ADMS2510 F2010 Midterm I-V1A_ with Solutions

Adms2510 f2010 midterm i v1a with solutions

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Unformatted text preview: o o o o o o o o Multiple Choice Questions / 30 marks (72 minutes) Problem: 1) Problem: 2) / 10 marks (24 minutes) / 10 marks (24 minutes) Total Marks / 50 marks (120 minutes) e) none of the above ANS: E Option 1. Hand Valley City Club 1. $55.00 per plate for entrees. 2. Fixed event cost of $7,000. Option 2. Upslope Suburban Club 1. Use of outside caterers which charge $40.00 per plate for entrees. 2. Fixed event cost of $10,080. ANS: D Event cost $10,080 Adm & Mkt 8,020 Entertainment 3,500 Fixed cost $21,600 Revenue per invitation Catering Contribution Margin $400 40 $360 Breakeven point: $21,600 / $360 = 60 invitations 14. What is the profit before tax (i.e. operating in...
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This note was uploaded on 04/08/2011 for the course ADMS 2510-25113 taught by Professor Sim during the Spring '11 term at York NE.

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