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Dafna1 [17]
3 years ago
11

The Bramble Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents

at $55 a night. Operating costs are as follows: Salaries $6,600 per month Utilities $1,100 per month Depreciation $900 per month Maintenance $420 per month Maid service $11 per room Other costs $22 per room Determine the inn’s break-even point in number of rented rooms per month. Break-even point enter the break-even point in number of rented rooms rooms eTextbook and Media Determine the inn’s break-even point in dollars. Break-even point $enter the Break-even point in dollars
Business
1 answer:
yulyashka [42]3 years ago
8 0

Answer:

410 rooms and $22,550

Explanation:

The computation of the break even point and in dollars is shown below:

Break even point in units is

= Fixed cost ÷ (Selling price - variable cost)

where,

Fixed cost is

= Salaries + Utilities + Depreciation + Maintenance

= $6,600 + $1,100 + $900 + $420

= $9,020

And, the selling price is $55

And the variable cost is

= Maid service + other cost

= $22 + $11

= $33

So, the break even point in points is

= ($9,020) ÷ ($55 - $33)

= 410 rooms

And the break even point in dollars is

= 410 rooms × $55

= $22,550

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Xelga [282]

Answer:

$800

Explanation:

Since $50,800 are available for distribution, the payments will start with the trustee, the lawyers and the suppliers:

  • trustee will receive $15,000
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After the suppliers, lawyers and trustee are paid, only $800 are left and they will be given to Boyd. The creditors with unsecured claims will get $0.

6 0
3 years ago
Suppose that the market equilibrium price for a good is $3.00. A nonbinding price ceiling in this market will result in a price
Nina [5.8K]

Answer:

above $3.00

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service. A price ceiling is non binding if it set above equilibrium price. So price above $3 is non binding. A non binding price ceiling has no effect on the market price.

Price ceiling is binding if it is set below equilibrium price.

Equilibrium price is where the demand and supply curve intersects.

I hope my answer helps you

4 0
3 years ago
Read 2 more answers
ABC Inc. just paid a dividend of $1.00 this year. The stock price is $15.43 currently. The market risk premium is 15% and the ri
mariarad [96]

Answer:

Price lowers and becomes negative or -5.37 dollars

Explanation:

Market risk premium's formula could be written as dividends/price + dividend's growth rate. Therefore, we dividend growth rate according to the current price and dividend level equal to market risk premium - dividends/price or 0.15 - 1/15.43 = 0.086 or 8.6%. If the dividend growth rate rises by 25% than new one is 33.6%. Price is equal to dividends/market risk premium - dividend growth rate or in this case 1/0.15-0.336 or 1/-0.186 or -5.37 dollars. If the price is negative that would mean that any future selling of the stock would mean that ABC would have to pay in order to sell it.

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3 years ago
27. DORIS PURCHASED A NEW AUTOMOBILE ON CREDIT WHEN SHE WAS SIXTEEN YEARS OLD. TWO DAYS AFTER HER NINETEENTH BIRTHDAY SHE SOUGHT
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Answer: Sorry bruh, cant help u with them all.

Explanation:

I dont got the time. But i will answer one. 27. the answer is A I think.

4 0
3 years ago
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Ede4ka [16]

Answer:

<u>more audible</u>

Explanation:

Note that <em>decibels</em> means the level of volume or loudness of sound. Therefore sounds higher than 20 to 40 decibels would be louder for Mr Wilkes.

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