User Account

All Pages

Find the number of rooms that must be let

Assignment Help Financial Accounting
Reference no: EM132962797

Question - A hotel has average revenue of $200 per room occupancy. Variable costs are $50 per room occupancy and fixed costs are $3,300,000 per year. Find the number of rooms that must be let for the hotel to breakeven?

a. 13,200

b. 16,500

c. 22,000

d. 66,000

Reference no: EM132962797

Questions Cloud

What is the effective annual rate of the discount : Your supplier grants you credit terms of 3/10, net 42 (a 3.00% discount). What is the effective annual rate of the discount if you purchase $4,000 worth
What is the highest daily fee the firm should pay : What is the highest daily fee the firm should pay to completely eliminate its float? Actuarial Adventures receives an average of 25 payments every day.
Determine the cash payback period : Problem - A project has estimated annual net cash flows of $51,800. It is estimated to cost $367,780. Determine the cash payback period
What does number actually represent when compute eac : When compute the Equivalent Annual Cost (EAC), we end up with a number. What does this number actually represent? When would we use the EAC calculation?
Find the number of rooms that must be let : Variable costs are $50 per room occupancy and fixed costs are $3,300,000 per year. Find the number of rooms that must be let for the hotel to breakeven
Determine the inventory turnover ratio for liberty solutions : Determine the Inventory Turnover Ratio (ITR) and the Days Sales Outstanding (DSO), assuming the industry average is 90 days
What is the duration of instrument b : What is the duration of instrument B? Express your answer in terms of years and round your answer to three decimal places. Assume the yield rate is j2 = 2.34%
Determine net profit margin and assets turnover ratio : The company also paid taxes at 32% and interest at 6%. Determine the Net Profit Margin, Assets Turnover Ratio, ROA, ROE and Return on Invested Capital
What will be the current ratio and the quick ratio : What will be the Current Ratio and the Quick Ratio? If the Baldwin Corporation company has $ 2 million of inventory, $ 5 million of total current assets

Reviews

Write a Review

Financial Accounting Questions & Answers

  Discuss about managing talent

What approach do managers in your organization take to talent management? What are the results? Discuss about Managing Talent

  Show the impact of the fundamental equation of accounting

General operating fund and MFS special purpose fund, show the impact of the fundamental equation of accounting of each of the following events.

  Compute for leslie fay the ratios shown in exhibit

Prepare common-sized financial statements for Leslie Fay for the period 1987-1991. For that same period, compute for Leslie Fay the ratios shown in Exhibit. Given these data, which financial statement items do you believe should have been of particul..

  Compute consolidated balances for hi-speed

Prepare calculations showing how Hi-Speed derived the $856,000 amount for its investment in Wi-Free and compute consolidated balances for Hi-Speed and Wi-Free. Either use a worksheet approach or compute the balances directly.

  Question several years ago abrams inc sold 1120000 in bonds

question several years ago abrams inc. sold 1120000 in bonds to the public. yearly cash interest of 9 100800 was to be

  Prepare the journal entries to record the transactions

Flynn Company purchased 50 Rinehart Company 14%, 10-year, $1,700 bonds on January 1, 2014, for $85,000. The bonds pay interest semiannually on July 1 and January 1. On January 1, 2015, after receipt of interest, Flynn Company sold 30 of the bonds for..

  Evaluate of dividend per share net dividend per share and

evaluate of dividend per share net dividend per share and retention ratio.anbspa for-profit hospital earns a gross

  Calculate the depreciation expense for pronghorn corp

Pronghorn Corp. purchased a machine on July 1, 2020, Calculate the 2020 depreciation expense if Pronghorn prepares financial statements in accordance with ASPE.

  Prepare borrowers journal entry to record the restructuring

On December 31, 2014, Lender Company entered into a debt restructuring agreement with Borrower Company, which is now experiencing financial trouble. Prepare Lender's journal entry to record the restructuring on 12/31/14. Prepare Borrower's journal en..

  Using the indirect method of presenting cash flows

The comparative balance sheet of Tru-Built Construction for December 31, 2014 and 2013, Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, ca..

  Uses standard costing-labor rate variance

The Collins Corporation uses standard costing and has established the following direct material and direct labor standards for each unit of the single product it makes:

  Find the amount to be charged as amortization

Zenith spent another $500 000 on infrastructure construction at the mine site. Find the amount to be charged as amortization

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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