Jason Beck is the managing partner of a business that has just finished building a 60-room motel. Beck anticipates that he will rent these rooms for 15,000 nights next year (or 15,000 room-nights). All rooms are similar and will rent for the same price. Beck estimates the following operating costs for next year. (Click the icon to view the operating costs. (Click the icon to view additional information.) Read the requirements. Requirement 1. What price should Beck charge for a room-night? What is the markup as a percentage of the full cost of a room-night? Begin by selecting the formula, then enter the amounts and solve for the room price per night. = = Price per room-night 15 per room-right What is the markup as a porcentage of the full cost of a room-night? (Enter the markup as a percentage, X%.) = Markup as a % of full cost % markup 22500+ Requirement 2. Beck's market research indicates that if the price of a room-night determined in Requirement 1 is reduced by 15%, the expected number of room-nights Beck could rent would increase by 20%. Should Beck reduce prices by 15%? Show your calculations. Begin by calculating the new contribution margin which will help you make your decision. Select the formula first, then enter the amounts to calculate the contribution margin. (Round the new price per room to two decimal places. Round the contribution margin to the nearest dollar.) = New contribution margin Should Beck reduce prices by 15%? Because the contribution margin at the reduced price is the original contribution margin at the selling price you calculated in requirement 1, Beck reduce the price of the rooms. Choose from any list or enter any number in the input fields and then continue to the next question. Jason Beck is the managing partner of a business that has just finished building a 60-room motel. Beck anticipates that he will rent these rooms for 15,000 nights next year (or 15,000 room-nights). All rooms are similar and will rent for the same price. Beck estimates the following operating costs for next year. Click the icon to view the operating costs. (Click the icon to view additional information.) 0 Data Table If the full cost of a room-night? S 5 per room-night i More Info Variable operating costs Fixed costs Salarles and wages Maintenance of building and pool Other operating and administration costs $ 173,000 30,000 172,000 The capital invested in the motel is $900,000. The partnership's target relum on Investment is 25%. Beck expects demand for rooms to be uniform throughout the year. He plans to price the rooms at full cost plus a markup on full cost to earn the target return on investment. Total fixed costs $ 375,000 Print Done by 20%. Should Beck reduce prices by Print Done ula first, then enter the amounts to calculate the contribution margin. (Round the new price per room to two decimal places. Round the = New contribution margin Should Beck reduce prices by 15%7 Because the contribution margin at the reduced price is the original contribution margin at the selling price you calculated in requirement 1, Beck reduce the price of the rooms. Choose from any list or enter any number in the input fields and then continue to the next