ncome be! P8.13 A motel has 75 rooms it usually rents out, in the following...

70.2K

Verified Solution

Question

Accounting

image
ncome be! P8.13 A motel has 75 rooms it usually rents out, in the following proportions: 55% singles at $60 per night 45% doubles at $74 per night The motel has annual fixed costs of $445,000 and variable costs averages $14 per room occupied. a. Calculate the motel's breakeven level and its occupancy percentage. b. Calculate the occupancy percentage that will provide operating income (before tax) of $65,000 a year. FO 14

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students