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On 3/1/2002 Cash deposits in time deposit accounts were SR 3,000,000. On 5/15/2002 Half of the time deposit accounts were due and withdrawn in cash.

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On 3/1/2002 Cash deposits in time deposit accounts were SR 3,000,000. On 5/15/2002 Half of the time deposit accounts were due and withdrawn in cash. Daarived. E22-6 The Palmer Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents at $60 a night. Operating costs are as follows. Salaries Utilities Depreciation Maintenance Maid service Other costs $5,900 per month $1,100 per month $1,000 per month $100 per month $14 per room $28 per room Instructions Determine the inn's break-even point in (a) number of rented rooms per month and (b) dollars

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