Use the information below to answer the following question(s) .Big Sports University is planning to hold a fund raising banquet at one of the local country clubs.It has two options for the banquet:
1.Foothills Country Club
2.Downhill Country Club
Big Sports has budgeted $900 for administrative and marketing expenses.It plans to hire a band, which will cost another $400.Tickets are expected to be $40 per person.Any other items required for the event will be donated by its local business supporters.
-How many people must purchase tickets assuming option two is chosen, and Big Sports expects to raise $4,820 for the athletic fund? Assume no one pays more than the cost of his/her ticket.
Definitions:
Transfer Warranties
Legal assurances given by a seller to a buyer regarding the title, quality, and condition of goods or property being sold.
Check-Collection
The process of receiving and processing checks to obtain payment from the banking institutions on which they are drawn.
Disclaimed
Refused to acknowledge or accept something, especially legal claims or responsibility.
Warranty Liability
The legal obligation of a seller or manufacturer to repair, replace, or compensate for a defective product within a specified time period.
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