Health Cruises Case Read the Health Cruises Case and submit answers to the following questions. 1. What is the minimum number of passengers Health Cruises must sign up by November 20th to break even? [show your calculations] Considering that an average ticket price is $1500 and the cost per passenger is $200‚ each sold ticket generates $1‚300 of the positive cash flow. Since $295‚000 of the initial capital had been spent by November 14th‚ the following minimum number of passengers must
Premium Advertising Communication design Price
PROBLEM 8-1 Net Profit Margin | = | Net Income Before Minority Share of Earnings and Nonrecurring Items | | | Net Sales | 2011 | | 2010 | $52‚500 | | $40‚000 | $1‚050‚000 | | $1‚000‚000 |
Premium Generally Accepted Accounting Principles Revenue
768-2632 Southern Methodist University Dallas‚ TX 75275-033 e-mail: mldavis@mail.cox.smu.edu Office Hours: 10:00- 11:00 T Th or by appointment Required text: Eun and Resnik‚ International Financial Management (6th edition). Objective The purpose of this course is to give you a better understanding of the unique problems and opportunities presented by international business. Since the special emphasis of this course is finance‚ we will
Premium International economics International trade Exchange rate
2008 2009 2010 2011 2012 Summit Bank 0.95 0.59 0.54 0.62 0.54 JS Bank 0.65 0.55 0.53 0.43 0.33 Industry Average 0.81 0.75 0.69 0.61 0.58 ADR Over the years‚ the ratio is in a decreasing trend for Summit Bank. With comparison for the last five years‚ the ADR is greater than that of JS bank which clearly shows that the advances given by summit bank were much greater than given by the JS bank. If we compare it to the industry average both of the banks are not doing well. This may be because these
Premium Bank Money
Nakoi? II. Case Review The case is focused to Pete Parker‚ the CEO of Franklin Lumber who wants to expand the division production capability of Plywood Press leading to the hiring of Courtney Jones. Courtney Jones was hired in order to perform a financial evaluation on two new machines that he is considering and to critic the company’s capital budgeting policies. The top choices for the expansion of Plywood Press are Nakoi which cost $750‚000 and Dakota worth $ 1‚300‚000 and Dakota has also three
Premium Time Investment Term
Inside Royal Caribbean Cruise Lines Page 1 Royal Caribbean is a $4 billion company that began in 1969 in Norway. It’s the second largest cruise line on the market behind Carnival that makes up 27% of the world’s cruise market. Edwin Stephan and Arne Wilhemsen merged their ideas together to present cruises to the Caribbean for wealthy people living in Florida. Three Norwegian shipping companies established Royal Caribbean Cruise Line: Anders Wilhemsen
Premium Cruise ship Cruise line
The Rio de Janeiro Carnival - Rio de Janeiro‚ Brazil The Carnaval in Rio de Janeiro is a world famous festival held before Lent every year and considered the biggest carnival in the world with 2 million people per day on the streets. The first festivals of Rio date back to 1823. The typical Rio carnival parade is filled with revelers‚ floats and adornments from numerous samba schools which are located in Rio. ur number one is Rio Fest. The first records of Carnival festivities in Rio de Janeiro
Premium Carnival Rio de Janeiro
My Singapore with Cruise (July – Sept’13) 5 Nights & 6 Days Destination: Singapore Singapore Blessed with a tropical climate‚ Singapore is warm throughout the year and anytime is a good time to visit this vibrant place. The wettest months are November and December while the hottest are May and June. However‚ to capture the true essence of the city‚ the festival season is considered by many as a good time to explore Singapore. Whether it is culture‚ cuisine‚ arts or architecture‚ Singapore
Premium Hotel
1. What is the minimum number of passengers Health Cruises must sign up by November 20th to break even? [show your calculations] Fixed Cost = 220000+10000+65000 = 295000 Variable cost per passenger = 200 Revenue = 1500 per passenger X # of passengers (# of passengers = x) Revenue – Cost = Profit 1500x – (200x+295000) = 0 x = 226.92 rounded up to 227 passengers to break even 2. Should Health Cruises go ahead with the cruise since 200 people have signed up by November 14th?
Premium Variable cost Costs Passenger
The PepsiCo‚ Inc.(PEP) was founded in 1965 and is a global food‚ snack and beverage company that encompasses over 22 brands within Pepsi Cola‚ Lay’s‚ Gatorade‚ Tropicana and Quaker Oats and are a vital player in the beverages and foods industry. Their primary sector is based on consumer goods and the company employs approximately 297‚000 people and $60B in revenue. Currently‚ the Chief Executive Officer (CEO) of PepsiCo is Indra K. Nooyi and its headquarters is located in Purchase‚ NY. On 19
Premium Financial ratio General Electric Jeffrey R. Immelt