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Irina-Kira [14]
3 years ago
8

Yankee Tours provide seven-day guided tours along the New England coast. The company pays its guides a total of $100,000 per yea

r. The average cost of supplies, lodging and food per customer is $500. The company expects a total of 500 customers during the period January through June, and a total of 1,500 customers from July through December. Yankee wants to earn $100 income per customer. For promotional reasons the company desires to charge the same price throughout the year. Based on this information, what is the correct price per customer? (Round to nearest dollar.)
Business
1 answer:
VLD [36.1K]3 years ago
7 0

Answer:

The correct price per customer is $650

Explanation:

The computation of the correct price is shown below:

= Fixed cost + expected number of customers + net income per customer

where,

Fixed cost per customer = Total cost ÷ (total customers + expected customers)

                = $100,000 ÷ (1,500 + 500)

                = $50

The other values would remain the same

Now put these values to the above formula  

So, the value would equal to

= $50 + $500 + $100

= $650 per customer

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Purchase investment in bonds for $115,000. Sell land costing $40,000 for only $31,000, resulting in a $9,000 loss on sale of lan
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Answer:

net cash flow  26,800

Explanation:

NOTE: missing information attached.

Operating

net income                 104,000

removal of non-monetary terms

depreciation expense 37,000

loss on sale of land       9,000

adjusted net income        150,000

<u>Changes in working capital:</u>

Increase in AR                  (22,000)

Decrease in Inventory       40,000

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decrease interest paayble (5,000)

increase in tax payable         1,000

net change in working capital     (9,200)

net cash generated from operating     140,800

investing

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purchase of debt securities (115,000)

cash used in investing activities 84,000

financing

cash dividends (30,000)

cash used in financing activites 30,000

net cash flow  26,800

beginning cash 227,800

ending cash 254,600

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3 years ago
Internal control are not designed to safeguard assets from
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A local theatre group wants to increase the membership and attendance at its performances. To do​ so, it hosts free​ shows,
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Answer:

E) Market Exchange

Explanation:

Market exchange refers to at least two people or firms trading one good or service for another. In this case, the theater group is trading a free show and other promotional activities (standup comedy nights, and volunteer work) in exchange for higher membership to their group or higher attendance to their shows.

A trade does not necessarily imply a money exchange, it can also include goods or services that provide utility for the other party. For example, an increase in group membership will help the theater group perform better.  

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Which type of third party plan covers prescriptions for anyone eligible for medicare benefits, including senior citizens?
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