Determine the inn''s break-even point in number of rented

Assignment Help Accounting Basics
Reference no: EM131786404

The Green Acres Inn is trying to determine its break-even point. The inn has 115 rooms that it rents at $138 a night. Operating costs are as follows.

Salaries $14,260 per month
Utilities $2,530 per month
Depreciation $2,300 per month
Maintenance $230 per month
Maid service $25.30 per room
Other costs $64.40

per room

Determine the inn's break-even point in number of rented rooms per month. (Round answer to 0 decimal places, e.g. 425.)

Determine the inn's break-even point in dollars. (Round answer to the nearest whole dollar, e.g. 5,275.)

Reference no: EM131786404

Questions Cloud

Confidence interval of the same parameter : (a) If A and B are disjoint, P(A) = 0.4 and P(B) = 0.5, then P(A OR B) = 0.9.
Compute predetermined factory overhead per direct labor-hour : If the budgeted direct labor time for December is 4,000 hours, then the predetermined factory overhead per direct labor-hour for December would be
How many shares of treasury stock does forgione have : How many shares of treasury stock does Forgione have? What are the dividends per share of common stock as a result of this distribution?
What percentage of the females have brown eyes : Sum the numbers of students in each row and each column, and put these sums into your table. Also put the total number of students in the lower right corner.
Determine the inn''s break-even point in number of rented : Determine the inn's break-even point in number of rented rooms per month
Coefficient of determination : The coefficient of determination is influenced by what factors? Give an example where it could be used in your industry.
Explain conditions of compliance for inflation accounting : Explain the conditions of compliance for inflation accounting. Evaluate the advantages and disadvantages of inflation accounting within a multinational company.
Set up a network consisting of pc : You are required to set up a network consisting of PCs, routers and servers. You need to configure routing between routers - Perform the activities and support
Populations is useful in some instances : Comparing the means of two populations is useful in some instances. What other information and why is needed to ensure the comparison is valid statistically?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd