How much of the fuel budget would remain unused

Assignment Help Accounting Basics
Reference no: EM132718488

Question - An airline has been tasked with repatriating SA citizens who are currently stranded in Europe due to the Covid 19 crisis. The airline has been given a budget of R3.5 million rands by donors for fuel to transport 12 000 passengers. The airline has 2 types of aircraft, a large and smaller one. The fuel costs for a return flight are R145 000 and R85 000 respectively. The labour hours for each return flight are 12 hours for the large plane and 8 for the small with a total of 300 hours budgeted for the month. (The labour budget is not part of the fuel budget). The large plane can transport 650 passengers while the smaller one can transport 350 passengers. Due to the urgency of the matter, each type of plane must make at least 10 trips to Europe.

You are required to use Solver on excel to answer the questions that follow.

1. How many return trips should each type of aircraft make in order to bring home the 12 000 passengers while minimizing fuel costs and the hours for the month?

2. How much of the fuel budget would not be used?

3. How many crew hours would be left for the month?

4. Before any flights have embarked on the mission, it has been discovered that an additional 1500 SA citizens have indicated their desire to return home. How many trips would be required now given this increase in passenger numbers?

5. How much of the fuel budget would not be spent?

6. Given that 13500 passengers need to be transported and that the government would like to substitute the smaller plane for a medium sized plane that can carry 450 passengers with fuel costs of R100 000 per return flight. Labour hours would be the same as the small aircraft.

7. How many flights would be taken then by the large and medium aircrafts? (Assume no restriction on the number of flights each aircraft can make)

8. How much of the fuel budget would remain unused?

Reference no: EM132718488

Questions Cloud

Compute what is the earnings per share : The income statement for Carlos Inc. If Carlos has 100,000 shares of common stock outstanding throughout the year, what is the earnings per share?
What modifications required when performing assesment : What modifications from the adult head-to-toe physical assessment would be required when performing a head-to-toe assessment on a geriatric client?
Find how the bonds would be reported on the balance sheet : Carlos Corporation issues $100,000 of bonds for $89,000. Show how the bonds would be reported on the balance sheet at the date of issuance.
Make the entry to record the redemption of the bonds : Assume also that the carrying value of the bonds at the redemption date is $101,607. Prepare the entry to record the redemption of the bonds.
How much of the fuel budget would remain unused : The fuel costs for a return flight are R145 000 and R85 000 respectively. How much of the fuel budget would remain unused
Describe the sdoh that affect the family health status : Describe the SDOH that affect the family health status. What is the impact of these SDOH on the family? Discuss why these factors are prevalent for this family.
Human cost of production : Choose a product you own and try to discover where it was made, and whether or not the conditions of its production are similar to those described
Journal entry to record the admission of christine : Sarah and Jerome are partners who have capital balances and profit and loss. Compute the book value of the partners' interest acquired by Christine
How much is the amount of bonus and who will received : Assuming that Omar invests cash of P150,000 for a 35% in the new firm capital of P3330,000, how much is the amount of bonus and who will received it?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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