This topic contains a solution. Click here to go to the answer

Author Question: Grand River Cruises (GRC) offers nightly dinner cruises on the lower Grand River. Regular dinner ... (Read 104 times)

KimWrice

  • Hero Member
  • *****
  • Posts: 579
Grand River Cruises (GRC) offers nightly dinner cruises on the lower Grand River. Regular dinner cruise tickets sell for $40 per passenger. GRC also provides executive dinner cruises at a price of $100. The variable cost of providing the dinner is $16 for the regular cruise and $32 for the executive cruise. The fixed cost of operating the vessels (depreciation, salaries, docking fees and other expenses) is $160,000 per month. During the month of June GRC sold 6,500 regular cruises and 3,000 executive cruises. Assume that $60,000 of the fixed cost is traceable to regular cruises while $75,000 of the fixed cost is traceable to executive cruises.
Prepare a segmented income statement using the contribution margin format.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by KimWrice on Jan 5, 2020

hugthug12

  • Sr. Member
  • ****
  • Posts: 329
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly




KimWrice

  • Member
  • Posts: 579
Reply 2 on: Jan 5, 2020
Gracias!


Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

For a complete list of videos, visit our video library