PLEASE SHOW YOUR WORK>THANK YOU Happy Valley Motel, a 30-room budget motel, has the following...
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PLEASE SHOW YOUR WORK>THANK YOU
Happy Valley Motel, a 30-room budget motel, has the following cost and price structure:
- Annual fixed costs equal to $250,500.
- Average selling price per room is $60 (ADR)
- Variable cost per room sold equals $15.
Part 1: If your target annual income (BEFORE TAX) is $50,000, how many rooms does Happy Valley Hotel have to sell per year to meet the goal? What will be the annual revenue for you to achieve this goal?
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