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Compute break-even point The Palmer Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents at $60 a night. Operating costs are as follows. Salaries $5,900 per month Utilities $1,100 per month Depreciation $1,000 per month Maintenance $100 per month Maid Service $14 per room Other costs $28 per room Instructions Determine the inn's break-even point in (a) number of rented rooms per month and (b) dollars. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" . (a) Determine the inn's break-even point in number of rented rooms per month Contribution margin per room Rent per room Value Variable cost per room ? Contribution margin per room ? Contribution margin ratio Contribution margin per room Value Rent per room Value Contribution margin ratio ? Fixed costs ? Break-even point in rooms Fixed costs Value Contribution margin per room Value Break-even point in rooms ? (b) Determine the inn's break-even point in dollars. Break-even point in dollars Break-even point in rooms Value Rent per room Value Break-even point in dollars ? OR Fixed costs Value Contribution margin ratio Value Break-even point in dollars ? When you have completed E5-9, consider the following additional question. 1. Assume that total fixed costs changed to $8,750 per month and the rental rate per room for a night changed to $65. Show impact of these changes have on the calculations.
The company paid dividends of$.40, $.45, $.52, and $.60 per share in the last four years. If the stock currentlysells for $12, what is your best estimate of the company's cost of equity capital?
Suppose you decide to purchase a $20,000 car with a mix of cash and a $2000 loan. What is the change in owner equity from this transaction?
Purpose a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June.
Harris Company's sales revenue for 2005 was $300,000. Harris has one product that sells for $25 and has variable costs of $18. Fixed costs total $155,000. How many units must Harris sell to break even?
Use the Excel file to answer the following questions. You will need to create various pivot tables to get the necessary subtotals to answer the questions. How does each salesperson's performance vary by quarter? I noticed that the quarter and year au..
Identify the assumptions that Millie has violated and explain how each event should have been handled. Prepare a corrected balance sheet.
On April 1, Clear Water Co., a water distiller, acquired new bottling equipment with a list price (fair market value) of $350,000. Clear Water received a trade-in allowance of $50,000 on the old equipment of a similar type and paid cash of $300,000
Given the following information: Period May June July August Demand 62K 73K 68K what is the August forecast for a 3-period weighted moving average if the weights for May, June and July are 1, 2, and 3, respectively?
Analyze the balance sheet, statement of owners' equity, and notes to the financial statements. Search for "dividends". Relate topics in our textbook to your company
Arthur Corporation has a margin of safety percentage of 25% based on its actual sales. The break-even point is $330,000 and the variable expenses are 45% of sales. Given this information, the actual profit is: (Do not round your intermediate calculat..
you are believer that new employees should practice their accounting skills before throwing them into the fire.
Discuss budgeting considerations. - Include the organization's budget process, the organization's budget variances and discuss management decisions related to budgeting.
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