1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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%

You might be interested in
A carbon tax would be an efficient method of addressing the problem of global warming because:a. it eliminates the positive exte
Annette [7]

Answer:

.b. it forces firms to internalize the external cost of emissions

Explanation:

A carbon tax is a fee imposed by the government on any firm that burns fossil fuels. Fossils most used by firms include gasoline, coal, oil, and natural gases. Burning of these fossils emits greenhouses gases such as carbon dioxide and methane, which creates global warming by heating the atmosphere.

A carbon tax forces enterprises to pay for the harsh effects of global warming on society.  If the tax is set at a high rate, it deters firms from burning fossils.  Companies adopt environmentally friendly production processes to avoid the carbon tax.

7 0
3 years ago
Susan Inc. has been disappointed with the Willow Division's performance over the last few years and has decided that it would be
labwork [276]

Answer:

$2,560,000

Explanation:

impairment loss = division's book value - division's fair market value = $3,080,000 - $2,320,000 = $760,000

Assets held for sale are no longer depreciated, but they must be recorded at lower value between carrying cost and fair market value. Since the fair market value is lower than carrying value, then an impairment loss results.

loss on discontinued operations = loss from operations 2019 + impairment loss = $1,800,000 + $760,000 = $2,560,000

3 0
3 years ago
During the sales presentation, the prospect interrupted the salesperson’s presentation and said, "Wait a minute.  This looks lik
Hatshy [7]

Answer: Postpone

Explanation:

In marketing, one of the ways to handle an objection is to postpone it until the end of the presentation. In the course of the presentation, the client may think that the project has a certain cost and it will not work or another reason, in this case, postponing it is one of how a person can present their idea until the end, to convince the potential client.

In this case, the seller handled himself well by telling him that the program is cheap and that he will explain the price in a moment, allowing him to express everything related to his program, giving him a chance for prospects they can know the program in its entirety.

3 0
3 years ago
Your firm has net income of $312 on total sales of $1,320. Costs are $730 and depreciation is $110. The tax rate is 35 percent.
iren [92.7K]
The answer will be b
8 0
3 years ago
Which pricing tactic calls for offering three similar products, one that is lower priced and less attractive and two that are co
netineya [11]

Decoy pricing tactic calls for offering three similar products, one that is lower priced and less attractive and two that are comparable but more expensive.

<h3><u></u></h3><h3><u>What is decoy pricing?</u></h3>

A price strategy called decoy pricing aims to "push" customers to make a decision. Customers sometimes have to choose between products with varying costs and features while making purchases. And when a business seeks to increase sales of a certain product, it frequently chooses what is known as a decoy pricing structure to sway the consumer's choice. In this instance, the "decoy" is either a product with a slightly cheaper price but much worse quality, or a product with a significantly higher price but slightly greater quality.

The attraction effect and the compromise effect are the two distinct effects on which the decoy pricing strategy is predicated.

<u></u>

Learn more about pricing tactics with the help of the given link:

brainly.com/question/25716956?referrer=searchResults

#SPJ4

8 0
2 years ago
Other questions:
  • Crowding out occurs when deficit spending increases interest rates. decreases interest rates. increases consumer spending. decre
    14·1 answer
  • On January 2, 20X1, Schneider Company issues $100,000 of 6% bonds. Interest of $3,000 is payable semi-annually on June 30 and De
    14·1 answer
  • Which of the following acronyms identifies the Big Five personality dimensions
    11·1 answer
  • Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales b
    11·1 answer
  • A hotel at Lake Lanier Islands surveys guests to determine their satisfaction with the hotel service and amenities. This activit
    9·1 answer
  • Philippe is from the Mediterranean coast of Greece and Sasha is from Iran. In their grocery store, this married couple is accust
    13·1 answer
  • Karen, an accrual basis taxpayer, sold goods in December 2019 for $20,000. The customer was unable to pay cash. So the customer
    8·1 answer
  • Any guys wanna join a pad <br> let
    13·2 answers
  • Roles of organizational structure in an organization
    12·2 answers
  • Certain business processes are copyrightable. <br> a) true <br> b) false
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!