Question [The following information applies to the questions displayed below.) The Hartford Symphony

Question

[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 0/12.5 points awarded following expected costs for the event: Scored Dinner (per person) Favors and program (per person) Band Rental of ballroom Professional entertainment during intermission 400 Tickets and advertising $ 17 $ 600 $ 200 $ 800 The committee members would like to charge $30 per person for the evening's activities. Exercise 5-16 Part 1 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 in order to break even? 125 persons 3,750 1. Break-even point Ticket price per person to break even 2.

 

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