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Author Question: Answer the following questions using the information below: Southwestern College is planning to hold ... (Read 56 times)

Themember4

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Answer the following questions using the information below:

Southwestern College is planning to hold a fund raising banquet at one of the local country clubs. It has two options for the banquet:



Southwestern College has budgeted $1,800 for administrative and marketing expenses. It plans to hire a band which will cost another $800. Tickets are expected to be $30 per person. Local business supporters will donate any other items required for the event.


Which option has the lowest breakeven point?
◦ Option one
◦ Option two
◦ Both options have the same breakeven point.
◦ The lowest breakeven point cannot be determined.


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Marked as best answer by Themember4 on Mar 6, 2021

todom5090

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Themember4

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


nanny

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Reply 3 on: Yesterday
Excellent

 

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