Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i did part A but im having trouble with part b can you please help me. i really appricated The Soma Inn is trying to
i did part A but im having trouble with part b can you please help me. i really appricated The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $52 a night Operating costs are as follows. Salaries Utilities Depreciation Maintenance Maid service Other costs $4,800 per month 3,000 per month 1.200 per month 750 per month 7 per room 32 per room (a) Your answer is correct, Determine the inn's break-even point in (1) number of rented rooms per month and (2) dollars. 1 Break-even point in rooms 750 2 Break-even point 39000 per month If the inn plans on renting an average of 50 rooms per day (assuming a 30-day month), what is (1) the monthly margin of safety in dollars and (2) the margin of safety ratio? (Round ratio to 0 decimal places, e.g. 10%.) 1. Margin of safety $ 2. Margin of safety ratio % e Textbook and Media Save for Later Last saved 6 days ago, Attempts: 1 of 15 used Submit
i did part A but im having trouble with part b can you please help me. i really appricated
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started