Moana operates a ferry service from the island of Motunul to Te Fiti, with 25 scheduled...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Moana operates a ferry service from the island of Motunul to Te Fiti, with 25 scheduled round-trip ferry rides (50 ferry rides total) per week. She charges a one-way fare of $ 20 per passenger. Each ferry ride can carry an average of 20 passengers. Trip-related costs are $ 80 per ferry ride. while refreshment costs $ 2 per passenger. General, selling, and administrative costs are $ 14,800 per week 1. Assuming Moana can only make 50 ferry rides per week, what is the contribution margin per passenger for each one-way fare? 2. Assuming Moana can only make 50 ferry rides per week, how many passengers should she have on each ride on average in order to break-even? 3. Assuming Moana on average carries 15 passengers per ride, how much is the unit variable cost per ferry ride? 4. Assuming Moana on average carries 15 passengers per ride, how many trips should she schedule per week to earn a before-tax profit of 2,000 per week? 5. Assuming Moana on average makes 50 rides per week and carries 20 passengers per ride, how much would she charge for a one-way fare in order to break-even? Moana operates a ferry service from the island of Motunul to Te Fiti, with 25 scheduled round-trip ferry rides (50 ferry rides total) per week. She charges a one-way fare of $ 20 per passenger. Each ferry ride can carry an average of 20 passengers. Trip-related costs are $ 80 per ferry ride. while refreshment costs $ 2 per passenger. General, selling, and administrative costs are $ 14,800 per week 1. Assuming Moana can only make 50 ferry rides per week, what is the contribution margin per passenger for each one-way fare? 2. Assuming Moana can only make 50 ferry rides per week, how many passengers should she have on each ride on average in order to break-even? 3. Assuming Moana on average carries 15 passengers per ride, how much is the unit variable cost per ferry ride? 4. Assuming Moana on average carries 15 passengers per ride, how many trips should she schedule per week to earn a before-tax profit of 2,000 per week? 5. Assuming Moana on average makes 50 rides per week and carries 20 passengers per ride, how much would she charge for a one-way fare in order to break-even?
Expert Answer:
Answer rating: 100% (QA)
Please give positive ratings so I can keep answering It would he Moana Working... View the full answer
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date:
Students also viewed these accounting questions
-
What is the contribution margin ratio? How is it used to calculate the break-even point?
-
What is the contribution margin ratio? How is it used to calculate the breakeven point?
-
What is the contribution margin ratio and how is it used?
-
The table shows the fees for refund anticipation loans (RALs) offered by an online tax preparation firm. Find the annual rate of interest for each of the following loans. Assume a 360-day year. (A) A...
-
A bank loan officer knows that 12% of the bank's mortgage holders lose their jobs and default on the loan in the course of 5 years. She also knows that 20% of the bank's mortgage holders lose their...
-
There are two basic types of adjusting entries-prepayments and accruals. Describe each in terms of the timing of revenue and expense recognition versus the flow of cash.
-
Identify five types of sales reports a consumer products company might generate. Specify the purpose of such a report and who should have access.
-
1. Would it be best for Victoria Oilfield Equipment to select a manager who is a local (citizen of Nigeria), a home country national (citizen of the United States), or a third-country national...
-
Why would you want to control access to a network by user and device, rather than just by user? Explain your answer.
-
Telemark-Kjemi AS manufactures an industrial solvent in two departments mixing and cooking. This question focuses on the Cooking Department. During June 2022, 90 tonnes of solvent were completed and...
-
Elevated CSF protein is found in whereas decreased protein is found in a. CSF leakage, Meningitis b. Hemorrhage, multiple sclerosis c. Hemorrhage, CSF leakage d. Meningitis, hemorrhage
-
When managers make assumptions on the rate of collections for the various items on the statistical budget they develop a: A. Capital budget B. Strategic plan C. Cash budget D. Revenue budget
-
For closing on September 18, what amount of prorated rent will the seller owe the buyer for a garage apartment that rents for $465 per month? The rent was paid on September 1 and the tenant has paid...
-
Rook Company sells video and board games. Below is last year's income statement for the board game segment: Sales $4,000,000 Variable expenses $2,600,000 Contribution margin $1,400,000 Fixed expenses...
-
Grand Central Bakery is considering a buy one get one 50% off special for its croissants. Each croissant has a variable cost of $3.50 per item and currently sells for a retail price of $6. The fixed...
-
On January 1, 2021, Daniel Faust loaned $112,695 cash to Joyce Ladd in the form of a zero-interest-bearing note (face amount, $150,000). The note is to be repaid on December 31, 2023. The prevailing...
-
Which of the following is a CORRECT statement according to an effective supply chain management? i. ii. iii. Supply has to be matched with demand for effective management Large stock-outs can result...
-
The diagram shows the two forces acting on a small object. Which of the following is the resultant force on the object? A. 8 N downwards B. 8 N upwards C. 2 N downwards D. 2 N upwards 3 N 5 N
-
During the current year, Kim incurs the following expenses with respect to her beachfront condominium in Hawaii: Item Amount Insurance $ 500 Repairs and maintenance 700 Interest on mortgage .....
-
The Michigan Corporation owns 20% of the Wolverine Corporation. The Wolverine stock was acquired eight years ago to ensure a steady supply of raw materials. Michigan also owns 30% of Spartan...
-
a. What alternatives do individuals have in deducting a loss on a deposit in a qualified financial institution? b. Explain when it might be better to elect one over the other.
-
Bethany, who weighs 560 N, lies in a hammock suspended by ropes tied to two trees. One rope makes an angle of 45 with the ground; the other makes an angle of 30. Find the tension in each of the ropes.
-
In the Skycoaster amusement park ride, riders are suspended from a tower by a long cable. A second cable then lifts them until they reach the starting position indicated in Figure P5.3. The lifting...
-
A dump truck, whose bed is made of steel, holds an old steel watering trough. The bed of the truck is slowly raised until the trough begins to slide. What is the acceleration of the trough as it...
Study smarter with the SolutionInn App