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Bramble Kars provides shuttle service between four hotels near a medical center and an international airport. Bramble Kars uses two 10-passenger vans to offer 12
Bramble Kars provides shuttle service between four hotels near a medical center and an international airport. Bramble Kars uses two 10-passenger vans to offer 12 round trips per day. A recent months activity in the form of a cost-volume-profit income statement is shown below. Fare revenues (1,450 fares) $36,250 Variable costs Fuel $4,350 Tolls and parking 2,175 Maintenance 725 7,250 Contribution margin 29,000 Fixed costs Salaries 17,300 Depreciation 1,430 Insurance 1,110 19,840 Net income $9,160
Calculate the break-even point in dollars.
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