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

  Describe process of preparing a trial balance

Describe the process of preparing a trial balance. What is the purpose of preparing a trial balance? If a trial balance does not balance.

  Purpose the journal entry to record the acquisition

Purpose the journal entry to record the acquisition for Mercantile Corporation instantly before the business combination

  Calculate the current ratio for sedgewick boutique

Calculate the current ratio for Sedgewick Boutique for 2014 and 2013. Suppose that at the end of 2014, Sedgewick Boutique used $1.5 million cash to pay off $1.5 million of accounts payable. How would its current ratio change

  Personal financial plan develop a personal financial plan

develop a personal financial plan detailing the financial goals that you and your family have developed.

  Well-diversified portfolios and the risk-free rate

Assume that both X and Y are well-diversified portfolios and the risk-free rate is 8%.  In this situation, you would conclude that portfolios X and Y.

  How many units were completed in february

Ralph Inc. manufactures desks. The following data was given for production in February: How many units were completed in February?

  Describe the evolving accounting standards for recording

Describe the evolving accounting standards for recording and translating foreign exchange related transactions and financial statements?

  Incremental net cash flows that would be generated

Sibble Corporation is considering the purchase of a machine that would cost $330,000 and would last for 5 years. At the end of 5 years, the machine would have a salvage value of $50,000. Gull Inc. is considering the acquisition of equipment that cost..

  Arrow construction company

Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,360,000. During 2016

  What are willow and tree realized gains or losses

In addition, Willow assumed the $150,000 mortgage on Tree’s building. What are Willow and Tree realized gains or losses on properties exchanged, respectively?

  Which time value factor should be used to solve this problem

What amount must be invested today at an annual interest rate of 5.5% if you want to purchase a $550,000 machine 5 years in the future? What is the number of time periods (n) you should use in solving this problem?  What is the desired future amount?..

  Determine contribution margin

Determine the following Contribution margin, break even, targeted profit and Gilley, Inc., sells a single product.The company's most recent income statement.

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