Find the number of rooms that must be let for the hotel

Assignment Help Financial Accounting
Reference no: EM132966759

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: EM132966759

Questions Cloud

What is the number of shares to be used : No bonds were converted into common stock in 20x3. What is the number of shares to be used in computing basic earnings per share and diluted earnings per share
Find the number of umbrellas which were actually sold : The level of sales in units which was actually achieved provided a margin of safety of 6,000 units. Find the number of umbrellas which were actually sold
Determine mini current income tax expense : Mini earns an after-tax rate of return on capital of 8%. For 2020, determine Mini's current income tax expense
What is the Mortgage amount : Ordinary Income Tax Rate: 28%, Capital Improvements: $ 213,000, Real Estate Taxes 187,000 and Insurance 73,000. What is the Mortgage amount
Find the number of rooms that must be let for the hotel : 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
Calculate the total incremental cost : Calculate the total incremental cost of making 75,000 and buying 75,000 units. Should the company continue to manufacture the part, its or should it buy
Prepare financial statements including trial balance : Problem - Please record transactions for the following transaction and prepare financial statements including trial balance for July 2019
Compute the monthly beginning of-the-period payment : William's son starts college in 11 years. Compute the monthly beginning of-the-period payment that is necessary to fund the current deficit
Prepare the consolidated statement of financial position : Prepare the Consolidated Statement of Financial Position for Petre Ltd and its subsidiary as at 31 December 2020. (Show all workings)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find how many times have seen in the news examples of ceo

Find How many times have you seen in the news examples of CEO excesses or outlandish spending on events or things that definitely do not help the overall goal

  Compute the turnover ratios for accounts receivable

The average gross profit percentage was 51.5 percent. Compute the turnover ratios for accounts receivable and inventory

  What basic difference financial statements of merchandising

What The basic difference between financial statements of a merchandising entity a service entity include the cost of goods sold section

  Prepare a retained earnings statement for the fiscal year

Prepare a retained earnings statement for the fiscal year ended October 31, 2008.

  How much can short-term debt increase

The Artist Company has P1,312,500 in current assets. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.0?

  What is the company free cash flow for the year

What is the company's free cash flow for the year if its tax rate is 25%? Assume "other long-term liabilities" are operating liabilities

  Cmu clinic is considering

CMU clinic is considering purchasing

  Determine cost of landdiscount delivery company acquired an

determine cost of landdiscount delivery company acquired an adjacent lot to construct a new warehouse paying 25000 and

  How much will the car cost in five years

Lulu is looking at a car that would cost her $25,000 today (assume this is a negative cash flow). How much will the car cost in 5 years

  Close relationship between accounting and finance

Explain the close relationship between accounting and finance.

  Discuss unadjusted trial balance at the end of year

North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31.

  Compute the issue price of each of the bonds

Compute the issue price of each of the following bonds. See thePresent and Future Value Tablesfrom the Appendix for help in solving this item

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