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Sheffield Airways, Inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis of its operations. Both planes seat 10
Sheffield Airways, Inc., a small two-plane 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 Sheffield's base airport to the major city in the state, Metropolis. Each month, 40 round-trip flights are made. Shown below is a recent month's activity in the form of a cost-volume-profit income statement. Fare revenues (400 passenger flights) $48,000 Variable costs Fuel $17,210 Snacks and drinks 760 Landing fees 2,100 Supplies and forms 1,050 21,120 Contribution margin 26,880 Fixed costs Depreciation 2,900 Salaries 15,260 Advertising 400 Airport hanger fees 1,600 20,160 Net income $6,720 (a1) Calculate the break-even point in dollars. Break-even point eTextbook and Media Save for Later Using multiple attempts will impact your score. 15% score reduction after attempt 2 Attempts: 0 of 3 used Submit Answer (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above.
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