Flow Cruiseline offers nightly dinner cruises off the coast of Miami, San Francisco, and Seattle. Dinner cruise tickets sell for $50 per passenger. Flow 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 $270,000 per month. The company's relevant range extends to 16,000 monthly passengers.
Use this information to compute the following:
(a) What is the contribution margin per passenger?
(b) What is the contribution margin ratio?
(c) What is the contribution margin per passenger?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Flow Cruiseline offers nightly dinner cruises off the coast of Miami, San Francisco, and Seattle. Dinner cruise tickets sell for $50 per ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The Square Box is considering two independent projects, both of which have an initial cost of $18,000. The cash inflows of Project A are $3,000, $7,000, and $10,000 over the next three years, respectively.
Answers (1)
Dennis Galvan works as a campaigner at Green Earth, an environmental organization. Every month, his organization arranges a team outing where they play disc golf, soccer, and participate in relays and other team-building activities.
Answers (1)
Which of the following is a disadvantage of the sole proprietorship form of ownership A. Limited liability B. Unlimited liability C. Split responsibility D. Control over business
Answers (1)
You have determined you want to buy an advanced hybrid vehicle, and a visit to ford's website has revealed that the ford fusion hybrid se uses hybrid fuel technology with the latest in lithium-ion battery technology.
Answers (1)
The head of an advertising agency predicts that the client's sales will double within six months after the new advertising campaign begins. this prediction is a (n) :
Answers (1)
New Questions in Business
If you purchased a camera in Britain for 100 pounds what would be the price in U. S. dollars if one pound is worth 1.40? A:71 B:100 C:140 D:1400
Answers (1)
Gontier corporation stock currently sells for $64.18 per share. the market requires a return of 12 percent on the firm's stock. required: if the company maintains a constant 5.
Answers (1)
If someone asked you, "Why should I bother worrying about my credit score?" what would you say?
Answers (1)
Hall and Donnell reported findings of five separate studies involving over 12,000 managers that explored the relationship between managerial achievement and attitudes toward subordinates.
Answers (1)
On September 1, 2021, Daylight Donuts signed a $188,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022.
Answers (1)