Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The monthly fixed costs of a mini motel are $32000. The price per night for the coming year is set at $115. The costs that

The monthly fixed costs of a mini motel are $32000. The price per night for the coming year is set at $115. The costs that arise from rentals per day as the base-unit are $15 for maid service, $7 for supplies and laundry, and $5 for heat and utlities. Calculate the aveage occupancy rate the motel will break-even for a 30-day month common bookkeeping business days record

Step by Step Solution

3.33 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the breakeven occupancy rate for the mini motel Daily variable costs per room Maid serv... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Mathematics In Canada

Authors: Ernest Jerome

7th edition

978-0071091411, 71091416, 978-0070009899

More Books

Students also viewed these Accounting questions

Question

=+1. What is motivation?

Answered: 1 week ago