Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. day crusing operates a pontoon boat rental busines

Day Crusing operates a pontoon boat rental business. Assume the boat rent for $60 per...

80.2K

Verified Solution

Question

Accounting

Day Crusing operates a pontoon boat rental business. Assume the boat rent for $60 per 6 hours. The variable costs are $40 per 6 hours rental, and its fixed costs are $80,000 each month. What is the contribution margin ratio?
A.67%
B.30%
C.20%
D.33%
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

how is fluid and electrolyte balance regulated?

Mechanical Engineering
1.2K views

A continuous evaporator is operated with a given feed material under conditions in which the concentration of...

Physics
1.2K views

A 12 Volt battery is connected to three resistors. A 10 ohm resistor is attached in parallel...

General Management
1.2K views

Connecting smart-high visibility clothing to construction site's network. Why it is necessary.? What are the benefits.? Describe in...

Biology
1.2K views

were driven by nationalism and a desire to expand empires around the world O Yellow...

Biology
1.2K views

Using the image below list and fully describe from your experience in the course and...

Physics
1.2K views

20 Two strips of metal are riveted together at their ends by four rivets each...

Geometry
1.2K views

The equation y 94 38x 38 17 fits the scatterplot of the values for stock...

Basic Math
1.2K views

Dhana is able to prove the following about functions fand g What has she shown...

Statistics
1.2K views

1 point It is claimed that 20 to 24 year olds in Canada spend an...

Accounting
1.2K views

i need help with assembly and maintance Snow Cat...

Finance
1.2K views

What compensation should be due to you today if owner negligence led to a fire...