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4) SUMPRODUCT Question 16 (1 point) You own a motel with 115 rooms. Fixed daily cost...
please help Best Eastern Motel is a regional motel chain. Its rooms rent for $120 per...
please help
Best Eastern Motel is a regional motel chain. Its rooms rent for $120 per night. The cost is $60 a room with fixed costs of $480,000. a) Determine the revenue R from renting x rooms b) Determine the cost C of renting x rooms c) Determine the profit P of renting x rooms d) Determine the break-even point and Comment e) Graph R and C together and label the break-even point. Label the fixed costs on the graph....
Problem 12 The Myer Motel (MM), a rooms-only fifty-room lodging operation, has a cost structure as...
Problem 12 The Myer Motel (MM), a rooms-only fifty-room lodging operation, has a cost structure as follows: Monthly fixed costs = $20,000 Variable costs/room sold = $20 ADR = $60 Average Tax Rate = 20 percent Required: 1 What is MM's CMR? 2. What is MM's breakeven point? (in rooms sold) 3. If MM is to make $10,000 of monthly profit (after tax), what must its total revenue be? 4. If the MM makes $10,000 of monthly profit during June,...
Problem 12 The Myer Motel (MM), a rooms-only fifty-room lodging operation, ha follows: Monthly fixed costs...
Problem 12 The Myer Motel (MM), a rooms-only fifty-room lodging operation, ha follows: Monthly fixed costs - $20,000 Variable costs/room sold = $20 ADR = $60 Average Tax Rate = 20 percent Required: 1 What is MM's CMR? 2. What is MM's breakeven point? (in rooms sold) 3. If MM is to make $10,000 of monthly profit (after tax), what must its total revenue be? 4. If the MM makes $10,000 of monthly profit during June, what day of the...
The manager of a local motel asked you to figure out his cost structure to project...
The manager of a local motel asked you to figure out his cost structure to project his future operations. According to his records, the motel recorded the total costs of $72,000 by selling 7,500 rooms during the busiest month of the past year. During the slowest month, it sold 4,500 rooms at the total costs of $48,000. Based on the given information, please answer the following questions. Find out the motel’s fixed cost amount per month Find out the motel’s...
The Richibouctou Inn is trying to determine its break-even point. The inn has 70 rooms available...
The Richibouctou Inn is trying to determine its break-even point. The inn has 70 rooms available that are rented at $50 a night. Operating costs are as follows: Salaries $10,680 per month Maintenance $400 per month Utilities $1,950 per month Housekeeping service $4 per room Depreciation $1,010 per month Other costs $26 per room Determine the inn’s break-even point in the number of rented rooms per month and dollars. Break-even point rooms Break-even point $ If the inn plans on...
The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that...
The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $56 a night. Operating costs are as follows. Salaries $10,600 per month Utilities 2,600 per month Depreciation 1,400 per month Maintenance 700 per month Maid service 7 per room Other costs 31 per room Correct answer iconYour answer is correct. Determine the inn’s break-even point in (1) number of rented rooms per month and (2) dollars. 1. Break-even point in rooms...
Tim Urban, owner/manager of Urban's Motor Court in Key West, is considering outsourcing the daily room...
Tim Urban, owner/manager of Urban's Motor Court in Key West, is considering outsourcing the daily room cleanup for his motel to Duffy's Maid Service. Tim rents an average of 50 rooms for each of 365 nights (365 x 50 equals the total rooms rented for the year). Tim's cost to clean a room is $13.50. The Duffy's Maid Service quote is $18.50 per room plus a fixed cost of $24,000 for sundry items such as uniforms with the motel's name....
1.You run a hospital with 100 rooms. Fixed daily cost is $901.00 which includes staff salary,...
1.You run a hospital with 100 rooms. Fixed daily cost is $901.00 which includes staff salary, property charges, maintenance etc. Variable cost per room is $19.00 which includes cleaning, equipment rentals, utility cost etc. which is incurred only when the room is full. You charge $50.00 per room per day. You sold 33.00 rooms today, how much profit/loss did you earn for today. 2 .For a table manufacturing company, selling price for a table is $21.00 per Unit, Variable cost...
The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that...
The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $56 a night. Operating costs are as follows. $10,000 per month Salaries 2,100 per menth Utilities Depreciation 1,500 per month 800 per month Maintenance 7 per room Maid service 31 per room Other costs Determine the inn's break-even point in (1) number of rented rooms per month and (2) dollars 1. Break-even point in rooms 2. Break-even point If the inn...
The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that...
The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $56 a night. Operating costs are as follows. Salaries $8,350 per month Utilities 2,100 per month Depreciation 1,400 per month Maintenance 750 per month Maid service 8 per room Other costs 34 per room Determine the inn’s break-even point in (1) number of rented rooms per month and (2) dollars. 1. Break-even point in rooms 2. Break-even point $ per month...
please help
Best Eastern Motel is a regional motel chain. Its rooms rent for $120 per night. The cost is $60 a room with fixed costs of $480,000. a) Determine the revenue R from renting x rooms b) Determine the cost C of renting x rooms c) Determine the profit P of renting x rooms d) Determine the break-even point and Comment e) Graph R and C together and label the break-even point. Label the fixed costs on the graph....
Problem 12 The Myer Motel (MM), a rooms-only fifty-room lodging operation, has a cost structure as follows: Monthly fixed costs = $20,000 Variable costs/room sold = $20 ADR = $60 Average Tax Rate = 20 percent Required: 1 What is MM's CMR? 2. What is MM's breakeven point? (in rooms sold) 3. If MM is to make $10,000 of monthly profit (after tax), what must its total revenue be? 4. If the MM makes $10,000 of monthly profit during June,...
Problem 12 The Myer Motel (MM), a rooms-only fifty-room lodging operation, ha follows: Monthly fixed costs - $20,000 Variable costs/room sold = $20 ADR = $60 Average Tax Rate = 20 percent Required: 1 What is MM's CMR? 2. What is MM's breakeven point? (in rooms sold) 3. If MM is to make $10,000 of monthly profit (after tax), what must its total revenue be? 4. If the MM makes $10,000 of monthly profit during June, what day of the...
Tim Urban, owner/manager of Urban's Motor Court in Key West, is considering outsourcing the daily room cleanup for his motel to Duffy's Maid Service. Tim rents an average of 50 rooms for each of 365 nights (365 x 50 equals the total rooms rented for the year). Tim's cost to clean a room is $13.50. The Duffy's Maid Service quote is $18.50 per room plus a fixed cost of $24,000 for sundry items such as uniforms with the motel's name....
The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $56 a night. Operating costs are as follows. $10,000 per month Salaries 2,100 per menth Utilities Depreciation 1,500 per month 800 per month Maintenance 7 per room Maid service 31 per room Other costs Determine the inn's break-even point in (1) number of rented rooms per month and (2) dollars 1. Break-even point in rooms 2. Break-even point If the inn...
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