Question
The condensed income statement of the Vegas Inn is as follows: Revenue VC FC NI Room $ 500,000 $ 200,000 $ 150,000 $ 150,000 Food
The condensed income statement of the Vegas Inn is as follows:
Revenue | VC | FC | NI | |
Room | $ 500,000 | $ 200,000 | $ 150,000 | $ 150,000 |
Food | $ 300,000 | $ 100,000 | $ 50,000 | $ 150,000 |
Total | $ 800,000 | $ 300,000 | $ 200,000 | $ 300,000 |
Other Variable expenses* | $ 50,000 | |||
Other Fixed Costs** | $ 100,000 | |||
Pretax income | $ 150,000 | |||
Income taxes | $ 30,000 | |||
Net income | $ 120,000 | |||
* Rent (10%of room sales) | ||||
** Includes depreciation and amortization of $10,000 |
Please use the table above to solve the question 41 to 45.
41.
What is the CMR for Room and Food department?
Group of answer choices
a. Room: 30.00%; Food: 50.00%
b. Room: 40.00%; Food: 33.33%
c. Room: 60.00%; Food: 66.67%
d. Room: 30.00%; Food: 16.67%
42.
What is the weighted CMR for Vegas Inn?
Group of answer choices
a. 56.25%
b. 62.50%
c. 37.50%
d. 31.25%
43.
What is the revenue at breakeven point for Vegas Inn?
Group of answer choices
a. $480,000.00
b. $355,555.56
c. $320,000.00
d. $533,333.33
44.
What is the revenue when Vegas Inn wants to make a net income of $200,000?
Group of answer choices
a. $720,000.00
b. $977,777.78
c. $800,000.00
d. $880,000.00
45.
What is the revenue when Vegas Inn wants to make a net income of $200,000?
Group of answer choices
a. $720,000.00
b. $977,777.78
c. $800,000.00
d. $880,000.00
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