Take-a-Break Travel Company offers spring break travel packages to college students. Two of its packages, a 7-day, 6-night trip to Cancun and a 5-day, 4-night trip to Jamaica, have the following characteristics: Package Specifications Oceanfront room; number of nights Cost Data $57/night Meals: Breakfasts Lunches Dinners Scuba diving trips Water skiing trips Airfare (round trip from Miami) Transportation to and from airport Cancun 6 Jamaica 4 6 4 $11/ea 7 5 $16/ea 6 4 $26/ea 3 2 $76/ea 4 2 $51/ea 1 1 $320 (Cancun), $500 (Jamaica) 1 1 $24 (Cancun), $44 (Jamaica) The Cancun trip sells for $1,760, and the Jamaica trip sells for $1,520, and both packages allow two bags to be checked for free. Required: 1. What are the current profit margins on both trips? 2. Take-a-Break's management believes that it must drop the price of each trip by $101 in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What are the current profit margins on both trips? (Round percentage answers to 1 decimal place (i.e. .123 = 12.3%).) Profit margin Profit margin (%) Cancun Jamaica % % Required 1 Required 2 >

Tutorial Q. 4 Khalid is a salt merchant who supplies salt to general merchants in Lahore city. In the year of 2020 he sold 35,000 bags of salt. One bag consists of 50kg salt. He purchases slat in raw form and then grinds it, fills it in bags and then sold it, Sale price per bag is RM 45. He purchases the raw salt @ RM 400 per ton (1 ton consist of 1000 kg). Grinding cost is RM7 per bag, carriage outward cost is RM 5 per bag, he also purchases empty bags @ RM400 per 100 bags. Rent of shop RM1500 per month. Electricity and phone expense is RM16,000 per year (assume fixed). Depreciation of plant is RM3,680 per year. In the year 2021 it is expected that sale price and demand will remain the same but all the variable costs will increased by 15%. All the fixed costs will also increase by 10%. Required: 1. Break-even point in units and RM in both year. 2. Income statements of both year. 3. If he wants to earn RM 350,000 in the year of 2021 how many bags he has to sell. 4. Assume that demand…

10. Special-Order Decision, Services, Qualitative Aspects Jason Rogers works full-time for UPS and runs a lawn-mowing service part-time after work during the warm months of April through October. Jason has two men working with him, each of whom is paid $6.00 per lawn mowing. Jason has 25 residential customers who contract with him for once-weekly lawn mowing during the months of May through September, and twice-per-month mowings during April and October. On average, Jason charges $42 per lawn mowed. Recently, LStar Property Management Services asked Jason to mow the lawn at each of its 29 rental houses every two weeks during the months of May through September. LStar has offered to pay $29 per lawn mowing, and would forego the lawn edging that normally takes Jason’s team about half of its regular mowing time. If Jason accepts the job, he can assign a one-man team to mow the rental house yards, and will have to buy an additional power lawn mower for about $370 used. Fuel to run the…

ABC Tours is organizing a 5 day trip to Toronto. For this particular five-day trip, it will cost the ABC Tours the following: $1,500/day Bus and driver Marketing Meals per person/day $5,00 (brochure and newspapers) $5.00 (4 breakfasts) $20.00 (5 dinners) $120.00 (4 nights) Hotel rooms (night) Events/attractions $25.00 (per event for a total of 7 events) $1,000 Other fixed costs Miscellaneous variable costs $100 (per person) Price per client $1,700 Travel guide $500/day Questions With the above information, calculate the following: 1. Total fixed costs 2. Variable costs (per client) 3. Contribution margin (per client) 4. PV ratio 5. The number of clients needed to break-even 6. The number of clients needed if Parkway wants to generate a $5,000 profit

Objectives of Allocation Samantha and Rashida are planning a trip to Padre Island, Texas, during spring break. Members of the varsity volleyball team, they are looking forward to four days of beach volleyball and parasailing. They will drive Samantha's car and estimate that they will pay the following costs during the trip: Motel (4 nights at $160) Food (each) Gas in total Parasailing and equipment rental (each) They have reservations at the Seascape Motel, which charges $135 per night for a single, $160 per night for a double, and an additional $15 per night if a rollaway bed is added to a double room. Samantha's little sister, Kallie, wants to go along. She isn't into sports but thinks that four days of partying and relaxing on the beach would be a great way to unwind from the rigors of school. She figures that she could ride with Samantha and Rashida and share their room. $640 155 123 120 Required: 1. Using incremental costs only, what would it cost Kallie to accompany Samantha and…

- Casino Express Bus Lines (Client Review for a Business Consulting Firm) Casino Express Bus Lines provides transportation from several regional locations to Casino City. Casino Express operates 365 days a year and offers several convenient daily departure and return times to each of its five metropolitan stations. Each bus holds up to 100 passengers per trip. The company’s strategy is to offer comfortable, moderately priced transportation to this popular gaming destination. A round-trip ticket costs each passenger $28 from any location. Based on seasonal demand, the company is committed to offering 7,300 total round-trips next year. The company’s president estimates that each round-trip has $1,000 in costs related to fuel, vehicle rental fees, inspec-tions, driver salaries, highway tolls, and miscellaneous regulatory fees. Casino Express incurs the following costs per passenger ($10 total): soft drinks and snacks ($1), casino meal-discount vouchers ($4), and slot machine coins ($5).…

Exquisite Exports inc. based in St-Jérôme, QC sells products to Total S.A. in Paris, France, under the following terms:   Terms of sale: CPT, port of Le Havre, Incoterms 2020 20 wooden pallets with Maple syrup loaded in on 40-ft ocean container Terms of delivery: ocean freight Terms of payment: open account, net 60 days   The container gets unloaded at Total’s warehouse in Paris. During the unloading process, the cargo is damaged. Who bears the loss related to this damage?

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how much does flycheap need to charge per passenger to break even on this flight if 25/32 seats are filled?  Revenue - 25 passenagers- 12,500 pounds costs - 500 pounds per passenager fuel 6000kg at  0.5 pounds per kg  Aircraft dry lease 2,500 pounds per flight Aircraft servicing 600 pounds per flight aircraft cost - 2 pilots at 700 pounds per hour, 3 crew at 400 pounds per hour  Other overheads - 1500 pounds per flight Airport charges (Landing, passenger use of facilities) - 900 pounds per flight Catering costs - 1400 pounds per flight.  You can omit the price of fuel if you want to provide an added challenge.