Paget Integrated Solutions (40 pts) Constance Paget is the owner of Paget Integrated Solutions,...
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Accounting
- Paget Integrated Solutions (40 pts)
Constance Paget is the owner of Paget Integrated Solutions, a Web technology consulting firm based in Seattle, Washington. Paget is planning a seminar on Web applications with a popular guest speaker to take place in Houston, Texas, next spring. She wants your help in generating a budget for the seminar that will incorporate the fixed, variable, and mixed costs to determine under what conditions the seminar will be profitable for her company.
- Use formulas to find total revenue, total fixed cost, variable cost, mixed costs and balance. (Hint: Vlookup function is required to find the mixed costs)
- Use goal seek to determine what number of attendees will result in a balance of $0.
- Constance know that the registration fee for the seminar increases, the number of attendees willing to pay decreases. Change the number of attendees from a constant value to the following formula:
- Use Solver to determine the registration fee that will maximize the balance value with the constraint that the registration fee should be an integer.
100 $750 Variable Costs 150 $900 Training Material Cost (per person) $35 200 $1,000 Goodie Bag Cost (per person) $15 Total Variable Costs Meal Catering Persons Charge (per person) Fixed Costs 0 $25 Internet Hotspot $50 50 $20 Speaker Fee $900 100 $17 Speaker Travel $500 Speaker Lodging $140 Support Staff Miscellaneous $350 Persons Charge Total Fixed Costs 0 $60 50 $80 Mixed Costs 100 $100 Room Rental 200 $120 Meal Catering Support Staff Total Mixed Costs Balance
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