A Charity put on a hall party to raise funds. It estimated the following costs: Appetizers (per person) $20 Drinks (per person) $10 D.J Hall Rental Magician Advertising/Insurance $3,000 $900 $3,000 $2,300 Committee wants to charge $55 per person. 1.) Commute the break even point (in terms of number of people who must attend the party) 2.) What if they want to raise $5,000. How many people must attend? 3.) What can we change if we do not know that many people (list 2)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A Charity put on a hall party to raise funds. It estimated the following costs:
Appetizers (per person)
$20
Drinks (per person)
$10
D.J
Hall Rental
Magician
Advertising/Insurance
$3,000
$900
$3,000
$2,300
Committee wants to charge $55 per person.
1.) Commute the break even point (in terms of number of people who must attend the party)
2.) What if they want to raise $5,000. How many people must attend?
3.) What can we change if we do not know that many people (list 2)
Transcribed Image Text:A Charity put on a hall party to raise funds. It estimated the following costs: Appetizers (per person) $20 Drinks (per person) $10 D.J Hall Rental Magician Advertising/Insurance $3,000 $900 $3,000 $2,300 Committee wants to charge $55 per person. 1.) Commute the break even point (in terms of number of people who must attend the party) 2.) What if they want to raise $5,000. How many people must attend? 3.) What can we change if we do not know that many people (list 2)
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