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I our company is planning to organize a workshop on quality managem ent. There are 10 managers in your company all of whom have received free passes for the workshop. These passes would allow five free seats to the individuals. The managers from other companies can also attend the event, however they need to pay $60 per pers on. All the people attending the workshop would get complimentary lunch, snacks and parking facilities without any extra fees. There are certain costs associated with the workshop including lunch cost of $5 per person, snacks cost of $3 per person parking cost of $4 per person, speakers cost of $800 per speaker (total 5 speakers are used) registrati on fee of $7.50 per person, and auditorium cost of $200. Approximately how many managers from outsi de the company require to attend the meeting so that the workshop would

I our company is planning to organize a workshop on quality managem ent. There are 10 managers in your company all of whom have received free passes for the workshop. These passes would allow five free seats to the individuals. The managers from other companies can also attend the event, however they need to pay $60 per pers on. All the people attending the workshop would get complimentary lunch, snacks and parking facilities without any extra fees. There are certain costs associated with the workshop including lunch cost of $5 per person, snacks cost of $3 per person parking cost of $4 per person, speakers cost of $800 per speaker (total 5 speakers are used) registrati on fee of $7.50 per person, and auditorium cost of $200. Approximately how many managers from outsi de the company require to attend the meeting so that the workshop would

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Your company is planning to organize a workshop on quality managem ent. There are 10managers in your company all of whom have received free passes for the workshop. These passes would allow five free seats to the indivi duals. The managers from other companies can also attend the event, however they need to pay $60 per pers on. All the people attending the workshop would get complimentary lunch, snacks and parking facilities without any extra fees. There are certain costs associated with the workshop including lunch cost of $5 per person, snacks cost of $3 per person, parking cost of $4 per person, speakers cost of $800 per speaker (total 5 speakers are used), registrati on fee of $7.50 per person, and auditorium cost of $200. Approximately how many managers from outsi de the company require to attend the meeting so that the workshop would reach break-even? (A) 128 (B) 210 (C) 365 (D) 517
Transcribed Image Text:Your company is planning to organize a workshop on quality managem ent. There are 10managers in your company all of whom have received free passes for the workshop. These passes would allow five free seats to the indivi duals. The managers from other companies can also attend the event, however they need to pay $60 per pers on. All the people attending the workshop would get complimentary lunch, snacks and parking facilities without any extra fees. There are certain costs associated with the workshop including lunch cost of $5 per person, snacks cost of $3 per person, parking cost of $4 per person, speakers cost of $800 per speaker (total 5 speakers are used), registrati on fee of $7.50 per person, and auditorium cost of $200. Approximately how many managers from outsi de the company require to attend the meeting so that the workshop would reach break-even? (A) 128 (B) 210 (C) 365 (D) 517
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