Required information your Average Cost to 2 decimal places.) of Members Attending 260 people (80% of members) 325 people (all members) Total Cost Average Cost per Person 2b. What is the total cost of the party if all members and their spouses attend? Based on the Club's current budget, who should be invited to the party?
Required information your Average Cost to 2 decimal places.) of Members Attending 260 people (80% of members) 325 people (all members) Total Cost Average Cost per Person 2b. What is the total cost of the party if all members and their spouses attend? Based on the Club's current budget, who should be invited to the party?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q.
Transcribed Image Text:Required information
your Average Cost to 2 decimal places.)
of Members Attending
260 people (80% of members)
325 people (all members)
Total Cost
Total Cost
Who should be invited?
Average Cost
per Person
2b. What is the total cost of the party if all members and their spouses attend? Based on the Club's current budget, who should be
invited to the party?
Transcribed Image Text:2 of 2
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Applying Excel - Basic Excel Skills: Exercise (Part 2 of 2)
Keeping all other data the same in the original example, change the Total Rental Cost and Other Data inputs in your worksheet to
match the information below:
of People Attending
0-100 people
101-200 people
201 300 people
101+ people
of People Attending
0300 people
301+ people
other Data
of Members
Party Budget,
Cost for
Refreshments
per Person
325
18,500
$15
$14
Total Rental Cont
$1,600
$1.350
$12
$10
Be sure to also check the Number of Members and People Attending in your worksheet so that it matches the requirement
Information.
of Members Adlending
260 people (60% of members)
325 people (all members)
Required:
2a. What is the total cost and average cost per person if 80% of the membership attends and if all members attend the party? (Round
your Average Cost to 2 decimal places.)
Total Cost
Average Cost
per Person
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