (i.e. number of tickets that need to be sold to break even) for each venue. IE 320 Formula Sheet 01272017.pdf Interest Tables.pdf Break even points: a. Hotel Henry: 48 tickets Curtiss Hotel: 34 tickets Break even points: b. Hotel Henry: 30 tickets Curtiss Hotel: 50 tickets $300 per person. Compute the breakeven point (.e. number of tickets that need to be sold to break ev venue. IE 320 Formula Sheet 01272017.pdf Interest Tables.pdf Break even points: a. Hotel Henry: 48 tickets Curtiss Hotel: 34 tickets Break even points: b. Hotel Henry: 30 tickets Curtiss Hotel: 50 tickets Break even points: Hotel Henry: 140 tickets Curtiss Hotel: 90 tickets c. Break even points: d. Hotel Henry: 55 tickets Curtiss Hotel: 40 tickets

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