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The manager of Thyme Hotel determined the following costs for 2020. Room Operating Costs $2,471,000 Depreciation Expense $937,000 Property Taxes Expense $318,000 Management Salaries $401,000

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The manager of Thyme Hotel determined the following costs for 2020. Room Operating Costs $2,471,000 Depreciation Expense $937,000 Property Taxes Expense $318,000 Management Salaries $401,000 Other Operating Costs $2,136,000 Total Operating Costs $6,263,000 Thyme Hotel has 190 rooms with an average occupancy rate of 90%. It operates 365 days per year. Do not enter dollar signs or commas in the input boxes. a) Determine the number of rooms to be sold during the year. Round your answer to the nearest whole number. Rooms to be Sold: 62415 b) Based on the above information, what is the breakeven room rate for Thyme Hotel? Round your answer to 2 decimal places. Breakeven Room Rate: 100.34 c) What is the minimum daily revenue? Round your answer to 2 decimal places

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