User Account

All Pages

Calculate the break-even point in 1 dollars and 2 number of

Assignment Help Accounting Basics
Reference no: EM13588275

Kare Kars provides shuttle service between four hotels near a medical center and an international airport. Kare Kars uses two 10-passenger vans to offer 12 round trips per day. A recent month's activity in the form of a cost-volume-profit income statement is shown below.

Fare revenues (1,400 fares)


$30,800

Variable costs



Fuel

$5,544

Tolls and parking

2,772

Maintenance

924

9,240

Contribution margin


21,560

Fixed costs



Salaries

11,127

Depreciation

1,047

Insurance

916

13,090

Net income


$8,470

(a) Calculate the break-even point in (1) dollars and (2) number of fares.

(1)

Break-even point

$

(2)

Break-even point

$

fares











(b) Without calculations, determine the contribution margin at the break-even point.

Contribution margin at the break-even point

$

Reference no: EM13588275

Questions Cloud

Johnny the ceo of plastic spoon inc is in a bit of a bind : write a short essay between 400 and 500 words responding to the assignment below. you are expected to use the textbook
Compute the unit cost that is relevant for comparison to : barker company has a single product called a zet. the company normally produces and sells 80000 zets each year at a
One method of determining the refractive index of a : question one method of determining the refractive index of a transparent solid is to measure the critical angle when
Kody corporation uses a job-order costing system with a : kody corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. at the
Calculate the break-even point in 1 dollars and 2 number of : kare kars provides shuttle service between four hotels near a medical center and an international airport. kare kars
From the dropdown box beside each numbered balance sheet : from the dropdown box beside each numbered balance sheet item select the letter of its balance sheet classification. if
What would be the break-even point in units and in swiss : detmer holdings ag of zurich switzerland has just introduced a new fashion watch for which the company is trying to
Job 218 was one of the many jobs started and completed : job 218 was one of the many jobs started and completed during the year. the job required 3300 in direct materials and
Khole company imports gift items from overseas and sells : khole company imports gift items from overseas and sells them to gift shops and department storees through out the us.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute consolidated taxable income for the calendar year

compute consolidated taxable income for the calendar year blue group which elected consolidated status immediately upon

  During 2014 harvey industries reported cash provided by

during 2014 harvey industries reported cash provided by operations of 670000 cash used in investing of 1039000 and cash

  Received 9900 cash from students-of which 3600 is for

jims gymnastics trainings operations for the month of october are summarized as followsbull provided 7000 of training

  Calculating tax liability-marginal rate

Williams Inc reports total net income of $130,000 during 2012. This includes $10,000 of income from 5.5% Orange County municipal bonds. Thus the Corporation's taxable income is equal to $120,000.

  Gibbs company purchases sails and produces sailboats it

gibbs company purchases sails and produces sailboats. it currently produces 1258 sailboats per year operating at normal

  Are inquiry and observation by the auditor valid types

Are inquiry and observation by the auditor valid types of evidence and are they better or worst than say documentation provided by the client?

  Property tax exclusions and gains

Mathew Murphy, single, sold his home that he had owned for 20 years for $670,000. He purchased it for $110,000 and made $40,000 of capital improvements on the home during his time of ownership. a) How much gain is excluded? How much is recognized?

  The ledger of danieal rental agency on march 31 of the

the ledger of danieal rental agency on march 31 of the current year includes the selected accounts shown below before

  How can blockbuster improve profitability given the cvp

develop simple cost-volume-profit models for netflix and blockbuster.bullwhat is the unit volume break-even level of

  Tax consequences to the corporation

Susan Sweets is a 40 percent shareholder in Acclaim Inc., a theatrical supplies company. She transfers a fully depreciated car with a value of $2,000 to the corporation, but does not receive any consideration for it. a. What are the tax consequenc..

  Now assume that fixed and variable costs were allocated

sanilac county has a lease on a lawn mower for 2500 per month and .02 per minute of operation. operating costs for fuel

  Cajun corporation manufactures a labor-intensive productthe

cajun corporation manufactures a labor-intensive product.the cost standards developed by cajun appear below.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd