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10.Using the following information taken from the first week in November operating and financial reports of Hudson's steakhouse, what is the operation's weighted contribution margin
10.Using the following information taken from the first week in November operating and financial reports of Hudson's steakhouse, what is the operation's weighted contribution margin for the six types of steaks it sells? A. $11.70 B. $11.20 C. $12.20 D. $12.70 11. Which is the final step in the computation of the Hubbart room rate formula? A. Calculate the hotel's required ADR B. Calculate the hotel's target before-tax net income C. Calculate the hotel's estimated non-operating expenses. D. Calculate the hotel's estimated operating expenses. 2.A hotel has 400 rooms. Last night 5 rooms were out of order. Last night the hotel sold 300 rooms at an ADR of 215.00. What was the hotel's RevPAR last night? A. $161.29 B. $163.25 C. $163.29 D. $161.25 13.A corporation purchases a piece of property that will be depreciated using the straight-line method of depreciation. The asset is purchased for $60,000 and it has a salvage value of $10,000. What will be the amount of annual depreciation allowed for this piece of property if its estimated useful life is four years? E. $12,500 F. $13,000 G. $14,500 H. $15,000 14.An individual purchases an interest in a restaurant for $500,000. Three years later the investor sells his interest for $620,000. What was the percentage amount of this investor's total gain on the investment? A. 24% B. 22% C. 24% D. 22%
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