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PLEASE SHOW YOUR WORK>THANK YOU Happy Valley Motel, a 30-room budget motel, has the following cost and price structure: Annual fixed costs equal to $250,500.

PLEASE SHOW YOUR WORK>THANK YOU

Happy Valley Motel, a 30-room budget motel, has the following cost and price structure:

Annual fixed costs equal to $250,500.

Average selling price per room is $60 (ADR)

Variable cost per room sold equals $15.

Part 1: If your target annual income (BEFORE TAX) is $50,000, how many rooms does Happy Valley Hotel have to sell per year to meet the goal? What will be the annual revenue for you to achieve this goal?

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