Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

For questions 5-7 assume that Roppongi does not purchase any car stackers, and that the attendant continues to be paid 10% of revenues, plus 150

image text in transcribed
image text in transcribed
For questions 5-7 assume that Roppongi does not purchase any car stackers, and that the attendant continues to be paid 10% of revenues, plus 150 per car parked 5. Currently, Roppongi allocates all of their costs to the actual number of cars that are parked. Assuming that the lot is full every weekday, what is the total cost to park each car? (1 0 points) Finally, Roppongi' s fourth plan is to open the lot on weekends. Assume that there are 10 weekend days per month (in addition to the 20 weekdays). This would not change their rent, and they would continue to pay the attendant 10% of revenues plus 150 per car parked. Assume that the lot would be full every weekday, but that they would only have twelve cars per day on a weekend day. Because of lower demand, Roppongi would charge only 2,000 to park one car for one day on the weekend. 6. If the rent on the land were allocated evenly per day, over both the weekends and the weekdays, what would be the total allocated cost to park one car for one day: a) on a weekday (5 points) b) on a weekend (5 points)

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

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

9781119563099

Students also viewed these Accounting questions