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A 200 room hotel has an annual fixed cost of $1,050,000 and a net income goal of 12% return on investment $5,000,000. With an average
A 200 room hotel has an annual fixed cost of $1,050,000 and a net income goal of 12% return on investment $5,000,000. With an average room rate of $78 and average variable cost of $34, determine the annual number of room sales and revenue required (tax rate is 20%).
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