You operate a Caribbean destination resort. You currently offer plans for a cruise departing from the resort and plans for a casino stay. It is expected that in 2021 there will be some return to more normal travel. You will re-launch your advertising for 2021 announcing that customers will be able to do both for one price. Your marginal cost per customer is $4800. Customer Preferences   Cruise Casino Customer 1 $7,000 $3,000 Customer 2 $2,000 $6,000 Given the preferences, would bundling improve profits over the high-cost strategy?  Support your conclusion by showing if (by how much) profits differ under each strategy, bundle versus high price.

Macrovision sells a variety of satellite TV packages. The popular $600 Basic Package includes a hardware component (consisting of a satellite dish and receiver) along with a twelve-month subscription to 130 TV channels. Macrovision sells the hardware component without a subscription for $180, and sells a twelve-month subscription to the same 130 channels without hardware for $540/year. Let’s account for the sale of one Basic Package for $600 on January 1, 2018. Required: 1. Identify the performance obligations in the Basic Package contract, and determine when revenue for each should be recognized. 2. For the single Basic Package sold on January 1, 2018, allocate the $600 transaction price to the performance obligations in the contract, and prepare a journal entry to record the sale (ignoring any entry to record the reduction in inventory and the corresponding cost of goods sold). 3. Prepare any journal entry necessary to record revenue related to the same contract on January 31,…

Analyze Cityscape Hotels Cityscape Hotels has 200 rooms available in a major metropolitan city. The hotel is able to attract business customers during the weekdays and leisure customers during the weekend. However, the leisure customers on weekends occupy fewer rooms than do business customers on weekdays. Thus, Cityscape plans to provide special weekend pricing to attract additional leisure customers. A hotel room is priced at $180 per room night. The cost of a hotel room night includes the following: Line Item Description Cost Per Room Night(at normal occupancy) Housekeeping service $23 Utilities 7 Amenities 3 Hotel depreciation 55 Hotel staff (excluding housekeeping) 42 Total $130 The special weekend price is proposed for $120 per room night. At this price, it is anticipated that average occupancy for the weekend (Friday, Saturday, and Sunday) will increase from 30% to 50% of available rooms. Question Content Area a. What is the contribution margin for a…

Current Attempt in Progress Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and to give two to three classes per week. The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Kzinski that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination). Assume that Natalie has decided to use a periodic inventory system and now must choose a cost flow assumption for her mixer inventory. The following transactions occur in February to May 2022. Feb. 2 16 25 Mar. 2 30 31 Apr. 1 13. 30 May 4 27 Natalie buys two deluxe mixers on account from Kzinski Supply Co. for $1,170 ($585 each), FOB destination, terms n/30. She sells one deluxe mixer for $1.100 cash. She pays the amount owed to Kzinski. She buys one deluxe mixer on account from Kzinski Supply Co. for $603, FOB…

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 Meals: Breakfasts Lunches Dinners Scuba diving trips Water skiing trips Transportation to and from airport Airfare (round trip from Miami) Cost Data Cancun 6 Jamaica 4 $ 55/night $ 10/ea 7 6963. 454221 4 1 1 1 $ 15/ea $ 25/ea $ 75/ea $ 50/ea $ 375 (Cancun), $ 550 (Jamaica) $ 25 (Cancun), $ 40 (Jamaica) The Cancun trip sells for $1,750, and the Jamaica trip sells for $1,500, 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 $100 in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels. Complete this question by…

Please solve this step by step and showing calculation. Thanks in advance Pacifica Fitness Ltd is marketing a 'fitness package' in which, for $ 410 , it provides customers with a 6-month gym membership (which retails separately for $ 510 , a gym bag (which retails separately for $ 34 ) and five free zumba classes (which retail separately for 69 ). You are required to determine: a) Separate performance obligations and how much of the transaction price to allocate to each performance obligation. Good or Service Stand-alone Price Discount Allocation Allocated Amount Gym Membership Gym Bag Zumba Classes       Gym Membership Gym Bag Zumba Classes       Gym Membership Gym Bag Zumba Classes       Total       b) Pacifica Fitness Ltd sold 10 packages advance and receive first payment on 30 May 2023. The reporting period is 30 June 2023. Provide the accounting entries to record the receipt of the cash and the subsequent reporting date adjustment. 30 May 2023…

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Please type the answer. Dont use CHATGPT Best Burgers is a local burger joint that is celebrating its 10th anniversary. To reward its customers, Best Burgers has decided to offer its customers a discount of 20% during the next week. If the burgers usually sell for $2.00 each and Best Burgers expects to make a profit of $0.20 on each burger after the discount, what is the cost of making each burger? (Round your answer to 2 decimal places.)

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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 Meals: Breakfasts Lunches Dinners Scuba diving trips Water skiing trips Airfare (round trip from Miami) Transportation to and from airport Required 1 Cancun Jamaica 6 4 Required 2 Profit margin Profit margin (%) 69634 Cancun 7 $340 (Cancun), $500 (Jamaica) $46 (Cancun), $58 (Jamaica) The Cancun trip sells for $2,000, and the Jamaica trip sells for $1,760, and both packages allow two bags to be checked for free. % 1