Homework Answers
Break Even point = Total Fixed costs/Contribution Margin per horse
Contribution Margin per horse = Fees - Variable cost per horse
= $100-12-8
= $80
Hence, break even point = 1,200/80
= 15 horses
Contribution Margin = 40*80 = $3,200
Less: Fixed costs = $1,200
Operating Profit = $2,000
Add Answer to:
The Crazy Horse Hotel has a capacity to stable 50 horses. The fee for stabling a horse is $100 pe...
1- The Crazy Horse Hotel has a capacity to stable 25 horses. The fee for stabling...
1- The Crazy Horse Hotel has a capacity to stable 25 horses. The fee for stabling a horse is 220 per month. Maintenance, depreciation, and other fixed operating costs total $1200 per month. Variable operating costs per horse are $10 per month for hay and bedding and $10 per month for grain. a. Determine the monthly operating break-even point (in horses stabled). b. Compute the monthly operating profit if an average of 50 horses are stabled. هذا اللي ل كن...
ColtColt Carriage Company offers guided horse-drawn carriage rides through historic Camden South Carolina. The carriage business...
ColtColt Carriage Company offers guided horse-drawn carriage
rides through historic Camden South Carolina. The carriage business
is highly regulated by the city. Carriage Company has the following
operating costs during April:
During April (a month during peak season),
ColtColt Carriage Company had 13,100 passengers. 70 percent of
passengers were adults
($25 fare). while 30% were children ($17 fare)
Requirements
1.
Prepare the company's contribution margin income statement for
the month of April. Round all figures to the nearest dollar.
2....
An investor recently bought a hotel for € 700,000 and then spent a further € 800,000...
An investor recently bought a hotel for € 700,000 and then spent a further € 800,000 on renovations, fixtures, fittings and equipment. The hotel has 60 double-bedded rooms, a bar restaurant, and a leisure facility free for hotel guests. The investor estimates the costs of operating the hotel over a year as follows: Business rates € 160,000 € 25,000 € 60,000 Maintenance and repairs Depreciation of fixtures, fittings and equipment Salaries - assistant managers, bar/restaurant and facility managers Wages-full-time staff...
Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Inc., has been...
Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Inc., has been experiencing difficulty for some time. The company's contribution format income statement for the most recent month is given below: Sales (13,300 units x 40 per nit) $532,000 Variable expenses 319,200 Contribution margin Fixed expenses 212,800 236,800 Net operating loss S (24,000) Required: 1. Compute the company's CM ratio and its break-even point in both unit sales and dollar sales. CM ratio Break-even point in...
Magnon Carriage Company offers guided horse-drawn carriage rides through historic Edmonton. The carriage business is highly...
Magnon Carriage Company offers guided horse-drawn carriage rides through historic Edmonton. The carriage business is highly regulated by the city. Magnon Carriage Company has the following operating costs during April: (Click the icon to view the operating costs.) During April (a month during peak season) Magnon Carriage Company had 13,600 passengers. 75% of passengers were adults ($23 fare) while 25% were children ($15 fare). Requirements 1. Prepare the company's contribution margin income statement for the month of April. Round all...
Question: Kim operates a hotel at and charges guests $60 per day . Included in this...
Question: Kim operates a hotel at and charges guests $60 per day . Included in this price is a free breakfast. Kim’s hotel has the capacity to rent 5,000 days per year. The hotel has the following costs: • Depreciation on the hotel is $60,000 per year. • Kim employs a maintenance person at an annual salary of $41,000 • Kim employs a cleaning person at an annual salary of $24,000. •Real estate taxes are $10,000 per year. •Costs for...
Genereux Carriage Company offers guided horse-drawn carriage rides through historic Toronto. The carriage business is highly...
Genereux Carriage Company offers guided horse-drawn carriage rides through historic Toronto. The carriage business is highly regulated by the city. Genereux Carriage Company has the following operating costs during April: (Click the icon to view the operating costs.) During April (a month during peak season) Genereux Carriage Company had 13,300 passengers. 70% of passengers were adults ($21 fare) while 30% were children ($13 fare). Requirements 1. Prepare the company's contribution margin income statement for the month of April. Round all...
Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Inc., has been...
Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Inc., has been experiencing financial difficulty for some time. The company's contribution format income statement for the most recent month is given below: Sales (13,000 units * $20 per unit) Variable expenses Contribution margin Fixed expenses Net operating loss $ 260,000 130,000 130,000 145,000 $ (15,000) Required: 1. Compute the company's CM ratio and its break-even point in unit sales and dollar sales. 2. The president believes...
Mark Leahy is considering opening a greeting card shop. Mr. Leahy estimates that the rental cost of...
Mark Leahy is considering opening a greeting card shop. Mr. Leahy estimates that the rental cost of the store will be $550 per month. Other relevant costs include: Greeting cards $0.50 per card sold Telephone services $95 per month Electricity $200 per month Miscellaneous fixed costs $150 per month Miscellaneous variable cost $0.10 per card sold Mr. Leahy intends to pay salaries to himself and one part-time store clerk of $1,200 per month, regardless of the number of cards sold. At present,...
Due to erratic sales of its sole product—a high-capacity battery for laptop computers—PEM, Inc., has been...
