Royal Canadian Cruiseline offers nightly dinner cruises off the coast of Nanaimo and Victoria. Dinner...
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Accounting
Royal Canadian Cruiseline offers nightly dinner cruises off the coast of Nanaimo and Victoria. Dinner cruise tickets sell for $ per passenger. Royal Canadian Cruiseline's variable cost of providing the dinner is $ per passenger, and the fixed cost of operating the vessels depreciation salaries, docking fees, and other expenses is $ per month. The company's relevant range extends to monthly passengers. Compute the number of dinner cruise tickets it must sell to break even. a Use the income statement equation approach. b Use the shortcut unit contribution margin approach; perform a numerical proof to ensure that your answer is correct. c Use your answers from a and b to determine the sales revenue needed to breel cion. d Use the shortcut contribution margin ratio approach to verify the sales revenue nec. break even. Perform a numerical proof to ensure that your answer is correct. For amounts with a zero balance, make sure to enter in the appropriate cell. c Use your answers from a and b to determine the sales revenue needed to break even. Sales revenue needed to break even is $ d Use the shortcut contribution margin ratio approach to verify the sales revenue needed to break even. First, identify the formula, and then compute the breakeven sales in dollars. Round all intermediate calculations to two decimal places, XX Round your final answer to th nearest whole dollar. For amounts with a zero balance, make sure to enter in the appropriate cell.
Royal Canadian Cruiseline offers nightly dinner cruises off the coast of Nanaimo and Victoria. Dinner cruise tickets sell for $ per passenger. Royal Canadian Cruiseline's variable cost of providing the dinner is $ per passenger, and the fixed cost of operating the vessels depreciation salaries, docking fees, and other expenses is $ per month. The company's relevant range extends to monthly passengers.
Compute the number of dinner cruise tickets it must sell to break even.
a Use the income statement equation approach.
b Use the shortcut unit contribution margin approach; perform a numerical proof to ensure that your answer is correct.
c Use your answers from a and b to determine the sales revenue needed to breel cion.
d Use the shortcut contribution margin ratio approach to verify the sales revenue nec. break even.
Perform a numerical proof to ensure that your answer is correct. For amounts with a zero balance, make sure to enter in the appropriate cell.
c Use your answers from a and b to determine the sales revenue needed to break even.
Sales revenue needed to break even is $
d Use the shortcut contribution margin ratio approach to verify the sales revenue needed to break even.
First, identify the formula, and then compute the breakeven sales in dollars. Round all intermediate calculations to two decimal places, XX Round your final answer to th nearest whole dollar. For amounts with a zero balance, make sure to enter in the appropriate cell.
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