Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Big Apple Airlines operates 35 scheduled round-trip flights between New York and Chicago each week. It charges a fixed one-way fare of $200 per passenger. Big Apple Airlines can carry 150 passengers per flight. Fuel and other flight related costs are $5,000 per flight. On-flight meals are $5 per passenger. Sales commissions averaging 5% of sales are paid to travel agents. Flying crew, ground crew, advertising, and other administrative expenditures for the New York-Chicago route are $400,000 each week.
a. To make a profit of $700,000 per week, each of the 70 one-way flights must have how many passengers, on average? Define X. b. If the load factor is 60% on all flights, how many flights must Big Apple Airlines operate on this route to earn a total profit of $500,000 per week? Define X. c. Are fuel costs variable or fixed?
Explain. d. Big Apple Airlines accepts standby passengers on flights 30 minutes before takeoff if space is available. Assume standby passengers book their tickets through a travel agent, and that the airline pays a flat $6 commission per standby ticket rather than a 5% sales commission. What is the minimum price Big Apple Airlines can charge a standby passenger to cover the incremental costs associated with that passenger?
research the internet and identify at least three 3 websites that provide specific information useful to accountants or
Discuss the differences between the indirect and direct methods of preparing the statement of cash flows. What do you believe are the most significant advantages and disadvantages of using each method? Explain your reasoning.
larned corporation recorded the following transactions for the just completed month. a. 71500 in raw materials were
if we choose double declining balance depreciation rather than straight-line, depreciation expense in the first two years of this asset's life will be lower
how can a person tell whether an entry to an expense account is payment for a legitimate expenditure or a means of
Based on the following data for the current year, what is the accounts receivable turnover? Net sales on account during year $500,000 Cost of merchandise sold during year 300,000 Accounts receivable, beginning of year 45,000 Accounts receivable, e..
Which of the following would not indicate possible asset impairment?
Journalize the transactions. (Hint: You may wish to set up T accounts, post beginning balances, and then post 2013 transactions.) Rivera uses straight-line depreciation for buildings and equipment.
what where the total balances after adding and subtracting the adjustments giving you the adjusted trial balance totals for the month of may? for the generals favorite fishing hole comprehensive promblem.
The Winnipeg Chemical Company uses flexible budgets and a standard cost system. Prepare an analysis of all variances
at times we can generate a regression equation to explain outcomes. for example an employees salary can often be
Betty dies on February 20 of the current year. Her estate consisted of the following assets, all valued as of her date of death:
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd