based on these numbers how would i go about solving these questions? 1....
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Accounting
based on these numbers how would i go about solving these questions?
1. what is the budgeted breakeven point in dollars?
2. what is the estimated margin of safety in people when 90 people attend the party?
3. what is the degree of operating leverage at 90 people?
4.assuming PT has cash of $1000 at january 1,2018, how much cash do you estimate they will have on march 31,2018?
5. what is the estimated profit at 100 people?
6. what is the total cost of the party at 50 people?
In questions 9-15, Party Town has just won the bidding process to host a party on March 30, 2018. PT is charging their guests an admission fee of $30 per person. PT has rented a banquet hall for $800 that will accommodate up to 100 people. PT has contracted with Cathy's Catering to cater the party for $10 per person that attends (up to 100). ditional Information: At the party, it is estimated that 80% of the guests will pay at the door in cash and 20% will pay between April 1, 2018 and April 30, 2018. The estimated party guests are 80. Cathy's Catering will be paid half their fee (Cathy requires the estimate to be the max of 100 people) on March 1, 2018 and the balance will be paid on April 15, 2018. The banquet hall will be paid in full on March 1, 2018
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