If the Grand Canyon Railway wants to earn $100,000 in profit per month, how many tickets must
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If the Grand Canyon Railway wants to earn $100,000 in profit per month, how many tickets must it sell?
a. 1,000
b. 31,000
c. 30,000
d. 3,000 Grand Canyon Railway operates a turn-of-the-century train that transports passengers from Williams, Arizona, to the Grand Canyon and back every day. Assume that the train tickets sell for $60 per passenger, the railway’s variable costs are $10 per passenger, and its fixed expenses are $50,000 each month.
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Related Book For
Managerial Accounting
ISBN: 9780138129712
1st Edition
Authors: Linda Smith Bamber, Karen Wilken Braun, Jr. Harrison, Walter T.
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