The Lucas Inn has room and food operations. The rooms operation provides 65 percent of the total revenue and has variable costs of 25 percent. The food operation provides 35 percent of the total revenue and has variable costs of 60 percent. The total annual fixed costs are $300,000.

Required:

1. What is the CMR for the rooms operation?
2. What is the CMR for the food operation?
3. What is the weighted average CMR for the Lucas Inn?
4. What is the breakeven point?
5. If the average tax rate is 20 percent, what is the annual revenue required to achieve annual net income of $100,000?