Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A) A local Motel has provided you with the following information and has asked you to determine how much revenue must be generated to achieve

image text in transcribed

image text in transcribed

A) A local Motel has provided you with the following information and has asked you to determine how much revenue must be generated to achieve the desired profit objective and what is the Motel's break even sales in $ and occupancy %. one Select button The Required Revenue to reach profit objective is.... The Break-Even Sales in $ is....... The Break-Even Occupancy % is............ Average Room Rate Motel Rooms Available Operational Days Open Fixed Costs Desired Profit Objective Variable Cost Per Occupied Room $79.95 160 360 380,000 60.000 $21.25 (B) The local Motel in A above has provided you with the following additional information and has asked you to calculate the single and double room rate. Single Room Rate is: Double Room Rate is: Single Room Occupancy Double Room Occupancy Annual Occupancy % Spread between single 75% 25% 65% 11.00 C) A College's food operation has provided you with the following information and has asked you to determine how many meals must be sold to provide the desired annual profit. The Required Meals are: Average Meal Price Fixed Costs Desired Profit Variable Cost Per Mea $5.25 62,500 35,750 $2.95 D) A motel has provided you with the following information and has asked you to determine the variable cost per room The Variable Cost Per Room is: Revenue Fixed Costs Desired Profit Average Room Rate 725,000 395,000 175,000 $75.25 E) A local Pub & Grill has provided you with the following information and has asked you to determine how much revenue must be generated to achieve the desired profit objective. The Required Revenue is: Fixed Costs Desired Profit Variable Cost Per Meal 230,000 47,750 L62.5% REQUIRED: "Calculate the requirement for each objective the objective. "Created a legend of key monetary items for each objective *Provide a formal schedule to present the required results *Make sure you provide brief detail on how you arrived at key numbers. (Very similar to the way the answers were presented to you in Chapter 8 and Module 3 Problems.) SHOW ALL YOUR CALCULATIONS IN NEAT AND ORDERLY MANNER A) A local Motel has provided you with the following information and has asked you to determine how much revenue must be generated to achieve the desired profit objective and what is the Motel's break even sales in $ and occupancy %. one Select button The Required Revenue to reach profit objective is.... The Break-Even Sales in $ is....... The Break-Even Occupancy % is............ Average Room Rate Motel Rooms Available Operational Days Open Fixed Costs Desired Profit Objective Variable Cost Per Occupied Room $79.95 160 360 380,000 60.000 $21.25 (B) The local Motel in A above has provided you with the following additional information and has asked you to calculate the single and double room rate. Single Room Rate is: Double Room Rate is: Single Room Occupancy Double Room Occupancy Annual Occupancy % Spread between single 75% 25% 65% 11.00 C) A College's food operation has provided you with the following information and has asked you to determine how many meals must be sold to provide the desired annual profit. The Required Meals are: Average Meal Price Fixed Costs Desired Profit Variable Cost Per Mea $5.25 62,500 35,750 $2.95 D) A motel has provided you with the following information and has asked you to determine the variable cost per room The Variable Cost Per Room is: Revenue Fixed Costs Desired Profit Average Room Rate 725,000 395,000 175,000 $75.25 E) A local Pub & Grill has provided you with the following information and has asked you to determine how much revenue must be generated to achieve the desired profit objective. The Required Revenue is: Fixed Costs Desired Profit Variable Cost Per Meal 230,000 47,750 L62.5% REQUIRED: "Calculate the requirement for each objective the objective. "Created a legend of key monetary items for each objective *Provide a formal schedule to present the required results *Make sure you provide brief detail on how you arrived at key numbers. (Very similar to the way the answers were presented to you in Chapter 8 and Module 3 Problems.) SHOW ALL YOUR CALCULATIONS IN NEAT AND ORDERLY MANNER

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions