<span>Manganese nodules are an ocean resource that is not currently economically profitable to mine. These nodules, about the size of a potato, form on the bottom of the ocean and in addition to manganese contain copper, nickel and cobalt. The main reason they are not economically viable at this time is that there are already plenty of these metals to be found on land.</span>
Answer:
1) Colt Carriage Company
Income Statement
For the month ended April 202x
Revenues:
- Adults passengers $186,300
- Children $81,000
- Total revenues $267,300
Variable costs:
- City fees $26,730
- Souvenirs $7,425
- Brokerage fees $11,340
- Carriage drivers $52,650
- Total variable costs <u>$98,145</u>
Contribution margin $169,155
Period costs:
- Depreciation $2,900
- Horse leases $48,000
- Marketing expenses $7,350
- Payroll expenses $7,600
- Total period costs <u>$65,850</u>
Operating profit $103,305
2) If the total amount of passengers increase by 10%, then all variable costs will increase by 10% except brokerage fees which would increase only by 6%. Revenues should also increase by 10%. Period costs should not change.
Contribution margin should increase by 10.29% and operating profit would increase by 16.81%.
Explanation:
since the information is not complete, I looked it up:
Revenues
13,500 passengers:
8,100 x $23 = $186,300
5,400 x $15 = $81,000
total $267,300
variable costs:
fees paid to the city 10% of total revenue
souvenirs $0.55 per passenger
brokerage fees 60% of total tickets x $1.40
carriage drivers $3.90 per passenger
fixed costs:
depreciation $2,900
horse leases $48,000
marketing expenses $7,350
payroll expenses $7,600
Answer:
Check the explanation
Explanation:
Before-tax amount <u><em>(PBT which is the evaluate of an organization’s productivity and profitability that looks at the profits made before any tax is paid)</em></u> of Mercedes should be reported as loss on terminated operations in its 2016 income statement:
$1,890,000 loss will be from operations only. There will also be no impairment loss.
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