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Question: The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $56 a night. Operating costs are as follows.
Salaries$6,100 per month
Utilities2,100 per month
Depreciation1,500 per month
Maintenance800 per month
Maid service8 per room
Other costs34 per room
If the inn plans on renting an average of 50 rooms per day (assuming a 30-day month), what is (1) the monthly margin of safety in dollars and (2) the margin of safety ratio? (Round ratio to 0 decimal places, e.g. 10%.)
On September 1, 2009, Health Wise International acquired a 12 percent, nine-month note receivable from Herbal Innovations, a credit customer, in settlement of a $22,000 account receivable. Prepare journal entries to record the following:
a partial listing of costs incurred during december at gagnier corporation appears belownbspnbspfactory supplies 24500
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Cost of Goods Manufactured was $850,000. Use this information to find the total manufacturing costs incurred during the fiscal year 2018
review the following statements and write 3-4 paragraphs that provide support for your answers1.managers should base
Swine Enterprises produces hams from locally raised pigs. Should the company smoke the ham? What if the selling price were $1.75 per pound
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How can managers make higher-quality decisions? Give an example of decision made by one company and discuss how the mangers will make high quality decision?
At the start of the financial reporting period of 2020 a fertiliser company determines it has a liability for cleaning, Compute the liability at the end
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In both employee surveys BIMS used all three levels of measurement to analyze the data collected. In reviewing the findings from the employee survey, the ultimate goal was to get the overall census of the employees on the survey questions.
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