Chapter 20 Mini Case When math is required, to receive full credit - SHOW YOUR MATH, otherwise you will not receive credit (even if the answer is correct). You must submit your answer on a word document or spreadsheet. Hand written responses are not acceptable and will not receive credit. Submit on Blackboard, if submitted via email or another source you will not receive credit. If submitted late (after the due date and time) you will not receive credit. Seabound Cruise Lines has a ship with a capacity of 1,200 passengers. A seven-day cruise has the following costs: Crew Fuel Fixed operating costs $240,000 60,000 800,000 The variable costs per passenger for the seven-day cruise includes the following: Meals Variable operating costs $900 400 The price of the cruise is $2,400 per passenger. Required: (show your math to receive partial credit for an incorrect answer) 1. Determine the breakeven number of passengers for the seven-day cruise. 2. Assume 900 passengers booked the cruise. What would be the profit or loss for the cruise? 3. Assume the cruise was booked to capacity. What would be the profit or loss for the cruise? 4. If the cruise cannot book enough passengers to breakeven, list three steps Seabound might take in resolution.