Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please answer all requirements! i will upvote cr

Please answer all requirements! I will upvote Crystal Cruiseline offers nightly dinner cruises...

70.2K

Verified Solution

Question

Accounting

  1. Please answer all requirements! I will upvoteimage
Crystal 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 $50 per passenger. Crystal 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 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 $490,000. a. What is the contribution margin per passenger? First identify the formula, then compute the contribution margin per passenger

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

During review of the adjusting entries to be recorded on December 31, 20X8, Grand Corporation discovered...

Accounting
Q

p(x)=x^4-2x^3+x^2+2x-2 zero: 1-i use the given zero to find all the zeros of the polynomial function

Basic Math
Q

THIS IS A CONCEPTUAL UNDERSTANDING QUESTION: Grapes have a lot of DNA in them. However, when...

Biology
Q

open hemisphere is centred at origin Point A d B are on the y axis...

Physics
Q

Complete parts a through h for the data below 1 0 1 2 D 2...

Statistics
Q

PORTPOLIO MANAGEMENT CASE I The balance sheet and profit and loss account of...

Accounting
Q

TP2. 11.2 Speedy delivery service recently hired a new accountant who discovered that the prior...

Accounting
Q

Par value is=S1 per share Authorized shares = 10,000,000 Outstanding shares = 4,237,000 Issued shares...

Accounting
Q

Vulcan Flyovers offers scenic overfilghts of Mount Salnt Helens. Data concerning the company's operations In...

Accounting
Q

Pronghorn Corporation traded a used truck (cost $29,600, accumulated depreciation $26,640) for a small computer...

Accounting
Q

Ecuacin contable Determine la cantidad que falta para cada uno de los siguientes: ...

Accounting
Q

Soon A 20,000 sqft office building's first-year rental rate is $24/satt. Assuming this is a...

Finance