x Your answer is incorrect. Try again. How many round trips are needed so that Michael can draw a salary of $118,000 and still not show a loss? (Round answer to O decimal places, e.g. 15.) Number of trips LINK TO TEXT Your answer is incorrect. Try again. What is the average before-tax profit of a round trip flight in 2016? (Round answer to 2 decimal places,e.g. 15.25.) Average before-tax profit LINK TO TEXT Your answer is incorrect. Try again What is the incremental profit associated with adding a round-trip flight? (Round answer to 2 decimal places, e.g. 15.25.) Incremental profit Click if you would like to Show Work for this question: Open Show Work Problem 4-5 Michael Bordellet is the owner/pilot of Kingbird Air Service. The company flies a daily round trip from Seattle's Lake Union to a resort in Canada. In 2016, the company reported an annual before taxes of $151,656, although that included a deduction of $64,000, reflecting Michael's salary: Revenue ($370 x 1,560 passengers) Less costs $577,200 Pilot (owner's salary) Fuel ( 31,200 gallons $4.12) Maintenance (variable) Depreciation of plane Depreciation of office equipment Rent expense Insurance Miscellaneous (fixed) $64,000 128,544 139,000 25,500 2,500 40,200 19,100 6,700 425,544 $151,656 Income before taxes Revenue of $577,200 reflects 6 round trips per week for 52 weeks with an average of 5 passengers paying $370 each per round trip (6 52 5 $370 = $577,200). The flight to the re miles one way. With 312 round trips (6 per week x 52 weeks), that amounts to 249,600 miles. The plane averages 8 miles per gallon. Your answer is partially correct. Try again. How many round trips is Michael currently flying, and how many round trips are needed to break even? (Round contribution margin per trip to 2 decimal places, e.g. 125.25 and f answer to 0 decimal places,e.g. 15.) Number of trips flown by Michael 312