Business, 08.07.2021 23:10 savthespice

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) $18
Favors and program (per person) $2
Band $2,800
Rental of ballroom $900
Professional entertainment during intermission
$1,000
Tickets and advertising $1,300
The committee members would like to charge $35 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 300 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even?
3. Refer to the original data ($35 ticket price per person). Prepare a CVP graph for the dinner-dance from zero tickets up to 600 tickets sold.

Answers: 2

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The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has asse...