Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

You are on a committee to host a banquet for a major fundraising organization, which will consist of live music, a reception, a full meal [appetizer, entrée, vegetables, salad, soup, dessert and coffee or tea].  The band is $2500 for the evening.  The other fixed costs include ice sculpture, USD 300, reception USD 2500, photographer, USD 750 and miscellaneous, USD 3,000.  The meal cost is USD 45 per ticket.  If ticket prices are USD 100, what is the breakeven number of ticket sales for the event?  Now assume that the event planner takes ten percent of every ticket sale. find out the break even in this case and also find the contribution margin at breakeven sales?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M916129

Have any Question? 


Related Questions in Basic Finance

If there are costs associated with financial distress how

If there are costs associated with financial distress, how may this affect the capital structure decision of a company? Why do we adjust for taxes in determining the cost of debt, but not for the costs of preferred stock ...

The current balance sheet shows a total common equity of 3

The current balance sheet shows a total common equity of 3 million dollars, the company has 125000 shares outstanding, sell at price 50 dollares per share. How much do the firm's market value and book value differ?

1 budgets of government entitiesare integrated with the

1. Budgets of government entities: Are integrated with the financial accounting system. Enable governments to demonstrate compliance with laws and to communicate performance effectiveness. Are adopted by governments afte ...

1 discuss the conditions where a multidomestic or regional

1. Discuss the conditions where a multidomestic or regional strategy might perform better than a transnational or international strategy. 2. Explain how global integration and local responsiveness might be successful in ...

Explain how an organization determines whether a hedge is

Explain how an organization determines whether a hedge is sufficiently effective to justify hedge accounting? Describe the primary differences between accounting for fair value hedges and accounting for cash flow hedges? ...

1 name the three general methods of title assurance and

1. Name the three general methods of title assurance and briefly describe each. Which would you recommend to a friend purchasing a home? Why? 2. Would it be legal for you to give a quitclaim deed for the Statue of Libert ...

1 steps in buying a home what is your first task when

1. Steps in Buying a Home. What is your first task when considering buying a home? Why is this step important? How can a real estate broker help you? 2. Purchasing a Home. What are the two financial components you must c ...

1 according to readygov what are the three basic steps

1. According to Ready.Gov, what are the three basic steps people can take to prepare for any type of disaster? 2. What are the seven key elements that can be used to measure the comprehensive nature of an evacuation plan ...

1 discuss how the interrupted time series design with a

1. Discuss how the interrupted time series design with a reversal and the interrupted time series design with multiple replications improve on the simple interrupted time series design. 2. Distinguish between a longitudi ...

1 what benefits do flexible unit-load materials have in

1. What benefits do flexible unit-load materials have in contrast to rigid containers? How do return or reverse logistics considerations impact the two approaches? 2. What trade-offs are involved in the use of returnable ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen