Snipping Tool + New 12C Partly sunny MOTEL RENTALS Motel 6 pioneered the economy-lodging brand in 1962. It now has 91,000 rooms in 1,000 locations (average is 91 rooms) in the United States and Canada. Suppose a particular Motel 6 has annual fixed costs of $2.4 million for its 100- room motel, average daily room rents of $100, and average variable costs of $20 for each room rented. It operates 365 days per year. 1. How much net income on rooms will Motel 6 generate if the motel is completely full throughout the entire year? 2. How much net income on rooms will Motel 6 generate if the motel is half ful? 3. Compute the break-even point in number of rooms rented? 4. Compute the break-even point in Revenue ($)? 6. What percentage occupancy for the year is needed to break even? - ENG 20:11 US 2022/04/05