Ocean Escape Cruise Lines has a boat with a capacity of 1,200 passengers. An eight-day ocean cruise involves the following costs: Crew Fuel Fixed operating costs $240,000 60,000 800,000 The variable costs per passenger for the eight-day cruise include the following: $900 Meals Variable operating costs 400 The price of the cruise is $2,400 per passenger. A. Determine the break-even number of passengers for the eight-day cruise. B. Assume 900 passengers booked the cruise. What would be the profit or loss for the cruise? C Assume the cruise was booked to capacity. What would be the profit or loss for the cruise? D Ir the cruise cannot book enough passengers to break even how might the cruise line respond? A. Calculated break-even would be 1.000 passengers. (1,100,000/2400- 1300) Products should be processed further if the additional revenue exceeds the additional cost of processing. O True O False 10 pts Question 8 The concept that a dollar received today is worth more than a dollar received in the future is called the time value of money