Question: Use the information from the Crystal Cruiseline Data Set to compute the number of dinner cruise tickets it must sell to breakeven and the sales

Use the information from the Crystal Cruiseline Data Set to compute the number of dinner cruise tickets it must sell to breakeven and the sales dollars needed to breakeven.

Crystal Cruiseline Data
Crystal Cruiseline offers nightly dinner cruises off the coast of Miami, San Francisco, and Seattle. Dinner cruise tickets sell for $ 50 per passenger. Crystal 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 14,000 monthly passengers.

Step by Step Solution

★★★★★

3.50 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Units sold Fixed expenses Operating income to break even Contribution ma... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

322-B-M-A-C-V-P (1779).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

On January 1, 20Y1 Caitlin Corporation issued $10 million in 10-year bonds. The bonds pay 7% interest annually on December 31. At issuance, the market rate of interest for bonds of comparable risk...

Use the information from the Crystal Cruiseline Data Set. Suppose Crystal Cruiseline embarks on a cost reduction drive and slashes fixed expenses from $ 210,000 per month to $ 180,000 per month. 1....

Use the information from the Crystal Cruiseline Data Set. If Crystal Cruiseline sells 8,750 dinner cruises, compute the margin of safety a. In units ( dinner cruise tickets). b. In sales dollars. c....

Use the information from the Crystal Cruiseline Data Set. a. Compute the operating leverage factor when Crystal Cruiseline sells 8,750 dinner cruises. b. If volume increases by 10%, by what...

Use the information from the Luxury Cruiseline Data Set to compute the number of dinner cruise tickets it must sell to break even and the sales dollars needed to break even. Luxury Cruiseline offers...

Find breakeven (Learning Objective 2) Use the information from the Bay Cruiseline Data Set to compute the number of dinner cruise tickets it must sell to break even. a. Use the income statement...

Use the information from the Crystal Cruiseline Data Set. 1. Suppose Crystal Cruiseline cuts its dinner cruise ticket price from $ 50 to $ 40 to in-crease the number of passengers. Compute the new...

Use the information from the Crystal Cruiseline Data Set. Draw a graph of Crystal Cruise-lines CVP relationships. Include the sales revenue line, the fixed expense line, and the to-tal expense line....

Use the information from the Crystal Cruiseline Data Set to compute the following: a. What is the contribution margin per passenger? b. What is the contribution margin ratio? c. Use the unit...

S7-5 Changes in sales price and variable costs (Learning Objective 3) Use the information from the FunTime Cruiseline Data Set. Suppose FunTime Cruiseline cuts its dinner cruise ticket price from $50...

Use the diffusion data in the table below for atoms in iron to answer the questions that follow. Assume metastable equilibrium conditions and trace amounts of C in Fe. The gas constant in SI units is...

A. Explain the importance of establishing credibility in business communications. B. Explain the three components of credibility: competence, car- ing, and character. How do they interrelate? C....

What is the derivative of f ( x ) = 1 2 l n ( x ) 9 x 5 ? Answer: f ' ( x ) = Question Help: Message instructor

The profitability of the leading cola syrup manufactures PepsiCo and Coca-Cola and of the bottlers in the cola business is very different. PepsiCo and Coca-Cola enjoy an 81 percent operating profit...

. Analysis of an expansion project Companies invest in expansion projects with the expectation of increasing the earnings of its business. Consider the case of Pheasant Pharmaceuticals: Pheasant...

Consider the following sets. (i) The set of all vectors in R of the form (a, 5a, 3a). (ii) The set of all polynomials ao + ajx + azx in P2 such that aoa1 + 0. (iii) The set of all invertible matrices...

Susan Kim contributed a piece of land to Sycamore Company for a 15 percent stake in the firm 10 years ago. Her tax basis in the land was $200,000. When the land was transferred to Sycamore, its fair...

1 1 A = 6. 6. 4. 1 1 1 Find a basis for the nullspace of A. A) {(-1,3. 0. 1); (B) {(-1,-3 1,0), (-1,8, 0, 1)} (C) {(-1. 0, 1)} D) {(-1,-1 1,0), (-1, , 0, 1)} E) {(-1,-3, 1,0), (-1, ,0, 1)) (F) {(-1,,...

In Wright v. State [178 S.W.2d 905 (Tex. App. 2005)], a detective gave testimony in a defendants murder trial in which the detective stated his theory on how the defendant killed her husband. The...

Refer to Oleg's Steel Parts in E7-46B. Oleg feels like he's in a giant squeeze play: The automotive manufacturers are demanding lower prices, and the steel producers have increased raw material...

Kirby Garage Doors manufactures a premium garage door. Currently, the price and cost data associated with the premium garage door are as follows: Average selling price per premium garage door...

Brewer Industries is planning on purchasing a new piece of equipment that will increase the quality of its production. It hopes the increased quality will generate more sales. The company's...

Estimate a multiple linear regression relationship with the U.K. stock returns as the dependent variable, and U.K. Government Bond yield (Interest rate), U.S. Stock Returns, and Japan Stock Returns...

A machine that cost $ 1 2 0 , 0 0 0 3 years ago can be sold now for $ 5 2 , 7 5 0 . Its market value is expected to be $ 4 0 , 0 0 0 and $ 2 0 , 0 0 0 1 year and 2 years from now, respectively. Its...

Answer using JASP Software, etc. Is there a difference in profit in the first quarter compared to the second quarter for investor's portfolios? Each participant's investment portfolio was evaluated...