In order to get full credit, you must show all your work.
You are responsible for budgeting your association’s next meeting. Here are the facts as you know them: Your meeting registration fee is $165. You will be charged $5,000 for the use of the hotel space, $500 for audio visual fees, and $1,000 for the speaker. You also know that it will cost you $65 per person for food and beverage.
How many attendees do you need in order to break even?
BEP= Fixed Costs/ Price- VC
Total FC= 6,500 (C) BEP= 6500/165-65
Total VC=65 (B) BEP= 6500/160
Price (Registration Fee) = 165 (A) BEP=40.625
Number of Attendees to break even rounded up would be 41.
How many attendees do you need in order to make $1,000 profit?
3. What if you knew you would have 100 attendees. How much would you have to charge each one in order to break even?
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