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JulijaS [17]
3 years ago
11

Flow Cruiseline offers nightly dinner cruises off the coast of​ Miami, San​ Francisco, and Seattle. Dinner cruise tickets sell f

or $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?
Business
1 answer:
garri49 [273]3 years ago
3 0

Answer:

(a) Contribution Margin = $30 per passenger

(b) Contribution Margin Ratio = 60%

(c) Contribution Margin = $30 per passenger

Explanation:

Contribution margin is the net of sales and all the variable costs. It is the portion of sales which not used by variable costs and available for settlement of fixed cost and makes profit after that.

Contribution Margin = Selling price - variable cost

Contribution Margin = $50 - $20

Contribution Margin = $30 per passenger

Contribution margin ratio = Contribution Margin / Sales

Contribution margin ratio = $30 / $50

Contribution margin ratio = 60%

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kirza4 [7]

Answer:

The Weighted Average cost of capital measures the cost to the company of its current capital structure by using the weights of the various capital measures. WACC usually uses market values so;

Total amount = Debt + Preferred stock + common equity

= 100 million + 20 million + ( 50 * 6 million)

= $420 million

<u>Proportions.</u>

Debt

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= 24%

Preferred Stock<u> </u>

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Common Equity

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6 0
3 years ago
When shopping for clothes and shoes, keep in mind the logo, team name, style or celebrity endorser question 1 options:
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3 0
3 years ago
On January 1, 2021, Ozark Minerals issued $10 million of 9%, 10-year convertible bonds at 101. The bonds pay interest on June 30
joja [24]

Answer:

Upon issuance, Ozark should "<em>Credit premium on bonds payable $100,000</em>"

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The premium on bond = $10,100,000 - $10,000,000

The premium on bond = $100,000

                                   Journal entry

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Cash                                        $10,100,000

Premium on bonds payable                                $100,000

Bonds payable                                                     $10,000,000

Conclusion: Upon issuance, Ozark should "Credit premium on bonds payable $100,000"

7 0
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Bob owns a trout farm with monopoly power in north carolina. bob's optimal output occurs where marginal revenue ________. becaus
VladimirAG [237]
<span>The right answer is C. marginal revenue equals marginal cost; is upward-sloping. Marginal revenue is the amount that revenue increases if someone sells one more unit of their product. When there's competition, every unit has the same price, but when there's a monopoly, you have to make cheaper every other unit to sell one more</span>
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Analysis reveals that a company had a net increase in cash of $20,000 for the current year.Net cash provided by operating activi
alexandr402 [8]

Answer:

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Using this formula

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Let plug in the formula

Beginning balance=$24,000 -$20,000

Beginning balance=$4,000

Therefore the beginning cash balance was:$4,000

3 0
2 years ago
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