An event manager who is planning an annual forum is trying to figure out how much to charge attendees for admission. What registration fee would be needed to break-even given the following? Fixed costs: $3,500/ Variable costs: $95 per person / Anticipated number of attendees: 700 150 100 200 50

An event manager who is planning an annual forum is trying to figure out how much to charge attendees for admission. What registration fee would be needed to break-even given the following? Fixed costs: $3,500/ Variable costs: $95 per person / Anticipated number of attendees: 700 150 100 200 50

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter15: Decision Analysis

Section: Chapter Questions

Problem 5P: Hudson Corporation is considering three options for managing its data warehouse: continuing with its...

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Concept explainers

Risk Management Techniques

Risk management is the procedure of recognizing, analyzing, monitoring, and preventing the risks and threatening factors of investments and business. Risks can arise from various factors including internal controls, market changes, natural disasters, and failure in productions. Risk management techniques enable entities to control and minimize the risks as well as the threatening factors of the business and it also helps to improve the business.

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An event manager who is planning an annual forum is trying to figure out how
much to charge attendees for admission. What registration fee would be needed to
break-even given the following?
Fixed costs: $3,500 / Variable costs: $95 per person / Anticipated number of
attendees: 700
150
100
200
O 50

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