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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$6,100 per month
Utilities 2,100 per month
Depreciation 1,500 per month
Maintenance 800 per month
Maid service 8 per room
Other costs 34 per room
Question 1: 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.
Question 2: If the inn plans on renting an average of 50 rooms per day (assuming a 30-day month), what is (1) the monthly margin of safety in dollars and (2) the margin of safety ratio? (Round ratio to 0 decimal places, e.g. 10%.)
Margin of SafetyMargin of safety ratio
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