Due to erratic sales of its sole product—a high-capacity battery
for laptop computers—PEM, Inc., has been experiencing difficulty
for some time. The company’s contribution format income statement
for the most recent month is given below:
Sales (12,600 units × $40 per unit)
$
504,000
Variable expenses
252,000
Contribution margin
252,000
Fixed expenses
282,000
Net operating loss
$
(30,000)
Required:
1. Compute the company’s CM ratio and its break-even point in
both unit sales and dollar sales.
2. The president believes...
1- The Crazy Horse Hotel has a capacity to stable 25 horses. The fee for stabling a horse is 220 per month. Maintenance, depreciation, and other fixed operating costs total $1200 per month. Variable operating costs per horse are $10 per month for hay and bedding and $10 per month for grain. a. Determine the monthly operating break-even point (in horses stabled). b. Compute the monthly operating profit if an average of 50 horses are stabled. هذا اللي ل كن...
ColtColt Carriage Company offers guided horse-drawn carriage
rides through historic Camden South Carolina. The carriage business
is highly regulated by the city. Carriage Company has the following
operating costs during April:
During April (a month during peak season),
ColtColt Carriage Company had 13,100 passengers. 70 percent of
passengers were adults
($25 fare). while 30% were children ($17 fare)
Requirements
1.
Prepare the company's contribution margin income statement for
the month of April. Round all figures to the nearest dollar.
2....
An investor recently bought a hotel for € 700,000 and then spent a further € 800,000 on renovations, fixtures, fittings and equipment. The hotel has 60 double-bedded rooms, a bar restaurant, and a leisure facility free for hotel guests. The investor estimates the costs of operating the hotel over a year as follows: Business rates € 160,000 € 25,000 € 60,000 Maintenance and repairs Depreciation of fixtures, fittings and equipment Salaries - assistant managers, bar/restaurant and facility managers Wages-full-time staff...
Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Inc., has been experiencing difficulty for some time. The company's contribution format income statement for the most recent month is given below: Sales (13,300 units x 40 per nit) $532,000 Variable expenses 319,200 Contribution margin Fixed expenses 212,800 236,800 Net operating loss S (24,000) Required: 1. Compute the company's CM ratio and its break-even point in both unit sales and dollar sales. CM ratio Break-even point in...
Magnon Carriage Company offers guided horse-drawn carriage rides through historic Edmonton. The carriage business is highly regulated by the city. Magnon Carriage Company has the following operating costs during April: (Click the icon to view the operating costs.) During April (a month during peak season) Magnon Carriage Company had 13,600 passengers. 75% of passengers were adults ($23 fare) while 25% were children ($15 fare). Requirements 1. Prepare the company's contribution margin income statement for the month of April. Round all...
Genereux Carriage Company offers guided horse-drawn carriage rides through historic Toronto. The carriage business is highly regulated by the city. Genereux Carriage Company has the following operating costs during April: (Click the icon to view the operating costs.) During April (a month during peak season) Genereux Carriage Company had 13,300 passengers. 70% of passengers were adults ($21 fare) while 30% were children ($13 fare). Requirements 1. Prepare the company's contribution margin income statement for the month of April. Round all...
Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Inc., has been experiencing financial difficulty for some time. The company's contribution format income statement for the most recent month is given below: Sales (13,000 units * $20 per unit) Variable expenses Contribution margin Fixed expenses Net operating loss $ 260,000 130,000 130,000 145,000 $ (15,000) Required: 1. Compute the company's CM ratio and its break-even point in unit sales and dollar sales. 2. The president believes...
Due to erratic sales of its sole product—a high-capacity battery
for laptop computers—PEM, Inc., has been experiencing difficulty
for some time. The company’s contribution format income statement
for the most recent month is given below:
Sales (12,600 units × $40 per unit)
$
504,000
Variable expenses
252,000
Contribution margin
252,000
Fixed expenses
282,000
Net operating loss
$
(30,000)
Required:
1. Compute the company’s CM ratio and its break-even point in
both unit sales and dollar sales.
2. The president believes...
Most questions answered within 3 hours.
-
Assume you are now 21 years old and
will start working as soon as you graduate...
asked 4 minutes ago -
In c++
What does operator overloading allow us to do
?
Why must the << and...
asked 4 minutes ago -
First, a constant force will NOT cause an object to accelerate
faster and faster; it will...
asked 8 minutes ago -
A 4.75 kg crate is suspended from the end of a short vertical
rope of negligible...
asked 18 minutes ago -
develop an automated invoice generator that helps a shop owner
to design their invoice. Problem 1...
asked 26 minutes ago -
2. Binomial Distribution Suppose I have an unfair coin, it lands
on heads 75% of the...
asked 40 minutes ago -
negotiators with absolutely no alternative to a negotiated
agreement sometimes.
a. become hostile and end the...
asked 39 minutes ago -
Write a Verilog program that tests whether a 4-bit input
variable is a Fibonacci number or...
asked 49 minutes ago -
MYSQL
Consider the sql statement "select * from t1 UNION t2" where t1
and t2 are...
asked 51 minutes ago -
2. A retailer sells 10,000 units at $10. Each unit costs the
retailer $7.00 to sell,...
asked 54 minutes ago -
If the Stratosphere elevator in Las Vegas is 500 m above the
ground when the cables...
asked 1 hour ago -
identify at least one other characteristics of the soils/sand
that may have impacted the growth of...
asked 1 hour ago