Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3 points Save Answer GC Hotel Holding Company has 2 hotel chains: a luxury chain and a economy chain. The luxury chain represents 60% of
3 points Save Answer GC Hotel Holding Company has 2 hotel chains: a luxury chain and a economy chain. The luxury chain represents 60% of its revenue, and provides a contribution margin ratio of 30% The economy chain provides 40% of its revenue, and provides a 45% contribution margin ratio. The company's fixed costs are $8,100,000 What is the weighted average contribution margin ratio? What is the breakeven sales in dollars? To achieve breakeven for the company, what is the revenue the luxury chain must achieve? To achieve breakeven for the company, what is the revenue the economy chain must achieve? If the company has a desired income of $1,800,000, what amount of revenue would CG Hotel Holding Company earn from the economy chain if they achieve this goal with the current sales mix? No need to write down the $ sign or % sign. No need to write the thousand separator. e.g. if your answer is 56%, write 56 in the blank. If your answer is $9.999, write 9999 in the blank
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started