A Charity put on a hall party to raise funds. It estimated the following costs: Appetizers (per person) $20 Drinks (per person) $10 D.J Hall Rental Magician Advertising/Insurance $3,000 $900 $3,000 $2,300 Committee wants to charge $55 per person. 1.) Commute the break even point (in terms of number of people who must attend the party) 2.) What if they want to raise $5,000. How many people must attend? 3.) What can we change if we do not know that many people (list 2)

A Charity put on a hall party to raise funds. It estimated the following costs: Appetizers (per person) $20 Drinks (per person) $10 D.J Hall Rental Magician Advertising/Insurance $3,000 $900 $3,000 $2,300 Committee wants to charge $55 per person. 1.) Commute the break even point (in terms of number of people who must attend the party) 2.) What if they want to raise $5,000. How many people must attend? 3.) What can we change if we do not know that many people (list 2)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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