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Prepare a budget for the event if expect people to attend

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Reference no: EM132475847

The Public Budgeting and Finance Association is planning its annual conference. The conference hotel has quoted the following prices for services:

Thursday afternoon                            Conference facilities rental: $425

                                                      Coffee-break service: $10 per person

                                                        Audiovisual equipment rental: $55

                                                        Evening reception: $25 per person

Friday                                                          Conference facilities rental: $750

                                                         Coffee-break service, morning and afternoon: $15 per person                                                    

                                                      Continental breakfast: $15 per person Luncheon: $20 per person
                                                            Audiovisual equipment rental: $150

Saturday morning                                         Conference facilities rental: $375
                                                               Continental breakfast: $15 per person Coffee-break service: $10 per person Audiovisual rental: $75

  • Program materials and marketing would cost about $550. The association charged $130 for each participant last year and would like to use the same price this year.

Question a. Prepare a break-even chart for the conference and determine the break-even attendance level.

Question b. Suppose the association wanted to encourage student participation by charging a rate that would cover only the costs directly caused by their attendance. What price would you charge?,

Question c. Prepare a budget for the event if you expect 110 people to attend.

Reference no: EM132475847

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