Ask Question, Ask an Expert

+61-413 786 465

[email protected]

Ask Accounting Basics Expert

Accounting


Home >> Accounting Basics


                   
ORCHARD Conference Model                    
                     
Number of Delegates 400                  
INCOME                    
Entry Fees Fee Proportion Discounts Fee Reduction Take up        
Members  £          200.00 70%   Second Conference 10% 15%        
Non-Members  £          300.00 25%   Early Bird 20% 10%        
Students  £          100.00 5%                
    Number    Supplement   Number        
Press  £            50.00 10   Late Booking 10% 25        
                     
Total Attendees   440                
                     
EXPENDITURE                    
Per Conference Amount     Per Delegate   Number £100.00 per attendee. 
Conference Hall =< 500 attendees  £      3,000.00     Conference Dinner  £            30.00          
Conference Hall cancellation  £      1,000.00     Other Meals  £            20.00          
Conference Hall >500 attendees  £      5,000.00 Hall Limit   Accommodation  £            75.00          
    500   Additional >500  £            50.00          
    Number   Rebate > 500  £            20.00          
Speakers  £          200.00 30   Publishing =< 350  £               8.50          
Celeb Guest  £      1,000.00 1   Publishing >350  £               5.00 350        
Publishing Setup  £      2,000.00                  
Ad Hoc Expenses  £      4,500.00                  
                     
Attendance Variations Amount Capacity   Expenditure Effect            
Coach 250 60   Attendees <299 300          
        300 < Attendees <500 10% plus        
INTERMEDIATE RESULTS                    
Income       Income from Delegates            
Members  £    56,000.00     Delegates Total  £    88,000.00          
Non-Members  £    30,000.00                  
Students  £      2,000.00                  
Press  £          500.00                  
Late Booking  £          550.00                  
Total Income  £    89,050.00                  
                     
Expenditure                    
Conference Hall  £      3,000.00                  
Publishing  £      5,425.00                  
Speakers  £      6,000.00                  
Celebrity  £      1,000.00                  
Ad Hoc Expenses  £      4,500.00                  
Second Conference Discount  £      1,320.00                  
Early Booking Discount  £      1,760.00                  
Rebates  £                   -   0 How many attendees in excess of the limit?        
Transport  £                   -   0 How many coaches required?          
Conference Dinner  £    14,520.00                  
Other Meals  £      9,680.00                  
Accommodation  £    33,000.00                  
Total Expenditure  £    80,205.00                  
                     
RESULTS SUMMARY                    
Number of delegates 400                  
Total Income  £    89,050.00                  
Total Expenditure  £    80,205.00                  
Net Profit  £      8,845.00                  

Question 1 In the Conference Model cell B41, explain what happens in the formula =B24+IF(C13>G23,G23*F22+F23*(C13-G23),C13*F22)

Question 2 In the Conference Model cell B46, explain what happens in the formula=F32*F8*G8

Question 3 In the Conference Model cell C47, explain what happens in the formula=IF(C13>C20,C13-C20,0)

Question 4 In the Conference Model cell C48, explain what happens in the formula=IF(C47>0,IF(INT(C47/C28)=(C47/C28),C47/C28,INT(C47/C28+1)),0)

Question 5 In the Conference Model cell F32, explain what is wrong with the formula=SUM(B32+B33+B34)

Question 6 In the Conference Model cell B49, explain what happens in the formula=IF((C13+C23)

Question 7 In the Conference Model cell B48, explain what happens in the formula=IF(C13>C20,C48*B28,0)

Question 8 In the Conference Model cell B36, explain what happens in the formula=G11/B4*F32*F11

Question 9 Set the number of delegates as 400. Perform a Goal Seek calculation establishing a break even figure so that the total profit is zero by adjusting the number of delegates. What is that number, to the next highest whole number

Question 10 Set the number of delegates to 334. In cells B32 to B34 the income does not reflect a whole number of delegates of each type. Explain this.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92601608
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Question what discoveries have you made in your research

Question: What discoveries have you made in your research and how does this information inform your ability to evaluate effective coaching and its impact on organizations? Consider these guiding questions: 1. What core c ...

Question requirement 1 read the article in below attachment

Question: Requirement: 1. Read the article in below attachment, and answer the questions in a paper format. Read below requirements before your writing! 2. Not to list the answers, and you should write as a paper format. ...

Question as a financial consultant you have contracted with

Question: As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You have agreed to provide a detailed report ill ...

Question the following information is taken from the

Question: The following information is taken from the accrual accounting records of Kroger Sales Company: 1. During January, Kroger paid $9,150 for supplies to be used in sales to customers during the next 2 months (Febr ...

Assignment 1 lasa 2-capital budgeting techniquesas a

Assignment 1: LASA # 2-Capital Budgeting Techniques As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You ha ...

Assignment 2 discussion questionthe finance department of a

Assignment 2: Discussion Question The finance department of a large corporation has evaluated a possible capital project using the NPV method, the Payback Method, and the IRR method. The analysts are puzzled, since the N ...

Question in this case you have been provided financial

Question: In this case, you have been provided financial information about the company in order to create a cash budget. Management is seeking advice or clarification on three main assumptions the company has been operat ...

Question 1what step in the accounting cycle do adjusting

Question: 1. What step in the accounting cycle do Adjusting Entries show up 2. How do these relate to the Accounting Worksheet? 3. Why are they completed at the end of each accounting period? The response must be typed, ...

Question is it important for non-accountants to understand

Question: Is it important for non-accountants to understand how to read financial statements? If you are not part of the accounting/finance function in a business what difference would it make? The response must be typed ...

Question refer to the hat rack cash flow statement 2002 in

Question: Refer to the Hat Rack Cash Flow Statement, 2002 in the text on page 17. Answer the following questions and submit to me via Canvas by the due date. 1. Cash flow from operations? 2. Cash flow from investing? 3. ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved