Case C - Awards evening The club committee are putting on an awards evening in the clubhouse. The ticket price will be $30 per person and it is expected that 100 people will attend. The committee will spend $1500 on entertainment and prizes. What is the maximum cost of the meal per person that can be afforded, if the event is not to make a loss?
Case C - Awards evening The club committee are putting on an awards evening in the clubhouse. The ticket price will be $30 per person and it is expected that 100 people will attend. The committee will spend $1500 on entertainment and prizes. What is the maximum cost of the meal per person that can be afforded, if the event is not to make a loss?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Case C - Awards evening The club committee are putting on an awards evening in the clubhouse. The ticket price will be $30 per person and it is expected that 100 people will attend. The committee will spend $1500 on entertainment and prizes. What is the maximum cost of the meal per person that can be afforded, if the event is not to make a loss? Case D - Calculating the break-even point of three possible venues for an event The committee of a sport organisation is considering three different venues to stage a major fundraising event. Venue A has a maximum seating capacity of 500 people and costs $1,200 to hire. Venue B has a maximum capacity of 1000
Transcribed Image Text:Case C - Awards evening
The club committee are putting on an awards evening in the clubhouse. The ticket price will be $30
per person and it is expected that 100 people will attend.
The committee will spend $1500 on entertainment and prizes.
What is the maximum cost of the meal per person that can be afforded, if the event is not to make
a loss?
Case D - Calculating the break-even point of three possible venues for an event
The committee of a sport organisation is considering three different venues to stage a major
fundraising event.
Venue A has a maximum seating capacity of 500 people and costs $1,200 to hire. Venue B has a
maximum capacity of 1000 and costs $3,500 and Venue C has a maximum capacity of 2000 and
costs $9,000.
If the variable cost for each participant is $5.20, which venue would be the most profitable at
maximum capacity?
To solve this problem you will need three separate spreadsheets, one for each venue.
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