The table below shows the 12-month income statement for Beach Town Jetski Rentals. The company has not yet reached its break-even point. How many daily jet ski rentals does the team need to break even? Beach Town Jetski Rentals Income Statement for the period January 1, 2015 - December 31, 2015 Sales ($325 x 500 daily rentals) $162,500 - Variable Cost Per Rental ($64 gas and parts) ($32,000) Gross profit $130,500 Operating expenses - Salaries - Rent and equipment Total Operating Expenses Net Income (profit or loss) No answer text provided. 1000 10000 261 ($75,000) ($186,000) ($261,000) ($130,500)

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
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The table below shows the 12-month income statement for Beach Town Jetski Rentals. The
company has not yet reached its break-even point. How many daily jet ski rentals does the team
need to break even?
Beach Town Jetski Rentals
Income Statement for the period January 1, 2015 - December 31, 2015
Sales ($325 x 500 daily rentals)
$162,500
- Variable Cost Per Rental ($64 gas and parts)
($32,000)
Gross profit
$130,500
Operating expenses
- Salaries
- Rent and equipment
Total Operating Expenses
Net Income (profit or loss)
O No answer text provided.
O 1000
O 10000
O261
($75,000)
($186,000)
($261,000)
($130,500)
Transcribed Image Text:The table below shows the 12-month income statement for Beach Town Jetski Rentals. The company has not yet reached its break-even point. How many daily jet ski rentals does the team need to break even? Beach Town Jetski Rentals Income Statement for the period January 1, 2015 - December 31, 2015 Sales ($325 x 500 daily rentals) $162,500 - Variable Cost Per Rental ($64 gas and parts) ($32,000) Gross profit $130,500 Operating expenses - Salaries - Rent and equipment Total Operating Expenses Net Income (profit or loss) O No answer text provided. O 1000 O 10000 O261 ($75,000) ($186,000) ($261,000) ($130,500)
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ISBN:
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OpenStax College