Cruiseline offers nightly dinner cruises off the coast of Miami, San Francisco, and Seattle. Dinner cruise tickets sell for $60 per passenger. Excel Cruiseline's variable cost of providing the dinner is $30 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $270,000 per month. The company's relevant range extends to 14,000 monthly passengers. a. What is the contribution margin per passenger? b. What is the contribution margin ratio? c. Use the unit contribution margin to project operating income if monthly sales total 11,000 passengers. d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $595,000.
Q: subject: General Finance
A: To compute the markup percentage using absorption cost pricing, follow these steps: 1. Calculate…
Q: I want to correct answer general accounting
A: To calculate the Present Value (PV) of future cash inflows, we can use the formula for the…
Q: Don't use ai to answer I will report you answer.
A: Step 1:Calculation of AFN: 3 parts need to be calculated:Part 1: Increase in total assetsPart 2:…
Q: ! Required information [The following information applies to the questions displayed below.] Tyrell…
A: 2).Calculation of the interest due at maturity for each of the three notes…
Q: None
A: STEP 1: Get the fair value of net asset of the acquired company (solution): NCI 10% Fair…
Q: I need answer of this question solution general accounting
A: Step 1: Define Contribution MarginThe contribution margin is determined as the difference between a…
Q: Accounting
A: Step 1: Define Accounts ReceivableIn financial accounting, accounts receivable is an asset account…
Q: Round your answer to nearest $.
A: Explanation: In the given case, we are required to calculate the present value of the lease using…
Q: I need answer of this question solution general accounting
A: Step 1: Define Return RatiosThe most prominent ratios that are calculated and analyzed in the return…
Q: Question 5 points accounting prblm
A: Step 1: Calculate the cost of standard boxes: • Multiply the quantity of standard boxes by the…
Q: Broske industries... Financial accounting
A: Step 1: Define Residual Dividend PolicyThe residual dividend policy states that dividends should be…
Q: Get correct answer general accounting
A: Step 1: Define Investment TurnoverInvestment turnover is used to measure how well a company uses its…
Q: Calculate cash flow operating leverage on these financial accounting question
A: Step 1: Define Operating LeverageOperating leverage reflects the earning capacity of the business,…
Q: Please provide this account question solution ❓
A: Step 1:In given question products are purchased at lump sump price . So we need to call allocate…
Q: Given answer Accounting
A: Step 1: Define Cost of Goods SoldThe difference between the cost of goods available for sale and the…
Q: Solve these general accounting question
A: Step 1: Define Rate VariancesThe rate or price variances calculated in standard costing measure that…
Q: Financial accounting
A: Step 1: Define Return on AssetAssets are the valuables that a company uses in the business like…
Q: Provide this question solution general accounting
A: Step 1: Define Contribution MarginA company's contribution margin can be expressed in total or on a…
Q: I need answer of this question general finance
A: Step 1: Define Statement of Cash FlowsA cash flow statement is an important aspect of a company's…
Q: Question: Financial Accounting Evergreen Industries reported sales $600,000, cost of goods sold…
A: Explanation of Sales: Sales represents the total revenue generated from the primary business…
Q: None
A: Tack, Inc. - Journal Entries for 20X1 CorrectionsTo correct the errors made in 20X0, Tack, Inc. will…
Q: I want to correct answer accounting
A: Step 1: Define NotePromissory notes issued by the borrower to the lender. The notes include…
Q: Financial Accounting
A: Step 1: Define Accounts ReceivableThe grant of goods and services to a customer on an on-account…
Q: Hart company made 3,000...financial
A: Step 1: Define VarianceVariance means the changes in the actual output compared to the standard…
Q: Accounting question
A: Step 1: Formula Ending balance = Beginning balance + Cash receipts - Cash disbursementsBeginning…
Q: Return of Assets? Find out
A: Explanation: The formula to calculate return on assets is = (Net income/Average total assets) *…
Q: Find the required provision for doubtful debts
A: Explanation of Accounts Receivable:Accounts Receivable refers to the amount of money owed to a…
Q: Can you answer this accounting question?
A: a. • Step 1: Subtract variable cost per unit from selling price per unit• Step 2: Divide the result…
Q: Need answer with this accounting question
A: Step 1: Define Fixed Manufacturing OverheadUnder absorption costing, we consider the fixed…
Q: what is the price earnings ratio?Please give me answer
A: 1.Step 1: Find the earnings per share (EPS): * Additions to retained earnings = $290,000 * Cash…
Q: Use the following information..given answer Accounting
A: Return on Equity = Net Income/Shareholders Equity Return on Equity = 645/(980+1720) Return on Equity…
Q: Solve these accounting question
A: Accounts Receivable Turnover = Net Sales / Average Accounts Receivable Average Accounts Receivable =…
Q: Business 123 Introduction to Investments May I please have the solution for the following question?…
A: Explanation:The problem involves calculating three key metrics for a bond: the current yield, yield…
Q: cost account
A: To compute the markup percentage using absorption cost pricing, we need to follow these steps: 1.…
Q: Need HElp with Accounting MEtter
A: Question 1: Absorption vs. Variable Costing Step 1: Understand the Key ConceptsAbsorption…
Q: Get correct answer general finance...
A: 1) First, let's identify what we need: * Each product unit requires 2 pounds of raw material *…
Q: Provide this question solution general accounting
A: Step 1: Identify the quick assetsStep 2: Sum up the quick assetsStep 3: Identify the current…
Q: Please provide right answer
A: Explanation of Face Value: Face value, also known as par value, is the nominal or stated value of a…
Q: Benham Foundries manufactures metal components. The inventory policy at Benham is to hold inventory…
A: Step 1:First calculate the estimated ending inventory: Estimated ending inventory = Average monthly…
Q: I want to correct answer accounting
A: Step 1: Define Cost Of Goods SoldThe cost of goods sold means the cost of the products which are…
Q: ???
