Lindsay's Luau Lanai has an average guest check of $10.00. Variable food, labor and overhead (total variable costs) are $6.00 per meal. Fixed costs for the restaurant for one year are $50,000 in salaries, $20,000 in rent, and $20,000 in other fixed costs. Calculate the following: a. Contribution margin per meal b. Breakeven number of meals for one year c. Variable cost percentage d. Contribution margin percentage e. Breakeven sales revenue for one year 2) Andy's Sports Camp operates with a variable cost percentage of 75%. The owner wants to increase sales by an amount necessary to cover adding an additional $500 per month in fixed costs. What are the additional annual sales revenue required to cover the additional fixed costs desired by the owner? What type of sports are played at this camp? A car dealership is marketing a three-year car deal --You can either buy a car for 11.500 dollars or lease the same car for 400 per month. After reading the fine print you discover the following information: If you buy the car, it will last 3 years with a trade-in value of 3500 dollars at the end of the 34 year. You must trade in the car. You will pay 5000 dollars down payment (year 0) and then you will pay another 5000 in years 1 and 2. If you lease the car, you will turn it in at the end of 3 years and owe no further dollars. You make one annual lease payment at the end of years 1,2 and 3 (note: nothing in year 0) that covers the 400 per month lease cost. Regardless of whether you buy or lease, you will need to pay 1000 in years 1 and 2 only - for annual maintenance costs. Complete 2 NPV grids - one for buying the car and one for leasing the car. Use 6% for your discount factor. Ignore depreciation and taxes. Which is the better approach financially, meaning which has the lower NPV - the cost of the car in today's dollars? ..pdf MacBook Air Seattle's W Hotel had budgeted occupancy of 5000 room nights with an ADR of $200 and a variable housekeeping cost of $ per room. Actual data indicated a total of 5300 rooms were sold at an ADR of $175. Calculate the following sales budget variances and indicate each variance is favorable or unfavorable. What is the total sales budget variance ? What is the price variance? What is the quantity variance? 5) Assume the housekeeping cost per room was actually S10 per room. Using the information from question 4 what is the total housekeeping cost variance? What is the price variance and quantity variance? Indicate the variances are favorable or unfavorable You manage a 125-seat cafe that serves breakfast (2.5 turnover and $9.00 avg, guest check), lunch (1.5 tumover and $17.00 avg. guest check) and dinner (225 tumover and $25.00 avg. guest check). Breakfast is served weekends only (SauSun) Lunch and dinner are served 7 days per week. Forecast sales revenue for the year for breakfast, for lunch, for dinner, and total annual cafe food sales. There are 4 hotels on a Caribbean island. The first has 90 rooms with 80% occupancy. The 24 has 120 rooms and 70% occupancy, and the 39 and 4 hotels each have 90 rooms of inventory Hotel 3 runs an annual occupancy of 65% and hotel 4 runs 80% occupancy for the year. Calculate the weighted average occupancy rate of the stand that has just these four hotels You have an opportunity to purchase an automated wood floor Vacuuming and resurfacing machine for your hotel. The machine retails for $40,000. t will last for 5 years with an estimated residual (trade-In) value of $5,000 dollars at the end of the useful it. It will save $10,000 in labor costs the first year. Those savings will increase by 10% every year after that it will take an investment in parts in years 2 and 4 only. The parts will cost $2000 in each of those years Calculate the not present value of the project given your company's hurdle rate of 12%. Ignore de prodation and income tax Implications in your model grid. Bonus: If the company's tax rate is 30%, determine the tax benefit for year 2. You do not have to revise your work in problem 8 - just indicate the beneft (cash inflow) that you would put into the model for year 2 You manage a niche eco-tour company. Variable cost per tour per person) is 60 dolan. Contribution margin percentage is 40%. Fixed costs are $32,000 dollars for one year. Prepare an annual income statement in the contribution margin format for Ethan's Eco-Tours based on sales of $100,000. Using the information above, identify selling price por tour, variable cost per tour, contribution margin per tour, number of tours in one year to break even, and annual sales dollars required if you want to make $10.000 annually in operating income Refer to question 9 and the selling price per tour you calculated. If we wanted to increase sales by increasing the selling price only (no change in volume) by 25 dolars per tour, what would the new selling price per lour bo? Given the variable cost per tour of 60 dolars as indicated in question, but using the new selling price, what would the variable cost percentage and contribution margin percentage now be