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?
Refer to the table below. It shows the number of hours it requires for Mexico and Venezuela to produce 1 bicycle and 1 bushel of bananas.BicyclesBananas (bushels)Mexico10...Apr 30 2020
The following account balances appear in the 2015 adjusted trial balance of Beavers Corporation: Service Revenue, $275,000; Salaries Expense, $110,000; Supplies Expense, ...May 17 2020
White vinegar is a 5.0% by mass solution of acetic acid in water. If the density of white vinegar is 1.007 g/cm3, what is the pH?Jul 18 2021
Discuss the flow of cash through the transaction cycles. Include in your discussion the relevant sub systems and any time lags that may occur.Mar 31 2020
Choose the correct answer.Women were first given the right (a) to, (b) too vote in the Pitcairn Islands in 1838.Jul 08 2021
Flight vehicles such as airplanes and rockets are unconstrained, and therefore they can undergo rigid body motion. The free-free uniform beam gives some insight into the ...May 19 2020
Comparing the four models of market structures, cite the limitations/drawbacks of each.2. Why does the interdependence of firms play a major role in oligopoly but not in ...Mar 17 2020
The following information was extracted from the accounting records of Bowater Company. The annual flexible overhead budget is expected to be $215,000 of fixed costs and ...Aug 09 2021
Consider public policy aimed at smoking.b. If the government permanently increases the price of cigarettes, will the policy have a larger effect on smoking 1 year from no...Jul 11 2021
What characteristics of an airplane would you attribute to the system as a whole rather than to a collection of its parts? Explain why.2. List four pros and cons (two of ...Jun 11 2020