1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

 

You might be interested in
In an investment center, the manager has the responsibility for and the authority to make decisions that affect a. both costs an
yaroslaw [1]

Answer:

The answer is B.) Cost, revenue, and assets invested in the center

Explanation:

An investment center is a responsibility center in which the department manager is responsible for costs, revenues and assets for the department.

An investment center is also a business unit in a firm that can utilize capital to contribute directly to a company's profitability.

Examples of departments that make up the cost center are the human resource and marketing departments, units that falls under a profit center include the manufacturing and sales department.

6 0
3 years ago
What is business intelligence? 1) Raw facts that describe the characteristics of an event or object. 2) Data converted into a me
Arisa [49]

Answer:

3)

Explanation:

BI is about getting data from different sources and turn it into meaningful business  insights for decision makers.

4 0
3 years ago
Professional skepticism can best be defined as having:
LiRa [457]

Answer:

A. An inquiring mind and suspension of belief is the correct answer.

Explanation:

  • Professional skepticism is an inquiring mind that includes critical evaluation, questioning, and staying alert to situations that may indicate possible error because of fraud and mismanagement and also an important evaluation of audit data.
  • The elements of professional skepticism are questioning mind, autonomy, suspension of knowledge,interpersonal judgment, search for information, and self-esteem.
  • Professional skepticism performs an important role in the audit and we need professional skepticism to maintain an audit of the expectation.

5 0
3 years ago
An automobile insurance policy typically includes: a. collision, comprehensive, liability, and personal injury protection b. col
ladessa [460]

Answer:

b. collision, comprehensive, liability, personal injury protection

Explanation:

automobile insurance policy can be regarded as a contact that exist between someone and the insurance company, which provide protection from financial loss Incas there is arises of theft, accident on ones car. It should be noted that An automobile insurance policy typically includes collision, comprehensive, liability, personal injury protection

4 0
3 years ago
Benefits of corporate wikis include enhancing the reputation of expert contributors, making work flow more easily, and ________.
Mama L [17]

Answer: Improving an organization processes

Explanation:

 According to the given question, the benefits of the corporate wikis is that improving an organization process, enhancing the expert contributors and also makes the work flow more easy.

By improving an organization process we analyze all the processes in the business and also optimize the quality.

 The organization processes is basically used in an organization for the planning purpose and we can also accomplished the goals for the decision making framework.

 Therefore, Improving an organization processes is the correct answer.

 

8 0
3 years ago
Other questions:
  • Mary's cleaning business has several customers but is not dominant in its field. this is an example of a(n) ____ business.
    5·1 answer
  • A company is in its first month of operations. Supplies worth $4,000 were purchased on January 5. At the end of the month suppli
    5·1 answer
  • What is a digital footprint?
    6·2 answers
  • On May 27, Buzz Off Inc. reacquired 5,500 shares of its common stock at $23 per share. On August 3, Buzz Off sold 3,200 of the r
    6·1 answer
  • One element of ethical research consists of being open minded while researching and ensuring that data is leading your thoughts
    12·1 answer
  • The corridor is the ________________ section of the ______________________ curve of reserves in the federal funds market.
    7·2 answers
  • Which of the following activities is not correctly associated with its cash flow classification? A) Operating – Sale of merchand
    14·1 answer
  • William is a single writer (age 35) who recently decided that he needs to save more for retirement. His 2020 AGI before the IRA
    6·1 answer
  • The capital investment evaluation method that subtracts the initial investment from the discounted future net cash flows from th
    11·1 answer
  • What does repurchase mean on shein.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!