Reference no: EM131695388
Question - Ocean Escape Cruise Lines has a boat with a capacity of 1,200 passengers. An eight-day ocean cruise involves the following costs:
Crew $240,000
Fuel 60,000
Fixed operating costs 800,000
The variable costs per passenger for the eight-day cruise include the following:
Meals $900
Variable operating costs 400
The price of the cruise is $2,400 per passenger.
a. Determine the break-even number of passengers for the eight-day cruise.
b. Assume 900 passengers booked the cruise. What would be the profit or loss for the cruise?
c. Assume the cruise was booked to capacity. What would be the profit or loss for the cruise?
d. If the cruise cannot book enough passengers to break even, how might the cruise line respond?
Government collect from tariff each year
: How much revenue will the government collect from this tariff each year? Round your answer to two decimal places
|
Unemployment among minimum wage workers
: The unemployment rate is the percentage of workers who are seeking a job at the prevailing wage, but who are unable to get one.
|
Develop use case diagrams sequence diagram and class diagram
: Software Development Specialist to develop these functionalities. Develop use case diagrams, sequence diagram and class diagrams, as appropriate.
|
Area of the deadweight loss
: If a price ceiling of $13.71 is imposed, what will be the area of the deadweight loss?
|
Determine the break-even number of passengers
: Ocean Escape Cruise Lines has a boat with a capacity of 1,200 passengers. Determine the break-even number of passengers for the eight-day cruise
|
What is the value of total revenue
: What is the value of total revenue at this point? b. Where does this (QD, P) pair from part (a) sit on the demand curve?
|
Compute the materials price and usage variances
: Conceptual Connection: Compute the materials price and usage variances. Assume that the 0.25 pound per can reduction of materials occurred as expected.
|
Increase in price of the following goods
: For each of the following, decide if the increase in price of the following goods will be reflected in the U.S. GDP deflator and / or the CPI or neither.
|
Identify the different regions of english colonial america
: Describe each region, being sure to include information concerning religion, economics, government, and culture
|