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You are opening a hotel. Here are the facts: Sales Price - Executive suites - $1,000 per night Sales Price - Junior suites - $500

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You are opening a hotel. Here are the facts: Sales Price - Executive suites - $1,000 per night Sales Price - Junior suites - $500 per night Sales Price - Premium Rooms - $300 per night Sales Price - Standard R $200 per night Variable cost - Executive Suites - $200 per night Variable cost - Junior Suites - $100 per night Variable cost - Premium Rooms - $50 per night Variable cost - Standard Rooms - $50 per night Rent - \$1,500,000 Salaries - $1,000,000 Verizon Eios,cost - $370,000 Hotel Room mix: Executive Suites 10\%, Junior Suites - 20%, Premium Rooms - 30%, Standard Rooms - 40\% Answer the following: 1. Total Fixed Costs: 2. Contribution Margin for Executive Suites: 3. Contribution Margin for Premium Rooms: 4. Weighted Average Contribution Margin: 5. How many Executive Rooms needs to be sold to breakeven: 6. How many Standard Rooms needs to be sold to breakeven: 7. How many Rooms need to be sold make $500,000

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