FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 28 Not yet answered Points out of 2.00 Total Sales for the month of December was $877,500, Total Fixed Cost was $175,500. and Total

image text in transcribed

Question 28 Not yet answered Points out of 2.00 Total Sales for the month of December was $877,500, Total Fixed Cost was $175,500. and Total Variable Cost was $245,700. Hotel had 65 percent occupancy and has 360 rooms. What is the Breakeven ADR at 65% Occupancy for the month of December? (Choose the closest answer) Flag question Select one: a. $60 b. $65 c. $115 d. $125

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Preparing Financial Statements AAT Level 3 Study Text And Exam Practice Kit

Financial Accounting Preparing Financial Statements AAT Level 3 Study Text And Exam Practice Kit

Authors: MarZar Ltd

1st Edition

979-8846976672

More Books

Students also viewed these Accounting questions

Question

★★★★★
Airline Temporary Services (ATS) pays employees monthly. Payroll information is listed below for January, the first month of ATS's fiscal year. Assume that none of the employees exceeds the federal...

Answered: 1 week ago

Question

★★★★★
=+e. For the hypotheses and test procedure described, compute the value of b when m 5 153.

Answered: 1 week ago

Question

★★★★★
Camp Manufacturing turns over its inventory eight times each year, has an average payment period of 35 days, and has an average collection period of 60 days. The firms annual sales are $3.5 million....

Answered: 1 week ago

Question

★★★★★
Question 28 Not yet answered Points out of 2.00 Total Sales for the month of December was $877,500, Total Fixed Cost was $175,500. and Total Variable Cost was $245,700. Hotel had 65 percent occupancy...

Answered: 1 week ago

Question

★★★★★
Question 4 5 1 0 pts Which of the following systems are used in an EDI System? Choose all that apply Internet Intra - organizational Systems Data Analytics Inter - Organizational Information Systems

Answered: 1 week ago

Question

★★★★★
A man wants to ensure an inflation-adjusted income for 25 years of $100 per monthfor the first year, increasing 5% each year for the next 24 years, but starting in 15 years' time . All the payments...

Answered: 1 week ago

Question

★★★★★
Your company needs to use an equipment for a project. If you decide to purchase it, you need to pay $60,000 today and the maintenance cost is $10,000 every year for three years (the first payment is...

Answered: 1 week ago

Question

★★★★★
i need a three substantive paragraphs. Is your organization unaffected by the global pandemic, or has your organization had to fundamentally re-examine its mission, vision and strategic goals? At the...

Answered: 1 week ago

Question

★★★★★
Build a stakeholder register for this You work for the local school district. A new mandate has been handed down that requires every school to record all verified student immunization records into...

Answered: 1 week ago

Question

★★★★★
The Scenario FordDirect (http://www.forddirect.com Links to an external site.) sells digital products to 4000+ Ford and Lincoln dealerships to help market and sell Ford and Lincoln vehicles A dealer...

Answered: 1 week ago

Question

★★★★★
(Appendices) Many employers have both group short-term and long-term disability-income plans. Compare (1) short-term plans with (2) long-term plans with respect to each of the following: LO8 a....

Answered: 1 week ago

Question

★★★★★
(Appendices) Brandon, age 32, is married and has a son, age one. Six months ago, Brandon purchased an individual health insurance policy covering the entire family. His son was recently diagnosed...

Answered: 1 week ago

Question

★★★★★
(Appendices) Ken, age 52, works only part-time and has no health insurance. The cartilage in both his knees is severely eroded from osteoarthritis, which causes severe pain during his daily...

Answered: 1 week ago

Previous Question Next Question