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    Planning an Event from an Accounting Perspective

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    We are planning a fundraiser. We plan to charge $15 per ticket. We can rent a facility for $300.

    Catered food will cost of $4 per meal, plus $100 for setting up the equipment.

    A band would be hired to play for $200 plus 5% of the "gate" (gross ticket sales).

    The fundraiser would like to net at least $4,000 from the event.

    Question: How many tickets (no fractions) must be sold to achieve our goal? (Please provide specific detail in response).

    © BrainMass Inc. brainmass.com June 3, 2020, 11:36 pm ad1c9bdddf

    Solution Preview

    First, this is a variation of the break even analysis.

    Second, identity the inputs:
    1. Selling price = $15
    2. Variable cost = $4 + ...

    Solution Summary

    The solution plans an event from an accounting perspective.