Question

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 of the corporate members of the center (there are currently 10) receives twelve 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:	$150
Registration Processing:	$8.50	per person
Speaker Costs: 3@$800	$2,400
Continental Breakfast:	$4.00	per person
Lunch:	$7.00	per person
Parking:	$5.00	per person

(a)	The Center for Business Analytics is considering a refund policy for no-shows. No refund would be given for members who do not attend, but for nonmembers who do not attend, 50% of the price will be refunded. Build a spreadsheet model in Excel that calculates a profit or loss based on the number of nonmember registrants. Extend the model you developed for the Business Intelligence Symposium to account for the fact that historically, 25% of members who registered do not show and 10% of registered nonmembers do not attend. The center pays the caterer for breakfast and lunch based on the number of registrants (not the number of attendees). However, the center only pays for parking for those who attend. What is the profit if each corporate member registers their full allotment of tickets and 127 nonmembers register?
	If required, round your answers to two decimal places.
	$
(b)	Use a two-way data table to show how profit changes as a function of number of registered nonmembers and the no-show percentage of nonmembers. Vary number of nonmember registrants from 80 to 160 in increments of 5 and the percentage of nonmember no-shows from 10% to 30% in increments of 2%. In which interval of nonmember registrants does breakeven occur if the percentage of nonmember no-shows is 22%?
	Breakeven appears in the interval of  to  number of registered nonmembers.

Answer 1

Please repost for part b, as part a is of huge calculation and time taking.

1 Given: fee for Non- memebers 75 of member re 10*5 50 127 3 Fixed cost: 4 Rental cost for ancitorm 5 Speakcer cost 3 150 Total Number of registerations $800 2400 6 variable cost: of attendee members E6 3-E6 9 Lunch 10 P 13 Calculate the profit or loss based on number of non-member registrants 14 15 Particulars 16 Total amount obtained by re 17 Less: 18 Variable cost: 19 Registeration processin 20 Continental breakfast 21 Lunch 22 P 23 Fixed costs: 24 Rental cost for auditorium 25 Speaker cost 26 Total cost incurred 27 Profit before refund 28 Less: Refund amount for Non-attendee Non-members 29 Net profit 30 therefore, the profit is S2,281 Amount Amount B2*E3 B7*E4 B8*E4 B10*(E7+E8) 150 2400 ers) @S800 -SUM(B19:B25 -C16-C26 6*B2)*50% -C27-C28

1 Given: fee for Non memebers $ 75.0 umber of member r ation(10 5seats) 50 127 3 Fixed cost: 4 Reatal cost for auditorim S 150.0 S 2.400.0 Total Number of cost $800 6 variable cost: nber of non- attendee non-memebers Number of attendee members Number of Non-attendee members S 8.5 S 4.0 7.0 $ 5.0 114 8 Continental breakfast 9 Lunch 10 12 alculate the profit or loss based on number of non-member registrants 14 15 Particulars 16 Total amount obtained b 17 Less: 18 Variable cost: 19 Registeration proces 20 Continental breakfast 21 Lunch 22 Parkin 23 Fixed costs: 24 Rental cost for auditorium 25 Speaker cost (3 speakers) @SS00 26 Total cost incurred 27 Profit before refund 28 Less: Refund amount for Non-attendee Non-members 29 Net profit 30 therefore, the profit is $2,281 Amount Amount S 9,525.0 S1,504.50 S 708.0 S 1239.0 S 755.0 S 150.0 S 2,400.0 S 6,756.50 S 2,768.50 487.5 S2,281.00