The writer is very fast, professional and responded to the review request fast also. Thank you.
PROBLEM 4-5. Break-Even, “What If”Michael Bordellet is the owner/pilot of Bordellet Air Service. The company flies a daily round trip from Seattle’s Lake Union to a resort in Canada. In 2007, the company reported an annual income before taxes of $4,100 although that included a deduction of $60,000 reflecting Michael’s “salary.”$436,800Less costs:$60,000142,628124,80020,0001,50036,00018,000432,700$4,100Revenue of $436,800 reflects six round trips per week for 52 weeks with an average of four passengers paying $350 each per round trip (6 × 52 × 4 × $350 = $436,800). The flight to the resort is 400 miles one way. With 312 round trips (6 per week × 52 weeks), that amounts to 249,600 miles. The plane averages 7 miles per gallon.Requireda. How many round trips is Michael currently flying, and how many round trips are needed in total to break even?b. How many round trips are needed so that Michael can draw a salary of $100,000 and still not show a loss?c. What is the average before-tax profit of a round trip flight in 2007?d. What is the incremental profit associated with adding a round trip flight?
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more