Required information [The following information applies to the questions displayed below.] The Hartford Symphony Guild is planning its annual dinner-dance and 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 expected ticket price is $42 per person. 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 100 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged to break even? Note: Round your answer to the nearest whole dollar amount. 1. Break-even point 2. Ticket price per person to break even $ $ 25 $3 $ 700 $ 420 $ 280 $ 1,400 67 persons 57

Required information [The following information applies to the questions displayed below.] The Hartford Symphony Guild is planning its annual dinner-dance and 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 expected ticket price is $42 per person. 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 100 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged to break even? Note: Round your answer to the nearest whole dollar amount. 1. Break-even point 2. Ticket price per person to break even $ $ 25 $3 $ 700 $ 420 $ 280 $ 1,400 67 persons 57

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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