What is the cmr for the food operation

Assignment Help Financial Accounting

Reference no: EM13753450

The Lucas Inn has room and food operations. The rooms operation provide 65% of the total revenue and has variable cost of 25%. The food operation provides 35% of the total revenue cost and has variable cost of 60%. The total annual fixed cost are $300,000.

1. what is the CMR for the rooms operation?

2. what is the CMR for the food operation?

3.what is the weighted average CMR for the Lucas Inn?

4. what is the breakeven point?

5. If the average tax rate is 20%, what is the annual revenue required to achieve annual net income of $100,000.

Show your work

Reference no: EM13753450

Questions Cloud

How strategies to end world war ii lead to outbreak cold war : How did the strategies to end World War II lead to the outbreak of the Cold War? How did the Cold War shape developments in Europe, China, Viet Nam, and Korea?

Prepare a master budget for the first quarter : Required: Prepare a master budget for the first quarter on the excel template provided, that includes:

An explanation of why you created the specific goal : An explanation of why you created the specific goal and An analysis of the impact that the information which is generated in the form of reports will have on the client

What is the magnitude of the electric field : What is the magnitude of the electric field at the center of the circle along which the arc lies? The radius of the arc is 2.4 m and it goes 262 degrees around the center, starting at the positive x axis.

What is the cmr for the food operation : The Lucas Inn has room and food operations. The rooms operation provide 65% of the total revenue and has variable cost of 25%. The food operation provides 35% of the total revenue cost and has variable cost of 60%. The total annual fixed cost are $30..

Develop a report on the redesign of the clients web site : You will examine the reports generated by Google Analytics Web analytics service, and then develop a report on the redesign of the client's Web site or of a page of the client's Web site. Client is Starbucks

How many rooms must be sold to break even : The 100-room limited service Pepper Inn has an ADR of $80 and variable cost per room sold of $15. Assume there is no other sales activity. Its monthly fixed cost total $100,000. How many rooms must be sold to break even?

Supporting activity and security personnel : Write a 100- to 200-word short-answer response for the following: Supporting Activity: Security Personnel. Do you think that security personnel require specific skills. Should security practices by an organization be used to prevent the misuse of ..

Compute diluted earnings per share : In 2013, Chirac Enterprises issued, at par, 75 $1,070, 7% bonds, each convertible into 110 shares of common stock. Chirac had revenues of $20,900 and expenses other than interest and taxes of $9,450 for 2014. (Assume that the tax rate is 40%.) Throug..

User Account

All Pages