Northwest Wings Fishing Expeditions provides charter air service from Seattle Washington to remote fishing villages in southern Alaska. The CFO is working on the budget for February 2020 and uses same period comparables to complete the analysis. Average ticket price per passenger each way (passenger- segment) is $355. The airline has one 15-passenger aircraft and is capable of 40 flight-segments per month. Actual results from February 2020 are provided below. PPS % 355 100.0% 85 23.9% Northwest Wings Fishing Expeditions Contribution Analysis - February 2020 Total $ Revenue $ 168,980 $ Variable Costs $ 40,460 $ Contribution Margin 128,520 $ Fixed Costs $ 100,000 Operating Income before Tax 28,520 Income Taxes S 5.989 Net Income After Tax 22,531 $ 270 76.1% MI $ Average ticket price per passenger-segment Average variable cost per passenger segment Fixed cost per month Tax rate Number of segments Passenger-segment capacity Actual use of operating capacity 355 85 100,000 2196 4.76 600 7996 1. How many passenger-segments are needed for Northwest Wings to achieve breakeven? (Basic CVP analysis) 2. At what percent of capacity would the airline need to operate to achieve $25,000 net income after tax? (Target profit analysis) 3. If the average ticket price increased to $375 (from $355), how many passenger-segments would be needed to achieve $25,000 net income after tax? (Marginal analysis) 4. If the company spends $6,000 on advertising in February 2020, how many more passenger-segments will be necessary to achieve the same level of net income after tax achieved in February 2019? (Marginal Analysis) 5. Referring to the February 2019 results, if revenue increased by 8%, what would be the %A in operating income before tax? (DOL analysis)