Suppose Cape Cod Railways total revenues are ($4,900,000), its variable costs are ($2,900,000), and its fixed costs
Question:
Suppose Cape Cod Railway’s total revenues are \($4,900,000\), its variable costs are \($2,900,000\), and its fixed costs are \($1,300,000\). Compute the breakeven point in dollars.
a. $410,000
b. $4,200,000
c. $3,170,732
d. $4,900,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9780135080191
2nd Edition
Authors: Charles T Horngren, Jr Walter T Harrison
Question Posted:
Students also viewed these Business questions
-
The Cover-up Drapery Company carries four types of fabric with the following characteristics: Type Annual Demand (yards) Item Cost per Yard 1 300 $20 2 250 $18 3 100 $12 4 200 $8 Assume that the...
-
I am having difficulty with an assignment. I got a few wrongs. - I have to identify whether a variable is present or not. I have to choose between: category or qualitative quantitative, or it is not...
-
The Goldman Company retails two products, a standard and a deluxe version of a luggage carrier. The budgeted income statement is as follows: REQUIRED 1. Compute the breakeven point in units, assuming...
-
Mike and Linda are a married couple who file jointly and have $100,000 of taxable income. They have three dependent children who are full-time students in 2022. Mike and Linda provided $8,000 of...
-
State whether the sign of the entropy change expected for each of the following processes will be positive or negative, and explain your predictions. (a) PCl3(l) + Cl2(g) PCl5(s) (b) 2HgO(s) 2Hg(l)...
-
Duration is a measure of the sensitivity of an asset or a liability to a change in interest rates. Why would bank management want to know the duration of its assets and liabilities?
-
Research Problem 4. The foreign tax credit is especially valuable when a U.S. business earns income in a country whose income tax rates exceed those of the United States. List five countries whose...
-
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Wright Company. Additional information from Wright?s accounting records is provided also....
-
2nd part QS 23-15 Special offer LO P7 Radar Company sells bikes for $460 each. The company currently sells 4,050 bikes per year and could make as many as 4,410 bikes per year. The bikes cost $255...
-
If Cape Cod Railways fixed costs total \($40,000\) per month, the variable cost per passenger is \($10\), and tickets sell for \($59\), how much revenue must the Railway have to generate to earn...
-
If Cape Cods fixed costs total \($40,000\) per month, the variable cost per passenger is $10, and tickets sell for \($50\), what is the breakeven point in units? a. 1,000 passengers b. 686 passengers...
-
Jimmy has the following two investments in his portfolio: a. Which investment is riskier by itself and in a portfolio sense? b. What is the expected return of the portfolio? c. With a correlation...
-
Lab 1-3 Data Analytics in Auditing The purpose of this lab is to help you identify relevant questions that may be answered using data analytics in auditing. Let's evaluate how we might use master and...
-
Geography Majors The data listed below are estimated incomes (dollars) of students who graduated from the University of North Carolina (UNC) after majoring in geography. The data are based on...
-
Reproduced below from Farthington Supply's accounting records is the accounts receivable subledger along with selected general ledger accounts. Dec. 31/22 Balance Credit sales in 2023 General Ledger...
-
Listed below are pulse rates (beats per minute) from samples of adult males and females. Does there appear to be a difference? Find the coefficient of variation for each of the two samples; then...
-
When the price of an item goes down, people buy more of it because at a lower price Options: -some new people may be willing to enter the market. -the item is more valuable. -the marginal cost is...
-
The comparative balance sheets for Carmelita Vases, Inc., for December 31, 2011 and 2010 follow. During 2011, the company had net income of $24,000 and building and equipment depreciation expenses of...
-
1. What are some current issues facing Saudi Arabia? What is the climate for doing business in Saudi Arabia today? 2. Is it legal for Auger's firm to make a payment of $100,000 to help ensure this...
-
As you proceed with the Brilliant Backyards audit, you become aware that a different division of your audit firm has prepared most of the accounting records and assisted in determining the new...
-
Exercise 8-16 (Algo) Comparison of FIFO and LIFO; periodic system (LO8-1, 8-4) Alta Ski Company's inventory records contained the following information regarding its latest ski model. The company...
-
During 2014, NorthCo spent $2.10 million discovering a technical software innovation that will change the way people use their computers. This amount included $0.80 million in salaries of research...
Study smarter with the SolutionInn App