What is contribution margin per ticket

Assignment Help Financial Accounting
Reference no: EM13140781

Ruben intends to sell his customers a special round-trip airline ticket package. He is able to purchase the package from the airline carrier for $300 each. The round-trip tickets will be sold for $200 each and the airline intends to reimburse Ruben for any unsold ticket packages. Fixed costs include $10,000 in advertising costs. What is the contribution margin per ticket?

Reference no: EM13140781

Questions Cloud

What is the volume of 0.75 mol of benzene : What is the Volume of 0.75 mol of Benzene (C6H6) at 20.7 degrees C. The density of Benzene is 0.879 g/mL
Journal entries to establish the petty cash : The petty cash fund of Western Glass Company contained the following items on November 30, 2009: Prepare the journal entries to establish the petty cash account and to replenish the fund at the end of November.
Role of the different types of auditors : Examine the role of the different types of auditors. Determine what situations are most appropriate for each type of auditor.
The pinto case : Read the summary on the "The Pinto Case." Review the ethical triangle and then answer the questions in 2 paragraphs.
What is contribution margin per ticket : The round-trip tickets will be sold for $200 each and the airline intends to reimburse Ruben for any unsold ticket packages. Fixed costs include $10,000 in advertising costs. What is contribution margin per ticket?
Which of the following are vectored by the kissing bug : which of the following are vectored by the kissing bug, Triatoma sangusuga? A) Ttypanosoma cruzi B) Toxocara cania C) Heterakis gallinae D) Neoechinorhynchus saginatus E) Leishmania tropica
Explain using the routh hurwitz method : Using the Routh Hurwitz method, find the values of k for which the following polynomial has all its roots to the left of s = -1.
Why did nibco decide to purchase an erp system? : Why did NIBCO decide to purchase an ERP system?
What is its empirical formula : Hydroxylamine hydrochloride is a powerful reducing agent which is used as a polymerization catalyst. It contains 5.80 mass % H, 20.16 mass % N, 23.02 mass % O, and 51.02 mass % Cl. What is its empirical formula?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Illustrate discount factor did you use to discount

What discount (interest rate) factor did you use to discount future dollars to today's dollars and why? There is no right or wrong answer and even actuaries have to adjust their numbers annually at times.

  Calculate the total bond interest expense over the bonds

Calculate the total bond interest expense over the bonds’ life. Prepare a straight-line amortization table like Exhibit 10.11 for the bonds’ life.

  What will be the overhead rate per hour

The company estimates that 80,000 direct labor and 64,000 machine hours will be worked during the year. If overhead is applied on the basis of machine hours, what will be the overhead rate per hour?

  Make income statement and retained earnings statement

Make income statement  and retained earnings statement and balance sheet  and calculate certain ratios required by the image file details.

  Purpose a direct materials budget for the seasoning

Purpose a direct materials budget for the seasoning, by month an in total for the second quarter. Be sure to include both the quantity to be purchased and its cost for each month.

  What could be the expected operating income per week

What could be the expected Operating Income per week? When both machines are working how many of each unit should OSC produce?

  Evaluate the abc cost of a resident day for each category

Evaluate the ABC cost of a resident day for each category of residents using assistance hours as the cost driver.

  Change the balance in accounts receivable

Collections of accounts receivable that previously have been written off and Which of the following do  not  change the balance in Accounts receivable

  Determine the npv for the purchase

Determine the NPV for the purchase, lease without the service contract, and the lease with the service contract.

  How many meals must the homs serve each night to earn

Compute the annual breakeven number of meals and sales revenuefor the restaurant. Also compute the number of meals and the amountof sales revenue needed to earn operating income of $75,600 for theyear. How many meals must the Homs serve each night..

  Illustrate which alternative should john choose

John Roberts is 55 years old and has been asked to accept an early retirement from his company. The company has offered John three alternative compensation packages to induce John to retire: Illustrate w hich alternative should John choose assumin..

  The statement of cash flows

The statement of cash flows and must be prepared on a daily basis and summarizes the operating, financing, and investing activities of an entity

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!

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