Answered step by step
Verified Expert Solution
Question
1 Approved Answer
cean Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United tates including Charleston, Baltimore, and Alexandria. Dinner cruise
cean Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United tates including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. cean Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating e vessels (depreciation, salaries, docking fees, and other expenses) is $210,000 per month. The company's levant range extends to 17,000 monthly passengers. ompute the number of dinner cruise tickets Ocean Cruiseline must sell to break even and the sales dollars eeded to break even. Compute the number of dinner cruise tickets Ocean Cruiseline must sell to break even. Use the shortcut unit contribution margin approach. First, identify the formula, then compute the breakeven sales in units. (Complete all input fields. For amounts with a $0 balance, make sure to enter " 0 " in the appropriate input field.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started