Ocean Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the...
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Ocean Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. Ocean Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $210,000 per month. The company's relevant range extends to 13,000 monthly passengers. The breakeven units are 7,000 tickets sold. If Ocean Cruiseline sells 8,750 dinner cruises, compute the margin of safety a. in units (dinner cruise tickets). b. in sales dollars. c. as a percentage of sales. b. If Ocean Cruiseline sells 8,750 dinner cruises, compute the margin of safety in sales dollars. Begin by determining the formula, then compute the margin of safety in sales dollars. Expected sales in dollars Breakeven sales in dollars Margin of safety in dollars Margin of safety in dollars c. If Ocean Cruiseline sells 8,750 dinner cruises, compute the margin of safety as a percentage of sales. Begin by determining the formula, then compute the margin of safety as a percentage of sales. (Round the percentage to the nearest tenth percent, XX%.) Expected sales in dollars = PCCE Margin of safety as a percentage of sales % ... Time Remaining: 00:41:35 Submit quiz Ocean Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. Ocean Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $210,000 per month. The company's relevant range extends to 13,000 monthly passengers. The breakeven units are 7,000 tickets sold. If Ocean Cruiseline sells 8,750 dinner cruises, compute the margin of safety a. in units (dinner cruise tickets). b. in sales dollars. c. as a percentage of sales. b. If Ocean Cruiseline sells 8,750 dinner cruises, compute the margin of safety in sales dollars. Begin by determining the formula, then compute the margin of safety in sales dollars. Expected sales in dollars Breakeven sales in dollars Margin of safety in dollars Margin of safety in dollars c. If Ocean Cruiseline sells 8,750 dinner cruises, compute the margin of safety as a percentage of sales. Begin by determining the formula, then compute the margin of safety as a percentage of sales. (Round the percentage to the nearest tenth percent, XX%.) Expected sales in dollars = PCCE Margin of safety as a percentage of sales % ... Time Remaining: 00:41:35 Submit quiz
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