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The monthly fixed costs of operating a 30-unit motel are $28,000. The price per unit per night for next year is set at $70. Costs
The monthly fixed costs of operating a 30-unit motel are $28,000. The price per unit per night for next year is set at $70. Costs arising from rentals on a per-unit per-day basis are $12 for maid service, $6 for supplies and laundry, and $6 for heat and utilities. a. Based on a 30-day month, at what average occupancy rate will the motel break even? (Round your intermediate calculations and final answer to 1 decimal place.)
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