Miksell- Financial Book

FratBro23
Category:
Economics
Price: $45 USD

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) Daniel C.
(997)
School: UIUC
PREMIUM TUTOR
Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1827 tutors are online

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