Ask Question, Ask an Expert


Ask Basic Finance Expert


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

The wall street journal reports that the rate on 8-year

The Wall Street Journal reports that the rate on 8-year Treasury securities is 1.20 percent and the rate on 9-year Treasury securities is 1.75 percent. According to the unbiased expectations theories, what does the marke ...

Which statement is falsea if pa 05 then the odds against

Which statement is false? A. If P(A) = .05, then the odds against event A's occurrence are 19 to 1. B. If A and B are mutually exclusive events, then P(A or B) = 0. C. The number of permutations of five things taken two ...

Select two of the many capital structure concepts such as

Select two of the many capital structure concepts such as Modigliani and Miller, Pecking Order Theory, leverage, and so on, and explain what each is as well as how it differs from the other concept you selected. Then, st ...

When monetary policymakers hit the zero When monetary policymakers hit the zero

When monetary policymakers hit the zero nominal-interest-rate bound with their policy rate, they have the option to turn to unconventional tools of monetary policy. How do these unconventional tools work, and why are pol ...

Family finance homework regarding automatic millionair

Family finance homework regarding Automatic millionair book Read the book The Automatic Millionaire by David Bach. Turn in a 2-5 page double-spaced paper (3 points). Please do not go over 5 pages. Write one paragraph for ...

Assignment -part a-the project involves writing a

Assignment - Part A- The project involves writing a commentary on Warren E. Buffett's Berkshire shareholder letter. The project is to be completed individually. Shareholder letters (1977 - 2014) will be randomly selected ...

The city of malaise is considering a 10 tax on the revenues

The city of Malaise is considering a 10% tax on the revenues of all hotels/motels inside the city limits. Although not completely different from hotels and motels in the nearby suburbs, the ones in Malaise have a distinc ...

Describe each of the three components in the aim planning

Describe each of the three components in the AIM planning process for business messages: audience analysis, idea development, and message structuring.

Financial analysis comparison of nike amp uafinancial

Financial Analysis Comparison of Nike & UA Financial Analysis Comparison of Nike & Under Armour Case Analysis (p. 55 of your text) First, calculate the below ratios for Nike, Inc. for the years 2013 & 2014. Nike balance ...

Us interest rates during the credit crisisduring the credit

U.S. Interest Rates during the Credit Crisis : During the credit crisis, U.S. interest rates were extremely low, which enabled businesses to borrow at a low cost. Holding other factors constant, this should result in a h ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate