Compute the contribution margin per person

Assignment Help Accounting Basics

Reference no: EM13120955

The treasurer anticipates the following costs for the event, which will be held at the Regency Hotel:
Room rental $300
Dinner cost (per person) 25
Chartered buses 500
Favors and souvenirs (per person) 5
Band 900

Each person would pay $40 to attend; 200 attendees are expected.
a. Will the event be profitable for the sorority? Show computations.
b. How many people must attend for the sorority to break even?
c. Suppose the sorority encouraged its members to drive to the hotel and did not charter the buses. Further, a planned menu change will reduce the cost per meal by $2. If each member will still be charged $40, compute the contribution margin per person.

Reference no: EM13120955

Questions Cloud

What is the income reported by regal : What is the income reported by Regal during 2012 pertaining to the Air investment?

Compute net cash provided by operating activities : Compute net cash provided by operating activities,the net change in cash during the year, and free cash flow.

Find confidence and prediction interval for selling price : Determine the 95 percent confidence interval and the 95 percent prediction interval for the selling price of a home with 2,200 square feet.

Area of window : A window is in the shape of a square of side s, witha semicircle of diameter s above it. Please help me unable to figure out how to write a function that express the total area of the window as a function of s

Compute the contribution margin per person : Suppose the sorority encouraged its members to drive to the hotel and did not charter the buses. Further, a planned menu change will reduce the cost per meal by $2. If each member will still be charged $40, compute the contribution margin per pers..

Logarithmic functions-earthquakes and richter scale : The intensity level of an earthquake is based on the Richter scale. Using logarithms, the Richter scale measures an earthquake relative to (as a ratio of) the weakest possible tremor.

Research paper: guns and gun control in the united state : RESEARCH PAPER (GUNS AND GUN CONTROL IN THE UNITED STATE) Paragraph to be included: Introduction,GUN LAWS,BACKGROUND CHECKS,OWNERSHIP STATISTIC,NRA,BRADY BILL,LEGISLATORS ENDEAVORS,GUN CONTROL VS GUN RIGHTS,THE ARGUMENT FOR,THE ARGUMENT AGAINST,CON..

Transitional phrases : Prior to this stage of writing, an author has already tested and discarded a number of false starts and failed attempts. This one is probably the most difficult of the four, because it requires a writer to throw out entire sections of what he or she ..

Academic dishonesty : The most frequently observed form of academic dishonesty is plagiarism. Plagiarism is the adoption or incorporation of another's ideas without proper attribution of the source.

User Account

All Pages