Below is the 2020 budgeted income statement and CVP data for Four Winds Hotel - Phoenix, a 600-room 4-star hotel in central Phoenix. The Four Winds Hotel - Phoenix Profitability Analysis $15,600,000 $ 130.00 100.0% 5,400,000 $45.00 34.6% $10,200,000 $ 85.00 65.4% 9,200,000 $1,000,000 210,000 $790,000 10.2 Percent Occupancy Revenue Variable Costs Contribution Margin Fixed Costs Operating Income before Tax Income Taxes Net Income After Tax Degrees of Operating Leverage (DOL) Average daily room-day rate Average variable cost per room-day Fixed cost per year Tax rate Number of room-days Percent occupancy Room-day capacity -548% $35.000.000 $130.00 $45.00 $9.200,000 21.0% 120,000 54.8% 219,000 CVP Analysis $30.000.000 $25,000,000 $20,000,000 $15.000.000 Address the following questions for Four Winds' management team. 1. How many room-days are needed for the hotel to achieve breakeven point? What is the percentage occupancy at breakeven? What is the daily number of rooms occupied on average at breakeven? 2. What is the Operating income before tax if the hotel operates at 60% of capacity for the year? 3. How many room-days are needed for the hotel to achieve $2,500,000 Operating income before tax? What is the percentage occupancy at that level of activity? 4. How many room-days are needed for the hotel to achieve $2,500,000 Net income after tax? What is the percentage occupancy at that level of activity? 5. Answer question 4 above assuming that management needs to discount the average room rate to $120.00 per night