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Business, 20.04.2021 18:50 potternatalie90

The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event: Dinner (per person) $ 16 Favors and program (per person) $ 2 Band $ 1,250 Rental of ballroom $ 500 Professional entertainment during intermission $ 750 Tickets and advertising $ 2,500 The committee members would like to charge $28 per person for the evening’s activities. Required: 1. What is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. Assume that last year only 400 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even?

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