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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 two-plane passenger airline, has asked for your assistance in some basic analysis of its operations. The
planes seat 10 passengers each, and they fly commuters from Sheridan's base airport to the major city in the province, 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.
(a)
Calculate the break-even point in dollars and number of fares.
Break-even point
$
Break-even point
fares
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