Golden age retirement planners specializes in providing financial advice for peo

Question

Golden age retirement planners specializes in providing financial advice for people planning for a comfortable retirement. The company offers seminars on the important topic of retirement planning. For a typical seminar, the room rental at a hotel is $1,000, and the cost of advertising and other incidentals is about $10,000 per seminar. The cost of the materials and special girts for each attendee is $60 per person attending the seminar. The company seems to be competitive with other companies in the same business. How many people must attend each seminar for Golden Age to break even

Explanation / Answer

Fixed cost= 10000+1000

Veriable cost =60

charges per person= 250

break even point= fixed cost/(peer person charges-veriable cost)=11000/(250-60)

BEP=11000/190 = 58 peoples (approximately)

Is this true or not???

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