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 $570 for the event plus $14.90 per guest for food. The university has budgeted $815 for administrative and marketing expenses. It plans to hire a band, which will cost another $405. Tickets are expected to sell for $38.30 per guest. Ignore taxes. What is the degree of operating leverage if 241 guests attend?
Question 27 options:
| 1.43 | |
| 1.47 | |
| 1.50 | |
| 1.54 | |
| 1.57 |
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