Question
If Cape Cods Railway's fixed costs total $80,000 per month, the variable cost per passenger is $80, and tickets sell for $100. How much revenue
If Cape Cods Railway's fixed costs total $80,000 per month, the variable cost per passenger is $80, and tickets sell for $100. How much revenue must the Railway generate to earn $110,000 in operating income per month?
A. $950,000
B. $9,500
C. $190,000
D. $237,500
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Financial Accounting And Reporting A Global Perspective
Authors: Herv Stolowy, Yuan Ding
5th Edition
1473740207, 978-1473740204
