A university is planning to hold an event at a local venue, which will charge...
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Accounting
A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $720 for the event plus $19.90 per guest for food. The university has budgeted $965 for administrative and marketing expenses. It plans to hire a band, which will cost another $555. Tickets are expected to sell for $43.30 per guest. Ignore taxes. What is the cash break-even point as measured in the number of tickets sold? 91 94 96 98 101
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