Paget Integrated Solutions (40 pts) Constance Paget is the owner of Paget Integrated Solutions,...
50.1K
Verified Solution
Link Copied!
Question
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
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!