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The weekly price at an extended-staty (renting by the week for business travelers) is $900. Operating costs average $25,000 per month, regardless of the number
The weekly price at an extended-staty (renting by the week for business travelers) is $900. Operating costs average $25,000 per month, regardless of the number of rooms rented. Construct a spreadsheet model to determine the profit if 40 rooms are rented. The manager has oberved that the number of rooms rented during a given week varies between 32 and 50 (the total number of rooms availabloe).
A. Use data tables to evaluate the profit for this range of unit rentals.
Show all work, please. So I can see how you got answer.
Demographic Data | ||||
Unemployment | Cost of Living | Population | ||
Metropolitan Area | State | (July 1999) | 1999 - US Avg = 100 | (July 1999) |
ANCHORAGE | AK | 3.60% | 125.90 | 257,808 |
BIRMINGHAM | AL | 2.70% | 99.10 | 915,077 |
HUNTSVILLE | AL | 2.70% | 95.20 | 343,418 |
MOBILE | AL | 3.60% | 91.80 | 535,472 |
MONTGOMERY | AL | 2.90% | 92.40 | 322,441 |
LITTLE ROCK | AR | 3.20% | 87.20 | 559,074 |
PHOENIX | AZ | 2.60% | 99.90 | 3,013,696 |
TUCSON | AZ | 2.30% | 99.70 | 803,618 |
BAKERSFIELD | CA | 12.50% | 106.10 | 642,495 |
FRESNO | CA | 13.80% | 105.80 | 879,829 |
LOS ANGELES | CA | 6.30% | 122.00 | 25,366,576 |
SACRAMENTO | CA | 4.10% | 114.00 | 3,328,431 |
SAN DIEGO | CA | 3.20% | 122.80 | 2,820,844 |
SAN FRANCISCO | CA | 2.50% | 144.70 | 8,559,292 |
COLORADO SPRINGS | CO | 3.70% | 96.80 | 499,994 |
DENVER | CO | 2.60% | 105.30 | 4,417,908 |
PUEBLO | CO | 5.80% | 92.50 | 136,987 |
HARTFORD | CT | 3.40% | 121.80 | 1,147,504 |
WASHINGTON | DC | 2.90% | 132.00 | 4,739,999 |
WILMINGTON | DE | 3.20% | 108.10 | 571,420 |
FORT MYERS | FL | 4.40% | 97.20 | 400,542 |
JACKSONVILLE | FL | 2.90% | 95.40 | 1,056,332 |
MIAMI | FL | 6.70% | 104.50 | 2,175,634 |
ORLANDO | FL | 2.90% | 97.00 | 1,535,004 |
PENSACOLA | FL | 3.70% | 93.60 | 403,384 |
TALLAHASSEE | FL | 3.10% | 100.10 | 200,003 |
TAMPA | FL | 2.90% | 97.80 | 2,278,169 |
WEST PALM BEACH | FL | 5.60% | 104.70 | 1,049,420 |
ATLANTA | GA | 3.00% | 97.40 | 3,857,097 |
COLUMBUS | GA | 4.40% | 93.90 | 271,417 |
MACON | GA | 4.70% | 95.10 | 321,586 |
DES MOINES | A | 1.80% | 94.70 | 443,496 |
DUBUQUE | A | 2.60% | 107.50 | 88,112 |
BOISE | ID | 3.30% | 102.70 | 407,844 |
POCATELLO | ID | 4.50% | 99.80 | 74,881 |
CHICAGO | IL | 4.00% | 121.60 | 8,008,507 |
ROCKFORD | IL | 4.10% | 103.60 | 358,640 |
SPRINGFIELD | IL | 3.60% | 95.10 | 358,640 |
FORT WAYNE | IN | 2.40% | 93.30 | 484,320 |
INDIANAPOLIS | IN | 2.30% | 94.90 | 2 |
SOUTH SEND | IN | 2.40% | 90.90 | 258,537 |
TOPEKA | KS | 4.30% | 95.10 | 170,773 |
WICHITA | KS | 3.30% | 94.80 | 548,714 |
LEXINGTON | KY | 1.90% | 95.90 | 455,617 |
LOUISVILLE | KY | 2.70% | 92.80 | 1,005,849 |
BATON ROUGE | LA | 3.70% | 98.50 | 578,946 |
NEW ORLEANS | LA | 4.00% | 94.50 | 1,305,479 |
SHREVEPORT | LA | 4.80% | 94.90 | 377,673 |
BOSTON | MA | 2.20% | 136.80 | 3,297,201 |
BALTIMORE | MD | 4.70% | 102.30 | 2,491,254 |
DETROIT | MI | 2.80% | 113.00 | 4,474,614 |
GRAND RAPIDS | MI | 2.50% | 102.10 | 1,052,092 |
LANSING | MI | 2.10% | 102.90 | 450,789 |
MINNEAPOLIS-ST.PAUL | MN | 1.50% | 99.70 | 2,872,109 |
ROCHESTER | MN | 1.20% | 97.50 | 119,077 |
COLUMBIA | MO | 1.40% | 93.10 | 130,179 |
