Procrastinators Anonymous (PA) is hosting their annual convention this coming ye

ID: 2612605 • Letter: P

Question

Procrastinators Anonymous (PA) is hosting their annual convention this coming year in Dallas, TX.

Although this is not typical of this organization, they wish to plan ahead to determine what the cost of

the keyno

te banquet ticket should be. The ticket cost then can be included in materials that will be sent

out prior to the convention.

The banquet coordinator has determined the following costs:

Rental of banquet facility $2,500

Entertainment for banquet $1,200

Cost of meal $12 Decorations $400

Printing costs $500

Favors per attendee $2 Requirements1 :

3. If fixed costs can be reduced by 10%, w

hat is the breakeven point (in number of attendees) if the

ticket price is $35. Use the roundup function to round up to the next integer.

4. If PA wishes to make a profit of $1,000 on the banquet and the ticket price is $35, how many

procrastinators need to attend? Assume that fixed costs do not change from the initial amounts. Use the

roundup function to round up to the next integer.

If fixed costs can be reduced by 10%, w
hat is the breakeven point (in number of attendees) if the
ticket price is $35.

Break even sales = fixed Cost/Contrbution =3680/21 =176

Cost of meal 12 Favors per attendee 2 Total Variable cost 14

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.