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
marishachu [46]
3 years ago
7

You run a hotel with 200 rooms. Fixed daily cost is $1500 which includes staff salary and property charges, maintenance cost is

additional $300 daily. Variable cost per room is $15 which includes cleaning, utility cost etc. You charge $100 per room per day. You sold 50 rooms today, how much revenue did you earn.
Business
2 answers:
erica [24]3 years ago
6 0

Answer:

The revenue is $2,450

Explanation:

The computation of the revenue is shown below:

= Sales - variable cost - additional costs - fixed cost

where,

Sales = Selling units × price per unit

         = 50 rooms × $100

         = $5,000

Variable cost = variable cost × price per unit

                      = 50 rooms × $15

                      = $750

The other cost value would remain the same

Now put these values to the above formula  

So, the value would equal to

= $5,000 - $750 - $300 - $1,500

= $2,450

Ghella [55]3 years ago
5 0

Answer:

The revenue we earned for 1 day by renting the rooms equals $2450.

Explanation:

Since we rent  50 rooms at the rate of $100 per room thus the overall revenue that we earn equals

R=50\times 100=$5000

Now the expenditures include:

1) Fixed daily cost = $1500

2) Maintenance cost = $300

3) Variable cost = $15 thus cost for 50 rooms equals = 15x50= $750

Thus the total expenditure on the hotel is the sum of all the above charges

thus E=1500+300+750=2250

Thus the net revenue is the difference in total revenue and the total expenditure

Thus Net Revenue =$5000-$2550=$2450

You might be interested in
The sum of all the federal deficits over time is known as the
Shkiper50 [21]
<span>The sum of all the federal deficits over time is known as the "national debt".
</span>
National debt refers to the total of all exceptional debt owed by the government. It incorporates the cash the legislature has obtained, as well as the interest it must pay on the acquired cash. The administration strays into the debt when it doesn't gather enough income to cover the costs it brings about from spending on projects, for example, the military, or building streets and extensions. The incomes originate from corporate and salary charges, and the expenses the legislature forces, for example, for visas and travel permits, student loans, and admission to national parks.
7 0
3 years ago
Wember Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The
natulia [17]

Answer:

Standard cost Supplies= $3,480

Explanation:

Giving the following information:

The cost formula for catering supplies is $400 per month plus $82 per job plus $10 per meal.

The company expected its activity in September to be 20 jobs and 144 meals.

<u>To calculate the total budgeted cost, we need to multiply the standard cost for the planned production:</u>

Standard cost Supplies= 400 + (82*20) + (10*144)

Standard cost Supplies= $3,480

4 0
3 years ago
An ideal prospect for a universal life insurance policy is someone who foresees a possible future need to adjust the amount of t
pshichka [43]

Answer:

The correct answer is 4

Explanation:

Universal life insurance is the insurance which is an element of the investment savings and the low premiums such as the term life insurance. These policies have a option of the flexible premium and however, some of the policies require fixed premiums or the single premium.

So, the ideal prospect of the policy states that the premium payments are deposited into the General account of the life insurance company not in the separate account. These policy control the investment not the policyholders.  

4 0
3 years ago
A product-focused process is commonly used to produce "A. high-volume, high-variety products" "B.low-volume, high-variety produc
polet [3.4K]

Answer: Option C  

                                                                       

Explanation: In simple words, product focused process refers to the processes that focuses on producing the batch of similar products. These processes are usually used to manufacture products like paper rolls and light bulbs.

Under this process large units are produced of a similar product. Such processes require high fixed cost and low variable cost.

From the above we can conclude that the correct option is C.

6 0
3 years ago
If ideal weather conditions result in a bumper crop of Florida oranges, then the a. supply of oranges will increase and the pric
8090 [49]

Answer:

a. supply of oranges will increase and the price of oranges will fall.

Explanation:

The crop will have impact on the producer of oranges, their field  will have a better yields so, more orange supply. The supplier fixed cost will be distribute among more orange thus, her average cost will be lower.

If the cost is lower, then the price will decrease as well. This will generate an equilibrium cost at more quantity with a lower price.

4 0
3 years ago
Other questions:
  • True or False. Each organization or subcontractor responsible for a group or type of activities should always designate an inexp
    7·1 answer
  • Complete the statement with correct word in a recent survey. It was observed that many Asian youths have stated watching America
    15·2 answers
  • During the month of February, Rubio Services had cash receipts of $7,900 and cash disbursements of $9,400. The February 28 cash
    15·1 answer
  • Suppose you want to have $400,000 for g retirement in 25 years. Your account earns 8% interest. How much would you need to depos
    7·1 answer
  • If money going out of the business is greater than the money coming into the business, what happens?
    10·1 answer
  • The Owen’s Company budgeted sales of 45,000 printers at $95 per unit last year. Variable manufacturing costs were budgeted at $4
    12·1 answer
  • Question 6 of 10
    14·2 answers
  • You are comparing two companies in the same industry. You have determined that Gore Corp. depreciates its plant assets over a 40
    9·1 answer
  • in construction of a new housing development, which factor of production can be catergorized by land?
    10·2 answers
  • ________ appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate th
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!