If the Grand Canyon Railways volume decreases by 8%, by what percentage will its operating income decrease?
Question:
If the Grand Canyon Railway’s volume decreases by 8%, by what percentage will its operating income decrease?
Q 48%
h. 1%
c. 26.16%
d. 8%
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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Managerial Accounting
ISBN: 9780138129712
1st Edition
Authors: Linda Smith Bamber, Karen Wilken Braun, Jr. Harrison, Walter T.
Question Posted: