Business, 22.07.2020 21:01 emcarrell

Carter Carriage Company offers guided horse-drawn carriage rides through historic Sumter comma South Carolina. The carriage business is highly regulated by the city. Carter Carriage Company has the following operating costs during April: LOADING...(Click the icon to view the information.) During April (a month during peak season), Carter Carriage Company had 13 comma 400 passengers. Eighty percent of passengers were adults ($20 fare) while 20% were children ($12 fare). Requirements 1. Prepare the company's contribution margin income statement for the month of April. Round all figures to the nearest dollar. 2. Assume that passenger volume increases by 20% in May. Which figures on the income statement would you expect to change, and by what percentage would they change? Which figures would remain the same as in April?

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