KANSAS CITY | MO | 3.20% | 96.10 | 1,756,899 |
SPRINGFIELD | MO | 2.50% | 94.50 | 308,332 |
ST. LOUIS | MO | 3.50% | 97.40 | 2,569,029 |
JACKSON | MS | 2.80% | 94.30 | 432,647 |
BILLINGS | MT | 3.80% | 102.70 | 127,258 |
GREAT FALLS | MT | 5.70% | 102.50 | 782,132 |
MISSOULA | MT | 5.20% | 101.80 | 89,344 |
ASHEVILLE | NC | 3.30% | 100.00 | 215,180 |
CHARLOTTE | NC | 5.00% | 96.80 | 1,417,217 |
GREENSBORO-WNSTN-S | NC | 2.80% | 97.50 | 1,179,384 |
RALEIGH | NC | 1.90% | 97.30 | 1,106 |
WILMINGTON | NC | 4.20% | 97.80 | 222,109 |
BISMARCK | ND | 1.80% | 99.90 | 91,939 |
FARGO | ND | 1.10% | 100.80 | 170,122 |
LINCOLN | NE | 1.40% | 88.80 | 237,057 |
OMAHA | NE | 1.90% | 92.30 | 698,875 |
CONCORD | NH | 2.30% | 108.80 | 239,069 |
ATLANTIC CITY | NJ | 12.70% | 132.60 | 337,635 |
ALBUQUERQUE | NM | 4.60% | 102.80 | 678,820 |
LAS VEGAS | NV | 3.30% | 105.60 | 1,381,086 |
RENO | NV | 2.80% | 111.80 | 319,816 |
ALBANY | NY | 3.10% | 109.70 | 869,474 |
BUFFALO | NY | 4.50% | 97.30 | 1,142,121 |
NEW YORK | NY | 7.60% | 226.50 | 20,196,649 |
ROCHESTER | NY | 3.50% | 110.40 | 1,079,073 |
SYRACUSE | NY | 3.40% | 102.90 | 732,920 |
AKRON | om | 3.70% | 96.30 | 689,435 |
CINCINNATI | OH | 3.20% | 101.10 | 1,960,995 |
CLEVELAND | OH | 4.20% | 106.00 | 2,221,181 |
COLUMBUS | OH | 2.50% | 101.40 | 1,489,487 |
TOLEDO | OH | 4.60% | 96.90 | 608,976 |
OKLAHOMA CITY | OK | 3.00% | 90.20 | 1,046,283 |
TULSA | OK | 3.00% | 89.40 | 786,117 |
EUGENE | OR | 5.10% | 108.90 | 314,901 |
PORTLAND | OR | 4.30% | 107.30 | 1,845,840 |
SALEM | OR | 5.50% | 103.30 | 335,156 |
ALLENTOWN | PA | 4.40% | 104.40 | 618,350 |
ERIE | PA | 4.70% | 101.60 | 276,993 |
HARRISBURG | PA | 2.70% | 104.90 | 618,375 |
PHILADELPHIA | PA | 4.00% | 127.40 | 4,949,567 |
PITTSBURGH | PA | 4.31% | 113.30 | 2,331,336 |
WILLIAMSPORT | PA | 5.10% | 97.50 | 116,709 |
CHARLESTON | SC | 2.50% | 95.20 | 552,803 |
COLUMBIA | SC | 1.80% | 94.20 | 516,251 |
GREENVILLE | SC | 2.50% | 95.20 | 929,565 |
RAPID CITY | SO | 2.40% | 100.20 | 88,117 |
SIOUXFALLS | SO | 1.40% | 96.60 | 164,481 |
KNOXVILLE | TN | 3.40% | 93.80 | 672,087 |
MEMPHIS | TN | 3.20% | 95.30 | 1,105,050 |
NASHVILLE | TN | 2.50% | 91.70 | 1,171,755 |
ABILENE | TX | 3.40% | 91.80 | 122,478 |
AMARILLO | TX | 3.10% | 90.00 | 208,691 |
AUSTIN | TX | 2.40% | 100.90 | 1,146,050 |
CORPUS CHRISTI | TX | 6.40% | 93.60 | 387,105 |
DALLAS-FORT WORTH | TX | 2.90% | 101.80 | 3,280,310 |
ELPASO | TX | 9.80% | 95.00 | 701,908 |
HOUSTON | TX | 3.80% | 96.80 | 4,010,969 |
SAN ANTONIO | TX | 3.20% | 99.60 | 1,564,949 |
WACO | TX | 3.30% | 92.10 | 204,244 |
SALT LAKE CITY | UT | 2.70% | 100.90 | 1,275,076 |
NORFOLK | VA | 3.30% | 100.50 | 1,562,635 |
RICHMOND | VA | 2.80% | 102.00 | 961,416 |
ROANOKE | VA | 2.10% | 93.00 | 277,741 |
BURLINGTON | VT | 1.90% | 109.60 | 165,917 |
OLYMPIA | WA | 4.80% | 103.40 | 205,459 |
SEATTLE | WA | 3.10% | 119.70 | 2,334,934 |
SPOKANE | WA | 5.30% | 106.70 | 409,736 |
YAKIMA | WA | 11.70% | 102.60 | 220,785 |
GREEN BAY | Wl | 2.40% | 97.00 | 216,522 |
LA CROSSE | WI | 2.50% | 98.50 | 121,927 |
MILWAUKEE | Wl | 3.30% | 107.50 | 1,462,422 |
CHARLESTON | WV | 4.40% | 96.60 | 251,199 |
HUNTINGTON | WV | 5.80% | 100.80 | 312,447 |
CASPER | WY | 5.00% | 101.40 | 63,157 |
CHEYENNE | WY | 3.30% | 95.00 | 78,877 |
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