Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Problem:

You’re on a committee to host the banquet for a main fundraising organization, which will comprise live music, reception, full meal (salad, appetizer, entrée, soup, vegetables, coffee/tea and dessert).  The band is $2500 for the evening.  The other fixed costs comprise ice sculpture, $300, reception $2500, photographer, $750 and assorted, $3,000.  The meal cost is $45 per ticket.  If ticket prices are $100, what is the breakeven number of the ticket sales for event?  Now suppose that the event planner takes 10% of every ticket sale…what would be the break even in this case?  What is the contribution margin at the breakeven sales?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M910694

Have any Question? 


Related Questions in Basic Finance

Stock pricing stock valuation bond pricesbullgo to

STOCK PRICING / STOCK VALUATION / BOND PRICES • Go to www.cnbc.com and explore the video tab by using several different key terms such as stock pricing, stock valuation, and bond prices. • Watch at least two videos you f ...

In 2009 daryl bought a life insurance policy on his life

In 2009, Daryl bought a life insurance policy on his life with a death benefit of $200,000. He named his wife Melanie the beneficiary of this policy. In 2012, Daryl created an ILIT with Melanie as beneficiary, and transf ...

The period of a satellites motion around the earth is 36

The period of a satellite's motion around the earth is 36 hours, that is, it orbits the earth every 1.5 days. Determine the altitude of the satellite above the earth's surface in km.

What is a pro forma financial statement what is economic

What is a pro forma financial statement? What is economic value added and why do financial managers care about this? Explain what is meant by a balanced scorecard ? If companies in an industry have significant profits an ...

Go to turbotaxintuitcomtax-tools and click tax refund

Go to turbotax.intuit.com/tax-tools/ and click "Tax Refund Calculator" to answer the following questions: a. Assume that your filing status is single, you are not head of household, and you are 35 years old. Compute your ...

If a company is deciding between two projects and can only

If a company is deciding between two projects, and can only select one of the two projects, what evaluation techniques should this company use in the analysis of these projects? When selecting capital projects and there ...

Govt exam review1be prepared to give two examples of

GOVT Exam Review 1. Be prepared to give two examples of Internal Validity problems AND two examples of External Validity problems that can cause inaccurate or biased results in public opinion polls. 2. Be able to explain ...

Check writing fees randy a student has 500 to deposit in a

Check Writing Fees. Randy, a student, has $500 to deposit in a new checking account, but Randy knows he will not be able to maintain a minimum balance. He will not use an ATM card, but will write a large number of checks ...

Choose a conceptual variable that can be considered to be a

Choose a conceptual variable that can be considered to be a trait of interest to you, and (after conducting a literature review) create a 20-item Likert scale to assess it. Administer the scale to at least 20 people. Com ...

1 when the german government succeeded in putting an end to

1. When the German government succeeded in putting an end to the hyperinflation in 1924, would this have been better news for borrowers or for lenders? Briefly explain. 2. In 1919, the British economist John Maynard Keyn ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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