Question
Cave Moles (CM) is a group of enterprising Monash College graduates who provide a cave exploring experience in the Buchan caves. The CM members have
Cave Moles (CM) is a group of enterprising Monash College graduates who provide a cave exploring experience in the Buchan caves. The CM members have been wondering whether their operation has been profitable. They have been able to furnish you with the following information detailing last years results.
Fixed Costs
$8,000.00
Variable Costs
$2,500.00
The contribution margin per trip (unit)
$2,000.00
The contribution ratio
80%
No of passengers per trip
10
You are required to provide the CM crew with the following answers.
Do not use $ signs, spaces, commas, or decimals in your answer.
The breakeven sales ($) If required round UP to the nearest dollar.
$ Answer
The number of trips to breakeven. If required round UP to the nearest unit
Answer
The profit/-loss made last year. (A "-" must be placed at the beginning of any losses)
$Answer
Ticket price charged per passenger per trip
$Answer
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