Larry Bar opened a frame shop and completed these transactions: Larry started the shop by investing $40,500 cash and equipment valued at $18,500. Purchased $120 of office supplies on credit. Paid $1,700 cash for the receptionist's salary. Sold a custom frame service and collected $5,000 cash on the sale. Completed framing services and billed the client $250. What was the balance of the cash account after these transactions were posted

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.