The treasurer anticipates the following costs for the event

Assignment Help Accounting Basics
Reference no: EM13612901

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: EM13612901

Questions Cloud

It is observed that it took 18 for the pulse to return what : a ski gondola is connected to the top of a hill by a steel cable of length 520 and diameter 1.3 . as the gondola comes
A sample of 144 students is taken from a population of 2000 : a sample of 144 students is taken from a population of 2000 high school students to estimate the proportion of students
Suppose that a random sample of 50 bottles of a particular : suppose that a random sample of 50 bottles of a particular brand of cough syrup is selected and the alcohol content of
A jogger runs with a speed of 325 m s i a direction of 300 : a jogger runs with a speed of 3.25 m s i. a direction. of 30.0 degrees above the x axisa. find the x and y components.
The treasurer anticipates the following costs for the event : the treasurer anticipates the following costs for the event which will be held at the regency hotel room rental 300
The cut-off ratio for the cycle is 2 determine the : an air-standard diesel cycle operates with a compression ratio of 18. at the beginning of the compression process the
A 545-kg ball hangs from the top of a vertical pole by a : a 5.45-kg ball hangs from the top of a vertical pole by a 2.19-m-long string. the ball is struck causing it to revolve
1 a random sample of 60 college graduates results in a mean : 1 a random sample of 60 college graduates results in a mean time to graduate of 4.58 years with a standard deviation of
A bar of steel 3 in 762mm in diameter is to be machined at : 1 a bar of steel 3 in 76.2mm in diameter is to be machined at 90 fpm 0.5 msec. what spindle speed should be

Reviews

Write a Review

Accounting Basics Questions & Answers

  According to the accountant of ulner inc its payroll taxes

according to the accountant of ulner inc. its payroll taxes for the week were as follows 198.40 for fica taxes 19.84

  Problem regarding credit sales and collections

Calistoga Produce estimates bad debt expense at 1/2% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $471,000 and $1,650 respectively, at December 31, 2010. During 2011, Calistoga's credit sale..

  The equipment had a book value of 50000 at january 1 2010

wilson owned equipment with an estimated life of 10 years when it was acquired for an original cost of 80000. the

  Clear water is considering introducing a water filtration

clear water is considering introducing a water filtration device for its 20-ounce water bottles. market research

  Should the company accept or reject the offer

Calculate the combined total net income if the company accepts the offer to sell additional units at the reduced price of $13 per unit (Normal value? Additional value? Combined value?)

  What is the level of accounts receivables

Greene Sisters has a DSO of 20 days. The company's average daily sales are $20,000. What is the level of its accounts receivables? Assume there are 365 days in a year.

  Prepare the adjusting entries at march 31 assuming that

the ledger of piper rental agency on march 31 of the current year includes the followingselected accounts before

  Prepare the necessary journal entries to record the sale

Ramsden Manufacturing sold merchandise with a gross price of $25,000 to Garner's Hardware Store. Ramsden offered terms of 3/10, n/30.

  Glaser health products of ranier falls georgia is organized

glaser health products of ranier falls georgia is organized functionally into three divisions operations sales and

  An owner of 1000 shares of simmons company common stock

an owner of 1000 shares of simmons company common stock receives a stock dividend of 6 shares. a. what is the effect of

  Dollars at the departure date

what amount of gain or a loss did she experience on the 50,000 pesos she held during her visit and converted to u.s. dollars at the departure date?

  When a company exchanges goods for goods of another company

1. when a companys activities involve production through natural growth or aging of biological assets plant or living

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd