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klemol [59]
3 years ago
6

Jason rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20. His fixed costs are $

100,000 and his target profit is $20,000. For Jason, to earn his target profit, he will need to rent out ________ rooms.
A) 100
B) 20,000
C) 1,000
D) 1,500
E) It cannot be determined from the information provided.
Business
1 answer:
melisa1 [442]3 years ago
8 0

Answer:

D) 1,500

Explanation:

rent per room =$100 dollars

variable cost= $ 20 dollars

fixed cost =$ 100,000.00

desired profits=$ 20,000.00

volume(V) to meet profit target;

Contribution margin per sale= $100-$20= $80

Profits = revenue-cost

=$20,000= Vx$80-$100,000

=20,000=v80-100000

   v80=100,000.00+20,000

    v80=120,000

         v=  120,000/80

Volume =1,500

 

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Here are Six essential steps for developing consistent brand messages.

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4 0
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Please determine which economic feature is described by the statements below. A __________ occurs as the result of a significant
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4 0
3 years ago
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The Cheese Factory incurred the following costs related to acquiring a new piece of equipment: Cost of the equipment $ 50,000 Sa
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Answer:

The multiple choices missing from the question are:

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The recorded cost is computed thus:

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sales tax              $4,000

shipping               $3,000

installation            $2,000

total  cost            $59,000

The rationale for including shipping and installation costs is that asset cost should include cost of bringing the asset to current location(shipping) and condition(installation)

4 0
3 years ago
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