Miksell- Financial Book

timer Asked: Sep 29th, 2015

Question description

The public Budgeting and finance Association is planning its annual conference. The conference hotel has quoted the following prices for services:

Thursday afternoon: Conference facilities rental: $425

Coffee-break service: $10 per person

Audiovisual equipment rental: $55

Evening reception: $25 person

Friday: Conference facilities rental: $750

Coffee-break service, morning and afternoon: $15 per person

Continental breakfast: $15 per person

Luncheon: $20 person

Audiovisual equipment rental: $150

Saturday: Conference facilities rental: $375

Continental Breakfast: $15 per person

Coffee-break service:  10 per person

Audiovisual rental: $75

Program materials and marketing would cost about $550. The association charged $130 for each participant last year and would like to use the same price this year.

a)  Prepare a break-even analysis for the conference and determine the break-even attendance level.

b)  Suppose the association wanted to encourage student participation by charging a rate that would cover only the cost directly caused by their attendance. What price would you charge?

c)  Prepare a line-item budget for the event if you expect 110 people to attend. 


Tutor Answer

(Top Tutor) Studypool Tutor
School: Rice University
Studypool has helped 1,244,100 students
flag Report DMCA
Similar Questions
Hot Questions
Related Tags

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors