The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of the programs offered by the center is a quarterly Business Intelligence Symposium. Each symposium features three speakers on the real-world use of analytics. Each corporate member of the center (there are currently 10) receives five free seats to each symposium. Nonmembers wishing to attend must pay $75 per person. Each attendee receives breakfast, lunch, and free parking. The following are the costs incurred for putting on this event: Rental cost for the auditorium Registration processing Speaker costs Continental breakfast Lunch Parking $150 $8.50 per person 3@$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 to two 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 your intermediate calculations. If required, round your answer to the nearest whole number. 76 nonmember registrants

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on applied
research and continuing education in business analytics. One of the programs offered by the center is a quarterly Business
Intelligence Symposium. Each symposium features three speakers on the real-world use of analytics. Each corporate member of
the center (there are currently 10) receives five free seats to each symposium. Nonmembers wishing to attend must pay $75 per
person. Each attendee receives breakfast, lunch, and free parking. The following are the costs incurred for putting on this event:
Rental cost for the auditorium
Registration processing
Speaker costs
Continental breakfast
Lunch
Parking
$150
$8.50 per person
3@$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 to
two 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 your
intermediate calculations. If required, round your answer to the nearest whole number.
76
nonmember registrants
Transcribed Image Text:The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of the programs offered by the center is a quarterly Business Intelligence Symposium. Each symposium features three speakers on the real-world use of analytics. Each corporate member of the center (there are currently 10) receives five free seats to each symposium. Nonmembers wishing to attend must pay $75 per person. Each attendee receives breakfast, lunch, and free parking. The following are the costs incurred for putting on this event: Rental cost for the auditorium Registration processing Speaker costs Continental breakfast Lunch Parking $150 $8.50 per person 3@$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 to two 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 your intermediate calculations. If required, round your answer to the nearest whole number. 76 nonmember registrants
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