Please answer questions #1-4 with the information provided above

Part 8 Caesars Palace Las Vegas will use budgets to make its financial plans. Let's assume that Caesars prepares budgets for each of its hotel towers, including the new Julius Tower. Here is a list of budgeting assumptions86 for the Julius Tower for 2020: Data table for Julius Tower budget assumptions Number of hotel rooms in the Julius Tower Average occupancy rate for Caesars Entertainment Corporation Average hotel room rate per night Total budgeted fixed costs for the Julius Tower Variable cost per Julius Tower room night $ 587 91.2% $ 149 $2,390,000 27 Requirements 1. How many Julius Tower hotel room nights should be budgeted to be booked in 2020? (Remember that 2020 is a leap year and, therefore, has an extra calendar day or 366 days.) 2. What would be the budgeted net revenue from the Julius Tower hotel rooms in 2020? 3. What would be the budgeted variable costs for the Julius Tower hotel in 2020? 4. Prepare a budget for 2020 for the Julius Tower using the assumptions provided above and the numbers you have calculated. Does it appear that the Julius Tower will be generating a healthy amount of income for Caesars Palace Las Vegas? Explain.

Part 8 Cacsars Palace* Las Vegas will use budgets to make its financial plans. Let's assume that Caesars prepares budgets for each of its hotel towers, including the new Julius Tower. Here is a list of budgeting assumptions 86 for the Julius Tower for 2020 : Requirements 1. How many Julius Tower hotel room nights should be budgeted to be booked in 2020 ? (Remember that 2020 is a leap year and, therefore, has an extra calendar day or 366 days.) 2. What would be the budgeted net revenue from the Julius Tower hotel rooms in 2020 ? 3. What would be the budgeted variable costs for the Julius Tower hotel in 2020 ? 4. Prepare a budget for 2020 for the Julius Tower using the assumptions provided above and the numbers you have calculated. Does it appear that the Julius Tower will be generating a healthy amount of income for Caesars Palace 8 Las Vegas? Explain