Frio Ski resort’s total revenue was $460,000 in the last month. The management projected that the total revenue will mostly likely decrease by 12.00% due to low season in the next month. Based on the projections, what is the forecasted total revenue for Frio Ski Resort for the next month?
Total revenue for last month = 460000
Next month = 460000*88% = $404800
So Sales for the Next month would be $404800
Frio Ski resort’s total revenue was $460,000 in the last month. The management projected that the...
The Millennium Square Inn’s total room revenue is generated by its suite and standard rooms. Total revenue generated by the suit room sales is $95,000 in January. Also, total revenue generated by the standard room sales is $67,000 in the same month. The management forecasted that there will be 8.00% increase in revenues for suites and 6.00% decrease in revenues for standard rooms in February. Based on the information given, calculate the projected total room revenue for the Millennium Square...
Question 3 The Glory Mountain State Ski Area The Glory Mountain State Ski Area – owned and managed by a state public authority - expects to attract 292,500 skier days during the coming ski season. A skier day represents one skier at the mountain for one day. In addition to a $2,000,000 per year subsidy provided by the state, Glory currently earns its revenue from three sources: lift ticket sales, ski lessons, and food sales in the mountain’s lodges. Forty-five...
Please answer the third question in words with explanation. The Glory Mountain State Ski Area The Glory Mountain State Ski Area – owned and managed by a state public authority - expects to attract 292,500 skier days during the coming ski season. A skier day represents one skier at the mountain for one day. In addition to a $2,000,000 per year subsidy provided by the state, Glory currently earns its revenue from three sources: lift ticket sales, ski lessons, and...
i More Info Investors would like to earn a 14% return on investment on the company's $183,750,000 of assets. Mount Snow projects fixed costs to be $33,000,000 for the ski season. The resort serves about 725,000 skiers and snowboarders each season. Variable costs are about $12 per guest. Last year, due to its favorable reputation, Mount Snow was a price-setter and was able to charge $3 more per lift ticket than its competitors without a reduction in the number of...
K&B is a small management consulting firm. Last month, the firm billed fewer hours than expected, and, as expected, profits were lower than anticipated. Reported Income Statement Master Budget Billable hoursa 7,400 10,000 Revenue $ 690,000 $ 830,000 Professional salaries (all variable) 350,000 410,000 Other variable costs (e.g., supplies, computer services) 100,000 122,000 Fixed costs 209,000 204,000 Profit $ 31,000 $ 94,000 aThese are hours billed to clients. They are fewer than the number of hours worked because there is...
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $287,000, total variable expenses were $226,730, and fixed expenses were $35,700. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,400? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income Data for Hermann Corporation are shown below: Selling price Variable expenses...
Requirement 4. Xavier's top management is deciding whether to
embark on a $ 200 comma 000 advertising campaign. The marketing
firm has projected annual sales volume to increase by 18% as a
result of this campaign. Assuming that the projections are
correct, what effect would this advertising campaign have on the
company's annual operating income? If Xavier embarks on this
advertising campaign, sales revenue and variable costs will rise by
18 %, which will cause the contribution margin to increase...
The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented out for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month Occupancy- Days Electrical Costs January 3,250 $ 9,660 February 3,470 $ 10,185 March 3,660 $ 10,360 April 1,760 $ 6,160 May 1,350 $ 4,725 June...
The Cheyenn e Hotel in Big Sky. Montana, has accumulated records of the total electrical costs of the hotel and the number of cupancy-days over the last year. An occupancy-day represents a room rented for one day. The hoteľ's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month January February March April May June July August September October November December Electrical Costs $1,620 $8,352 $8,736 $5,190 $7,968 $3,960 $7,668 $8,78e $4,830 $2,49e $4,26e...
The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hote and the number of occupancy-days over the last year. An occupancy-day represents a room rented out for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month January February March April May June July August September October November December Occupancy- Days 3,180 2,920 3,780 2,160 650 2,050 4,050 4,070 1,780 570 1,580...