Required information Exercise 6-16 (Algo) Break-Even Analysis and CVP Graphing [LO6-2, LO6-4, LO6-5] [The following information applies to the questions displayed below.] The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event: Dinner (per person) Favors and program (per person) Band Rental of ballroom Professional entertainment during intermission Tickets and advertising The committee members would like to charge $40 per person for the evening's activities. Exercise 6-16 (Algo) Part 1 $ 21 $ 2 $ 1,275 $ 510 $ 1,020 $ 2,295 Required: 1. What is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. Assume that last year only 200 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even? (Round your answer to the nearest whole dollar amount.) 1. Break-even point 2. Ticket price per person to break even persons

Required information Exercise 6-16 (Algo) Break-Even Analysis and CVP Graphing [LO6-2, LO6-4, LO6-5] [The following information applies to the questions displayed below.] The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event: Dinner (per person) Favors and program (per person) Band Rental of ballroom Professional entertainment during intermission Tickets and advertising The committee members would like to charge $40 per person for the evening's activities. Exercise 6-16 (Algo) Part 1 $ 21 $ 2 $ 1,275 $ 510 $ 1,020 $ 2,295 Required: 1. What is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. Assume that last year only 200 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even? (Round your answer to the nearest whole dollar amount.) 1. Break-even point 2. Ticket price per person to break even persons

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The committee members would like to charge P300 per person for the evening’s activities.Assume that only 250 persons are expected to attend the extravaganza, what ticket price must be charged to break-even.
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