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Your friend, Big Al, provides you with the following information about his property. Altantica Hotel Number of rooms 200 Days open per year 365 Average
Your friend, Big Al, provides you with the following information about his property. Altantica Hotel Number of rooms 200 Days open per year 365 Average number of rooms available per day 90% Average daily rate $100.00 Variable costs as % of sales 30% Annual fixed costs $800,000 Desired after-tax profit $604,800 6048 Tax rate 35% Proposed new assistant manager cost $35,000.00 a. Big Al askes you to calculate the following (Spreadsheet hint: Do not calculate SP Percentage. You must type in 100 for SP Percentage in order for the grid to calculate properly.) SP VC CM Total fixed costs Desired after-tax profit Tax rate Before-tax profit Rooms available for sale per year Per Unit (Room) Percentage
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