Answer the Following Question(s)using the Information Below

question 67

Multiple Choice

Answer the following question(s) using the information below.Southwestern College is planning to hold a fund raising banquet at one of the local country clubs.It has two options for the banquet:
Southwestern College has budgeted $1,800 for administrative and marketing expenses.It plans to hire a band which will cost another $800.Tickets are expected to be $30 per person.Local business supporters will donate any other items required for the event.
-What is the operating income for each option if 600 people attend?

• A)$14,400 and $12,400 respectively
• B)$9,800 and $10,200 respectively
• C)$8,000 and $8,400 respectively
• D)$7,900 and $8,000 respectively
• E)$7,200 and $7,600 respectively

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Definitions:

Updating QBO Lists

The process of revising or adding new information to lists within QuickBooks Online, such as customer or vendor lists.

Navigation Bar

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A systematic listing of all accounts used by an organization, categorized to simplify the recording of financial transactions.

Disorganization

Disorganization refers to a lack of structure or order, leading to inefficiency and difficulty in finding or placing things.