Prepare the motorway motel budget for next year

Assignment Help Engineering Mathematics

Reference no: EM131507629

Question: As the manager of the 60-room motel, you have the responsibility of preparing next year's budget from the following information:

¦ Annual occupancy: 74%

¦ Average room rate: $84

¦ Variable costs per room occupied: $8

¦ Annual fixed costs: $825,000

Prepare the Motorway Motel's budget for next year. Assume a 365-day year.

Reference no: EM131507629

Questions Cloud

What are the total variable costs in dollars : A restaurant has budgeted sales revenue of $912,000 for the next year. Variable costs are 72% of sales revenue and fixed cost is $102,000.

Which of the following programs is based on this philosophy : Partnerships should include youths at all levels of activity, with their roles considered as important as those of adults.

Examine and evaluate the coaching and mentoring intervention : Examine and evaluate the coaching and mentoring intervention. Describe the process of implementing management and leadership development interventions.

Calculate the budgeted rooms sales revenue : A motel has 40 units. During the month of June, its average room rate is expected to be $80, and its room occupancy 74%.

Prepare the motorway motel budget for next year : As the manager of the 60-room motel, you have the responsibility of preparing next year's budget from the following information

Examine three ways to satisfy each of the stakeholders : Examine at least three ways to satisfy each of the stakeholders in the business including the investors, the employees, the customers, and the community.

Describe three types of convergent plate boundaries : Describe three types of convergent plate boundaries and what happens to the plates involved in each type

Calculate total budgeted food sales revenue : A dining room has 66 seats. It is open only for lunch and dinner 6 days a week (closed Sundays). This particular August has four Sundays.

How has technology impacted our ability to communicate : How has technology impacted our ability to communicate? Has communication improved or deteriorated as a result of technology?

User Account

All Pages