Question
Based on the description below, answer the questions that follow. The manager of a local motel asked you to figure out his cost structure to
Based on the description below, answer the questions that follow. The manager of a local motel asked you to figure out his cost structure to project his future operations. According to his records, the motel recorded the total costs of $20,500 by selling 800 rooms during the busiest month of the past year. During the slowest month, it sold 500 rooms at the total costs of $16,000. Based on the given information, determine the motels monthly Fixed Cost amount.
Do not put "$" or "," in your answer. Put only the number. For example put 10000 for $10,00. FYI, the Canvas will put "," automatically by itself. If necessary, round your answer to the nearest dollar.
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