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The Cullumber Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $56 a night. Operating costs are
The Cullumber Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $56 a night. Operating costs are as follows. (a) Your answer is correct. Determine the inn's break-even point in (1) number of rented rooms per month and (2) sales dollars. 1. Break-even point in rooms 2. Break-even point in dollars $ per month eTextbook and Media Attempts: unlimited (b) If the inn plans on renting an average of 50 rooms per day (assuming a 30-day month), what is (1) the monthly margin of safety in dollars and (2) the margin of safety ratio? (Round ratio to 0 decimal places, e.g. 10\%.)
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