The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on appliedresearch and continuing education in business analytics. One of the programs offered by the center is a quarterly BusinessIntelligence Symposium. Each symposium features three speakers on the real-world use of analytics. Each corporate member ofthe center (there are currently 10) receives five free seats to each symposium. Nonmembers wishing to attend must pay $75 perperson. Each attendee receives breakfast, lunch, and free parking. The following are the costs incurred for putting on this event:Rental cost for the auditoriumRegistration processingSpeaker costsContinental breakfastLunchParking$150$8.50 per person3@$800 = $2,400$4.00 per person$7.00 per person$5.00 per person(a) Build a spreadsheet model that calculates a profit or loss for 100 nonmember registrants. If required, round your answer totwo decimal places.$5606.44(b) Use Goal Seek to find the number of nonmember registrants that will make the event break even. Do not round yourintermediate calculations. If required, round your answer to the nearest whole number.76nonmember registrants

b. Use Goal Seek to find the number of nonmember registrants that will make the event break even.To…

Answered: The University of Cincinnati Center for…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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