Reference no: EM13849334
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 keynote 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 Requirements 1:
1. Given the above information and assuming no profit will be made, what ticket price should be set if 500 procrastinators attend? If 750 people attend?
2. If a ticket price of $35 is set, how many procrastinators need to attend for PA to break even on their banquet? If the ticket price was $50? Use the roundup function to round up to the next integer (eg. 344.24 would be 345)
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