please see attached i need help on my accounting homework.

3/22/2016 WileyPLUS Exercise 204 Comfi Airways, Inc., a small twoplane passenger airline, has asked for your assistance in some basic analysis of its operations. Both planes seat 10 passengers each, and they fly commuters from Comfi's base airport to the major city in the state, Metropolis. Each month, 40 roundtrip flights are made. Shown below is a recent month's activity in the form of a costvolumeprofit income statement. Fare revenues (400 passenger flights) $64,000 Variable costs Fuel $15,240 Snacks and drinks 760 Landing fees 2,000 Supplies and forms 1,200 Contribution margin 19,200 44,800 Fixed costs Depreciation 3,000 Salaries 16,840 Advertising 300 Airport hanger fees 1,700 21,840 $22,960 Net income Calculate the breakeven point in dollars. Breakeven point $ LINK TO TEXT Calculate the breakeven point in number of passenger flights. Breakeven point flights LINK TO TEXT Without calculations, determine the contribution margin at the breakeven point. Breakeven point $ LINK TO TEXT If ticket prices were decreased by 10%, passenger flights would increase by 25%. However, total variable costs would increase by the same percentage as passenger flights. (1) How much would net income be impacted by this change? http://edugen.wileyplus.com/edugen/lti/main.uni 1/2 3/22/2016 Net income WileyPLUS to $ (2) Should the ticket price decrease be adopted? http://edugen.wileyplus.com/edugen/lti/main.uni 2/2