19 Oct Study the revenue and expense information provided in the book. What was the Fund-Raising Golf Scramble event’s profit (loss) last year? What was the event’s break-even entry fee? Hi
- Study the revenue and expense information provided in the book. What was the Fund-Raising Golf Scramble event’s profit (loss) last year?
- What was the event’s break-even entry fee?
Hint: ? = fixed costs + variable costs – sponsorship.
- Based on the same number of players and the same amount of sponsorship, how much would they have to increase their entry fee to make a profit of $4,000? What would be your concerns with increasing the entry fee?
Hint: The new entry fee would have to be ?. The concern with increasing the fee is ?.
- Based on the same entry fee and the same amount of sponsorship, how many players would the event have to recruit to make a profit of $4,000? What would be your concerns with adding more players?
Hint: Based on an entry fee of ?, the event would have to recruit ? players. The concern would be…?
- Other than increasing the entry fees or adding players, how could you generate additional revenue?
- How could you reduce expenses?
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