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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

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Explanation:

The journal entry to close the books is

Cost of Goods sold A/c Dr $1,200

       To Manufacturing Overhead A/c $1,200

(Being the under-applied overhead is recorded)

Since the jobs were undercosted, that means the overhead is applied under overhead so we debited the cost of goods sold account and credited the manufacturing overhead account. Both the items are recorded for $1,200

5 0
3 years ago
Discuss and analyze a situation where you worked on a team/project team consisting of diverse or intercultural team members. Con
pav-90 [236]

Explanation:

a. It is common that there are challenges in multicultural companies, communication can be a problem in companies where there are language barriers for example, which can cause significant communication noises that can cause misunderstanding and difficulty integrating a member of a culture different when joining a work team.

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c.  To make communication more effective, it is necessary to prepare the organization, that is, the development of policies, organizational culture and programs aimed at inclusion and respect for the different cultural values ​​present in the organization.

It is essential that the company prepare its managers and employees to receive workers from other countries, developing a favorable environment for the exchange of positive experiences, aimed at integration, collaboration and ethical behaviors.

4 0
3 years ago
The numerator of the return on common stockholders' equity is_____________. a.income before income tax b.operating income minus
elena-s [515]

The numerator of the return on common stockholders' equity is net income minus preferred dividends.

Option d

<u>Explanation:</u>

Return on common stockholders' equity which is also named as return on equity (ROE) ratio evaluates the accomplishment of a company in resulting income for the benefit of common stakeholders.

<em>Use of return on equity:</em>

  • Isolates common equity returns
  • Can be used to evaluate dividends
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It is calculated by income available for stockholders divided by the total number of common stock and is expressed or represented in percentage. Income available for common stockholders can be arrived by reducing preference dividends from Net income.

That is, \text { Net income }-\text { Preference dividends }=\text { Equity available for common stockholder }

Hence, net income minus preferred dividends is the right answer.

3 0
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93) Jack Corporation purchased a 20% interest in Jill Corporation for $1,500,000 on January 1, 2021. Jack can significantly infl
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Answer:

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Jack Corporation

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Jack's share of net loss recognized in full:

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