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

1 distinguish between theory model and hypothesis2 describe

1. Distinguish between theory, model, and hypothesis. 2. Describe how researchers use induction versus deduction to generate research hypotheses. 3. Describe the process by which hypotheses are developed and tested.

1 are inventory ratios meaningful for utilities why2 what

1. Are inventory ratios meaningful for utilities? Why? 2. What does the funded debt to operating property ratio measure for a utility? 3. Is times interest earned meaningful for utilities? Why or why not? 4. For regulate ...

1 describe how changes in level and trend can each be used

1. Describe how changes in level and trend can each be used to evaluate data in a single-subject design. 2. Describe the importance of the reversal phase in the ABAB design. 3. Describe the strengths and weaknesses of th ...

1 how influential are corporate and personal taxes on

1. How influential are corporate and personal taxes on capital structure? Historically, have changes in American tax rates greatly affected debt ratios? 2. How do stock prices generally react to announcements of firms' c ...

Apex corporation is considering the purchase of pinnacle

Apex Corporation is considering the purchase of Pinnacle Company in a stock-forstock exchange. Selected data on the two companies are shown in the following table: Apex Pinnacle Sales(millions) $750 $175 Earning after ta ...

Go to wwwbankratecomcheckingaspx and answer the following

Go to www.bankrate.com/checking.aspx and answer the following questions: a. What bank in what city, nationally, will give you the highest rate on an MMA? b. What bank in what city, locally, will give you the highest rate ...

Name some of the problems created by incorrect torque how

Name some of the problems created by incorrect torque ? How much preload do we want, in general? How much torque versus initial preload can you expect to encounter when tightening a group of unlubricated, as received, st ...

Your mortgage has 25 years left and has an apr of 7625 with

Your mortgage has 25 years left, and has an APR of 7.625% with monthly payments of $1449. a. What is the outstanding balance? b. Suppose you cannot make the mortgage payment and you are in danger of losing your house tof ...

Several thin sheets of naphthalene 025 cm thick and 10 cm

Several thin sheets of naphthalene, 0.25 cm thick and 10 cm square, are arranged parallel to each other with their centers at 1-cm intervals. Air at 273 K and 1:013 × 10 5 Pa enters this sandwich arrangement with a bulk ...

In addition to the key words you should also be able to

In addition to the key words, you should also be able to define each of the following terms: ethics Nuremberg Code National Research Act Belmont Report APA Ethics Code clinical equipoise consent form confederate placebo ...

  • 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