Suppose you work for the Miniola Hills Bus Company. The companys 10 buses made a total of
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Suppose you work for the Miniola Hills Bus Company. The company’s 10 buses made a total of 80 trips per day on 310 days last year, for a total of 350,000 miles. Another year like last year will put the company out of business (and you out of your job!). Your boss has come to you for help. Last year, the company lost $102,000, as shown here:
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Revenue from riders (496,000 @ $0.50). Less operating costs: Depreciation on buses. Garage rent........ Licenses, fees, and insurance. Maintenance.... Drivers' salaries.. Tires.... Gasoline and oil. Loss.. $248,000 $100,000 20,000 40,000 15,000 65,000 20,000 90,000 (350,000) ($102,000) Your boss is considering the following two plans for improving the company's profitability: (a) Plan A-change the bus routes and reduce the number of trips to 60 per day in order to reduce the number of miles driven
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Related Book For
Accounting Information For Business Decisions
ISBN: 9780030224294
1st Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley
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