Miksell- Financial Book

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.
School: UIUC
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