Use the information from the Northern Cruiseline Data Set to compute the number of dinner cruise tickets

Question:

Use the information from the Northern Cruiseline Data Set to compute the number of dinner cruise tickets it must sell to break even.
a. Use the income statement equation approach.
b. Using the shortcut unit approach, perform a numerical proof to ensure that your answer is correct.
c. Use your answers from a and b to determine the sales revenue needed to break even.
d. Use the shortcut ratio approach to verify the sales revenue needed to break even.
Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...