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Live It Cruiseline offers nightly dinner cruises off the coast of Miami, San Francisco, and Seattle. Dinner cruise tickets sell for $80 per passenger. Live
Live It Cruiseline offers nightly dinner cruises off the coast of Miami, San Francisco, and Seattle. Dinner cruise tickets sell for $80 per passenger. Live It 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 14,000 monthly passengers. If Live It Cruiseline has a target operating income of $40,000 per month, how many dinner cruise tickets must the company sell? Question 1 options: 7,000 3,000 6,000 5,000
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