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Sheridan Airways Inc., a small two - plane passenger airline, has asked for your assistance in some basic analysis of its operations. The planes seat
Sheridan Airways Inc., a small twoplane passenger airline, has asked for your assistance in some basic analysis of its operations. The
planes seat passengers each, and they fly commuters from Sheridan's base airport to the major city in the province, Metropolis.
Each month, roundtrip flights are made. Shown below is a recent month's activity in the form of a costvolumeprofit income
statement.
a
Calculate the breakeven point in dollars and number of fares.
Breakeven point
$
Breakeven point
fares
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