High Flying takes tourists on helicopter tours of Hawaii. Each tourist buys a $100 ticket;...
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Accounting
High Flying takes tourists on helicopter tours of Hawaii. Each tourist buys a $100 ticket; the variable costs average $44 per person. High Flying has annual fixed costs of $470,400. Required:A. Compute the average number of tours the company must conduct per month to break even. B. Compute the average sales revenue needed per month to produce a target average profit of $42,000 per month. C. Calculate the contribution margin ratio. (Round your answer to 2 decimal places.)D. Determine whether the actions that follow will increase, decrease, or not affect the company's break-even point.
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