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Question - The 100 room limited service pepper inn has an ADR or 80 and variable costs per room sold of 15. Assume there is no other sales activity. Its monthly fixed costs total is 100,000$.
-How many rooms must be sold to breakeven??
-What day of the month does it break even if it averages a paid occupancy percentage of 60%? Assume all 100 rooms are available for sale each day.
-If variable costs are reduced by $3 and fixed costs increase by $72,000 annually, what are the monthly breakeven revenues?
Determine the Operating Cash Flow for Clarksville Company. What accounts for the difference in the net income and the operating cash flow?
Prepare the journal entries for Whispering related to this contract. Either party may terminate the contract without compensation until one of the parties
How the property rights are presented in the balance sheet at the end of the fiscal year? Determining the value of Ahmed's rights on December 31, 2009
What is the future value of a 15-year annuity of $1,800 per period where payments come at the beginning of each period? The interest rate is 12 percent
You decided that the best way of learning how your bank's mortgage department works is to experience the mortgage application process first.
The income statement for Carlos Inc. If Carlos has 100,000 shares of common stock outstanding throughout the year, what is the earnings per share?
Amanda?, ?Inc., purchased inventory costing $170,000, Journalize these transactions for Amanda?, which uses the perpetual inventory system.
If a 20% bonus issue was declared and issued. What was the total contributed capital after the distribution of the bonus issue
The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2016, balance of $16,035.62. Prepare a bank reconciliation for the MSI checking account at December 31, 2016. You will have to compute the balance per..
Which of the projects would be considered independent, assuming the company has adequate capital? A project to build new parking lot on an unused piece of land.
Prepare depreciation schedules for the following methods: straight-line, units of- activity, and declining-balance using double the straight-line rate
Prepare the journal entry necessary for the change that took place during 2015, and show net income reported for 2012, 2013, 2014, and 2015
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