Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Great Cruselene oftars nighy diner criaes depating bom several oltes on the sastem coest of Uve this informaton to conyxte the folowing FSe per passenger,
Great Cruselene oftars nighy diner criaes depating bom several oltes on the sastem coest of Uve this informaton to conyxte the folowing FSe per passenger, Great Cniselineis variable cost of providing the denner in 520 per passervet. a. Whal is the cortribufon marin per peasenger? and the fored coet of operabing the vosses (depreciation, salshes, docking tees, and b. What is the cortroution margin facio? other expection) is $210.000 per month. The compary'e relovant runge exdends is 20.000 morehly c. Use Eve init contrbution maroin to propect ocerating incoime if montily aidea tuia passengen 17,000 passengen. d. Use the contritution margin rato to propect cperaing inoome it monbly salna thventie totals 4900.000 a. What is the contritution margin per passenger? Eint identfy the formula, then compule the contribition margin per passengec. b. What is the contrbution margin ratie? (Entor the contrbution margis ratio as a whole pereent) First identify the farmula, then compute the contribution margin ratio. c. Use the unz contribwion margin to propect operating income if monthly sales fotal 17,000 passengen. The operating incomene is d. Use the contradion matgis rato to project operating income If mochly sales revenue totals $490,000. The operatiog inoorene is
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