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The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $60 a night. Operating costs are
The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $60 a night. Operating costs are as follows. Salaries $14,100 per month Utilities 2,900 per month Depreciation 1,200 per month Maintenance 700 per month Maid service 8 per room, Other costs 34 per room (a) Your answer is correct, Determine the inn's break-even point in (1) number of rented rooms per month and (2) dollars. 1. Break-even point in rooms 2 Break-even point 1050 $ 63000 per month Determine the inn's break-even point in (1) number of rented rooms per month and (2) dollars. 1. Break-even point in rooms 2. Break-even point (b) eTextbook and Media 1050 63000 per month Attempts: 1 of 2 used 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 O decimal places, e.g. 10%.) 1. Margin of safety 2. Margin of safety ratio eTextbook and Media Save for Later % Attempts: 0 of 2 used Submit
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