Lofty Airlines Has a Flight for Which the Regular Ticket

question 135

Multiple Choice

Lofty Airlines has a flight for which the regular ticket price is $200 and the variable costs per passenger are $50. Fixed costs assigned to each flight are $12,000. Each flight has a capacity of 125 seats, with an average of 95 seats sold at the regular price. To attract customers to the last 30 unsold seats, Lofty discounts the tickets by 50% for standby passengers. The break-even number of regular-priced seats per flight is

• A)50
• B)80
• C)95
• D)120

Understand the role of a leader in facilitating team objectives through task assignment.

Comprehend techniques for enhancing teamwork and group decision-making quality.

Grasp the concept and practical application of force field analysis in organizational change.

Recognize the relevance of appreciative inquiry beyond marketing.

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Definitions:

Remeasurement Gains And Losses

Gains or losses that result from the process of converting the financial statements of a foreign operation into the presentation currency or functional currency.

Unrealized Gains

Gains on investments that have increased in value but have not yet been sold and thus not turned into cash.

Statement

A general term for any kind of financial report or declaration made by a company or an individual.

Public Sector Accounting Board

A body responsible for setting accounting standards for governmental and other public sector entities.