Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I dont understand this. Please help ASAP! Classy Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States

I dont understand this. Please help ASAP!
image text in transcribed
Classy Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $80 per passenger. Classy Cruiseline's variable cost of providing the dinner is $40 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $240,000 per month. The company's relevant range extends to 15,000 monthly passengers. Compute the number of dinner cruise tickets Classy Cruiseline must sell to breakeven and the sales dollars needed to breakeven. Compute the number of dinner cruise tickets Classy Cruiseline must sell to breakeven. 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 "o" in the appropriate input field.) Compute the sales dollars needed to breakeven. Use the shortcut unit contribution margin ratio approach. First, identify the formula, then compute the breakeven sales in dollars. (Complete all input fieide. For amounts with a so balance, make sure to enter "0. in the approprate input field. Enter the contribution margin ratio as a whole percent.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting IFRS Principles

Authors: Ilse Lubbe, Goolam Modack, Alex Watson

4th Edition

0199049238, 9780199049233

More Books

Students also viewed these Accounting questions

Question

Does your message present a conclusion?

Answered: 1 week ago