Planning fund raising event for the spring semester

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Reference no: EM131997909

The Bentley Student Association (BSA) is planning a fund raising event for the spring semester. The BSA is planning to hire the Dizzy Gillespie Heritage Band as entertainment. The Kennedy Museum was selected as the site for the event. The Museum will charge the BSA $600 for the use of its banquet room. Sylvia’s Restaurant was selected to cater the event. Sylvia’s Restaurant will charge the BSA a flat fee of $400 and a $20 per meal charge for each participant. The BSA plans to charge $50 per student or alumnus to attend the event and expects about 100 students or alumni will attend the event. How much should the BSA pay the Dizzy Gillespie Heritage Band to breakeven? In addition to your narrative answers in an Excel file, you must show correct formulas and computations in each relevant cell in your Excel file when providing your answers. For instance, you must show the formula you used to obtain a breakeven quantity, etc.

Reference no: EM131997909

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