Lochton Athletics Club is planning an end of season Awards Dinner/Disco.
The following information has been provided.
Disco hire £135
Hire of Venue for event £265
Food/Refreshments per person £15
Price of ticket per person £20
(a) Calculate the number of tickets which the club need to sell for the Awards Dinner/Disco to break even.
(b) Calculate the number of tickets that would have to be sold to make a £250 profit.
(c) Calculate the selling price of the tickets for the event to allow the club to break even if 200 people want to attend.
(d) The club Treasurer prepares a Receipts and Payments Account and a Cash Budget. Suggest 2 other financial statements that could be prepared and explain the information they would provide to members.