Pat's Custom Tuxedo Shop maintains its records on the cash basis. During this past year Pat's collected $42,800 in tailoring fees, and paid $13,300 in expenses. Depreciation expense totaled $1,700. Accounts receivable increased $1,250, supplies increased $4,900, and accrued liabilities increased $2,000. Pat's accrual-basis net income was:

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.