The Philippine Society of Digestive Endoscopy, led by Dr. Dennis Ona, is planning to stage a gala ball for its Induction of Officers and silver anniversary in 2020. Its ways and means committee headed by Dr. Ronald Cabornay is assessing the financial viability of the ball. It has started negotiating with the Pico de Loro Resort in Nasugbu, Batangas. The resort quoted a rental cost of the venue of P500,000 plus a charge of P5,000 per person for the meals and serving of drinks. All the drinks to be served and prizes to be given away at the ball will be donated by pharma and drug distribution companies. The Association budgeted P175,000 for the administration and marketing. The band will cost a fixed amount of P125,000. The host of the event will be paid P50,000 as professional fee and tips to the waiters and waitresses will be around P10,000. Tickets to this prestigious gala ball will be P5,000 per person. This excludes the cost of transportation and accommodation of the attendees and their guests. The Association’s marketing committee chaired by Dr. Robert Tan projected that the attendees would range from a low of 100 people to a high of 500 people. Most of the attendees are expected to come from Metro Manila and neighboring Central and Southern Luzon provinces. The ways and means committee sought your assistance in calculating the gala’s break-even point in terms of number of participants and price. Will the number be different, if the committee opts to move the venue to Vista Lodge Hotel in Tagaytay City, Cavite? Vista Lodge offered its place as a venue for P300,000 plus a charge of P4,500 per person. But all the other costs will remain the same. Impute in the calculations the target profit set by Dr. Ona of not less than P250 thousand.
The Philippine Society of Digestive Endoscopy, led by Dr. Dennis Ona, is planning to stage a gala ball for its Induction of Officers and silver anniversary in 2020. Its ways and means committee headed by Dr. Ronald Cabornay is assessing the financial viability of the ball. It has started negotiating with the Pico de Loro Resort in Nasugbu, Batangas. The resort quoted a rental cost of the venue of P500,000 plus a charge of P5,000 per person for the meals and serving of drinks. All the drinks to be served and prizes to be given away at the ball will be donated by pharma and drug distribution companies. The Association budgeted P175,000 for the administration and marketing. The band will cost a fixed amount of P125,000. The host of the event will be paid P50,000 as professional fee and tips to the waiters and waitresses will be around P10,000.
Tickets to this prestigious gala ball will be P5,000 per person. This excludes the cost of transportation and accommodation of the attendees and their guests. The Association’s marketing committee chaired by Dr. Robert Tan projected that the attendees would range from a low of 100 people to a high of 500 people. Most of the attendees are expected to come from Metro Manila and neighboring Central and Southern Luzon provinces.
The ways and means committee sought your assistance in calculating the gala’s break-even point in terms of number of participants and price. Will the number be different, if the committee opts to move the venue to Vista Lodge Hotel in Tagaytay City, Cavite? Vista Lodge offered its place as a venue for P300,000 plus a charge of P4,500 per person. But all the other costs will remain the same. Impute in the calculations the target profit set by Dr. Ona of not less than P250 thousand.
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