User Account

All Pages

Calculate the number of tickets sunshine must sell

Assignment Help Financial Accounting
Reference no: EM131143987

Sunshine Tours is a travel agency specializ ing in cruises between Miami and Jamaica. It books passengers on Carib Cruises.

Sunshine's fixed costs are $22,000 per month.

Carib charges passengers $1,000 per round trip ticket.

REQUIRED:-

Calculate the number of tickets Sunshine must sell each month to

(a) Break even and

(b) Make a target operating income of $10,000 per month in each of the following independent cases.

1. Sunshine's variable costs are $35 PER TICKET AND CARIB CRUISES PAYS SUNSHINE 8% COMMISSION ON THE TICKET PRICE.

2. Sunshine's VARIABLE COSTS ARE $29 PER TICKET. Carib cruises PAYS sunshine 8% COMMISSION ON THE TICKET PRICE.

3. Sunshine's VARIABLE COSTS ARE $29 PER TICKET. It RECEIVES A $48 COMMISSION PER TICKET FROM carib cruises.

Comment ON THE RESULTS.

4. Sunshine's VARIABLE COSTS ARE $29 PER TICKET. It RECEIVES A $48 COMMISSION PER TICKET FROM carib cruises. It CHARGES CUSTOMERS A DELIVERY FEE OF $5 PER TICKET. Comment ON THE RESULTS

Reference no: EM131143987

Questions Cloud

Determine the maximum absolute value of the shear : Assuming that the reaction of the ground is uniformly distributed, draw the shear and bending-moment diagrams for the beam AB and determine the maximum absolute value
Create and format charts that display overall grade average : create and format charts that display overall grade average for the courses. - Create and format a 2-D column chart and a 3-D chart.
What''s up in the music industry : A good Section B would be another noun-phrase such as "Music Industry Trends," as opposed to a question like "What's Up in the Music Industry?"
Determine the maximum absolute value of the bending moment : Draw the shear and bending-moment diagrams for the beam and loading shown, and determine the maximum absolute value
Calculate the number of tickets sunshine must sell : Calculate the number of tickets Sunshine must sell each month to- (a) Break even and- (b) Make a target operating income of $10,000 per month in each of the following independent cases.
How much static deflection must the pad be able to withstand : It is desired to reduce the transmissibility ratio by one-fourth of its current value by adding a rubber vibration isolation pad. How much static deflection must the pad be able to withstand?
Determine the magnitude p of the forces : The C-shaped steel bar is used as a dynamometer to determine the magnitude P of the forces shown. Knowing that the cross section of the bar is a square of side 40 mm and that the strain on the inner edge was measured and found to be 450 µ, determi..
General and administrative cash outflows are : Assume all cash expenses are paid when incurred. - The budgeted Selling, General, and Administrative cash outflows for the upcoming quarter are $?
Determine the stress at point a : The couple M is applied to a beam of the cross section shown in a plane forming an angle b with the vertical.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find the not-for-profit entities

Which of the following is common to both governments and not-for-profit entities but distinguishes these entities from for-profit entities?

  Find the product cost using the given dataarmstrong helmet

find the product cost using the given data.armstrong helmet company manufactures a unique model of bicycle helmet.nbsp

  Explain why the fasb chose the settlement rate

What alternative rate, or rates, might be preferred by opponents of the settlement rate? Why?

  Prepare dated journal entries to record the transactions

Calculate Dahl's 20X6 consolidated net income and identify the amount attributable to Dahl's shareholders and to the non-controlling interest and prepare dated journal entries to record the transactions shown above.

  Operations under indirect method on statement of cash flows

Nordstrand Company's net income last year was $36,000. Changes in selected balance sheet accounts for the year appear below: Based solely on this information, the net cash provided by operations under the indirect method on the statement of cash flow..

  Determine net purchases and cost of goods purchased

Purchases $450,000; Purchase Returns and Allowances $11,000; Purchase Discounts $8,000; and Freight-in $16,000. Determine net purchases and cost of goods purchased.

  Prepare all journal entries

Prepare all journal entries, consistent with GAAP, including budgetary and encumbrance entries that the department should make in 2015.

  What are required sales if heese company desires net income

Heese Company has fixed costs of $1,500,000 and variable costs are 40% of sales. What are required sales if Heese Company desires net income of $150,000?

  Complete consolidated balance sheet working papers

The bonds pay interest on June 30 and December 31 and mature on December 31, 2010. Both Wren and Schrub use straightline amortization. Wren uses the equity method of accounting for its investment in Schrub. Complete the consolidated balance sheet w..

  What is the expected net income for each alternative

Grauberger Company has provided the following budgeting information for you to determine its expected bonus payments and cash outflows. Grauberger's bonus rate is 15 percent and its tax rate is 30 percent.

  Prepare the journal entries to record the bond issue

Truax Co. issued $250,000 of 6 percent, 10 year, callable bonds on January 1, 2013, at their face value. The call premium was 2 percent (bonds are callable at 102). Interest was payable annually on December 31. The bonds were called on December 31, 2..

  Effects of transactions on statement of cash flows

Effects of transactions on statement of cash flows - Indicate for each of the following what should be disclosed on a statement of cash flows (indirect method).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd