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with steps please Q1- The ABC Inn is trying to determine its break-even point. The inn has 70 rooms that are rented at $60 a
with steps please
Q1- The ABC Inn is trying to determine its break-even point. The inn has 70 rooms that are rented at $60 a night. Operating costs are as follows. Salaries Maintenance $8,000 per month $900 per Utilities Depreciation 2,000 per month 1,000 per month Maid service Other costs month 7 per room 35 per room Instructions: (a)(1) Determine the inn's break-even point in number of rented rooms per month. (b)(1) If the inn plans on renting an average of 50 rooms per day (assuming a 30 -day month), what is the monthly margin of safety in dollars? Instructions: (a)(1) Determine the inn's break-even point in number of rented rooms per month. (a)(2) Determine the inn's break-even point in dollars
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