A: Explanation of Stable Monetary Unit Assumption: This is a fundamental accounting principle assuming…
Q: What is the 2017 profit margin on this accounting question?
A: Step 1: Define Profit MarginThe efficiency of the company operations can be gauged by the amount of…
Q: General Accounting: answer me
A: Hello student! Economic Entity Assumption simply states that the business' activities must be…
Q: Need answer the general accounting question do fast
A: Step 1: Define Benefit-cost RatioThe benefit-cost ratio is the ratio between the benefits of a…
Q: Provide correct answer the general accounting question answer do fast
A: Step 1: Define TurnoverThe turnover ratio measures the worth of sales or revenues compared to the…
Q: Get correct answer general accounting
A: Step 1: Define Operating Cash FlowOperating cash flow is the total amount of cash flow generated by…
Q: Milano Pizza has a small area for in-store dining as well as offers take-out and free home delivery…
A: Hello student! A Flexible Budget Performance Report shows two major variances: Revenue and Spending…
Q: Financial Accounting
A: Step 1: Define Return on AssetsReturn on assets is a profitability ratio that is computed by…
Q: Choose the correct answer
A: Detailed Explanation: • The fact-level neutrality means that an independent objective of reporting…
Q: Question: MCQ Accounting When should the periodicity assumption be modified? a) Never under any…
A: Explanation of Periodicity Assumption: The periodicity assumption is a fundamental accounting…
Accounting question
Step by step
Solved in 2 steps
- FunTime Cruiseline offers nightly dinner cruises departing from several cities on the east- ern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. FunTime Cruiseline's variable cost of providing the dinner is $30 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $210,000 per month. The company's rel- evant range extends to 20,000 monthly passengers.Flow Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $60 per passenger. Flow Cruiseline's variable cost of providing the dinner is $30 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $270,000 per month. The company's relevant range extends to 15,000 monthly passengers. The breakeven sales are 9,000 tickets sold. a. Compute the operating leverage factor when Flow Cruiseline sells 10,000 dinner cruises. b. If volume increases by 8%, by what percentage will operating income increase? c. If volume decreases by 6%, by what percentage will operating income decrease? a. Compute the operating leverage factor when Luxury Cruiseline sells 10,000 dinner cruises. (Round your answer to one decimal place.) First, identify the formula, then compute the operating leverage factor.…Super Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. Super Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $270,000 per month. The company's relevant range extends to 19,000 monthly passengers. Use this information to compute the following: a. What is the contribution margin per passenger? b. What is the contribution margin ratio? c. Use the unit contribution margin to project operating income if monthly sales total 16,000 passengers. d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $520,000.
- Classy Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $80 per passenger Classy Cruiseline's variable cost of providing the dinner is $40 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $240,000 per month. The company's relevant range extends to 15,000 monthly passengers. If Classy Cruiseline sells an additional 600 tickets, by what amount will its operating income increase (or operating loss decrease)? Came First, identify the formula, then compute the operating income increase (or operating loss decrease) Operating |Super Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $80 per passenger. Super Cruiseline's variable cost of providing the dinner is $40 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $240,000 per month. The company's relevant range extends to 18,000 monthly passengers. If Super Cruiseline sells an additional 600 tickets, by what amount will its operating income increase (or operating loss decrease)? First, identify the formula, then compute the operating income increase (or operating loss decrease). Operating =Flow Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. Flow Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $210,000 per month. The company's relevant range extends to 13,000 monthly passengers. d.
- Ocean Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise fickets sell for $50 per passenger. Ocean Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $210,000 per month. The company's relevant range extends to 15,000 monthly passengers. The breakeven sales are 7.000 tickets sold. a. Compute the operating leverage factor when Ocean Cruiseline sells 8,750 dinner cruises b. If volume increases by 8%, by what percentage will operating income increase? c. If volume decreases by 3%, by what percentage will operating income decrease? a. Compute the operating leverage factor when Ocean Cruiseline sells 8,750 dinner cruises. (Round your answer to one decimal place.) First, identify the formula, then compute the operating leverage factor.…Fir Luxury Cruiseline offers nightly dinner cruises off the coast of Nanaimo and Victoria. Dinner cruise tickets sell for $60 per passenger. Luxury Cruiseline's variable cost of providing the dinner is $15 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $180,000 per month. The company's relevant range extends to 20,000 monthly passengers. Use this information to compute the following: a. What is the contribution margin per passenger? b. b. What is the contribution margin ratio? c. Use the unit contribution margin to project operating income if monthly sales total 17,000 passengers. Fir d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $620,000.Super Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $80 per passenger. Super Cruiseline's variable cost of providing the dinner is $40 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $240,000 per month. The company's relevant range extends to 14,000 monthly passengers. Use this information to compute the following: a. What is the contribution margin per passenger? b. What is the contribution margin ratio? c. Use the unit contribution margin to project operating income if monthly sales total11,000 passengers. d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $515,000.
- amounts with a $0 balance, make sure to enter " 0 " in the appropriate input field.) Now compute the breakeven point in sales dollars. Enter the formula, then compute the breakeven sales. (Enter the contribution margin ratio as a whole percent. For amounts with a $0 balance, make sure to enter " 0 " in the appropriate input field.)i need parts A-DPlease do not give solution in image format ?