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
Taya2010 [7]
3 years ago
15

Jacob rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service

and utilities. His fixed costs are $100,000 and his profit last year was $20,000. For Jacob, the contribution per unit is
A) $100.
B) $800.
C) It cannot be determined from the information provided.
D) $1,000.
E) $80
Business
2 answers:
Rom4ik [11]3 years ago
7 0

Answer:

E) $80

Explanation:

Jacobs data:

Average  selling price: $100

variable costs per room: $ 20

Fixed costs: $100,000.00

profit last year: $ 20,000.

Contribution margin:  Selling price - variable costs

    = $100- $ 20

    = $80.00

zepelin [54]3 years ago
6 0

Answer:

In the following situation:

Jacob rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service and utilities. His fixed costs are $100,000 and his profit last year was $20,000.

The Jacob's contribution per unit is:

e) 80

Explanation:

To understand this answer we need to explain a few things. First of all, te contribution unit concept is used to express, identify, or define the net profit after one unit has been sold and all the expenses have been subtracted from it. The formula to obtain it is: (Total revenues- Total Variable costs) divided by total units. Following this information we have.

Total revenue is: 100 USD per night

Total variable costs are: 20 USD per night

Total units are only one.

Therefore 80 USD is our contribution per unit.

You might be interested in
Pool Perfection provided pool maintenance services worth $1,600 during July; in June, the customers had paid in advance for thes
arlik [135]

Answer:

$1,600

Explanation:

It is important to note that the company uses accrual basis accounting. The Service Revenue account should be credited for $1,600

7 0
3 years ago
Which of the following solutions have been proposed to solve the too-big-to-fail problem?
Tresset [83]

Answer:

D) All of the above have been proposed

Explanation:

The problem with the too big to fail financial policy is that financial institutions that are considered too big started to assume greater investment risks since they were treated differently than other not too big banks.

For example, if the FDIC decides that a too big to fail bank is about to fail, they will use the purchase and assumption method to ensure that the bank's depositors don't suffer losses, but the government assumes the losses and the government is paid by all of us.

The Dodd-Frank Act makes it harder for the Federal Reserve to bail out financial institutions, but that is simply not enough. Big banks have played enough with the taxpayers' money and should be held responsible for their actions. They at like spoiled children that go around breaking things because their parents will pay for them.

4 0
3 years ago
Arocare International, a general hospital, converts its cancer unit into a new hospital called Miracle. Arocare then issues stoc
Angelina_Jolie [31]

Answer:

D. a carve-out

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question this scenario exemplifies a carve-out. This term refers to when a company diversifies a business unit in order for the parent company to sell a minority interest of that specific child company to outside investors in order to raise funds. Which like mentioned in the question is exactly what Arocare International is doing with it's child company - Miracle hospital unit.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
What percentage of people in africa rely on solid fuel for cooking? 50% 60% 70% 80%?
Keith_Richards [23]
The <span>percentage of people in Africa that rely on solid fuel for cooking is 80%</span>
3 0
3 years ago
The idea that investors today compare the returns on bonds with differing times to maturity to see which is expected to give the
Zielflug [23.3K]

Answer:

expectations theory

Explanation:

Expectations theory is defined as the prediction of what short-term interest rates will amount to in future based on the current long-term interest rates on an investment.

The theory suggests or states that "an investor will earn the same amount of interest by investing in two consecutive one-year bond investments that in one two-year bond investment".

Simply put, the theory say that one can invest twice in a one year bond and still make the same interest rate as investing once in a two-year bond.

This theory helps investors to make profits faster and even higher through multiple investments on bonds.

Cheers.

8 0
3 years ago
Other questions:
  • Rich is the highest-paid quarterback in the league, at $5 million per season. Rich is an eight-year pro and has yet to reach the
    15·2 answers
  • b. Assuming that college costs continue to increase at 4% per year and that all her college savings are invested in an account p
    5·1 answer
  • • List the four sources of organizational culture
    8·1 answer
  • Gig started Giganeers to earn a profit, but by working hard and increasing his market share, he was able to create jobs for othe
    15·1 answer
  • Burton corp. is growing quickly. dividends are expected to grow at a rate of 28 percent for the next three years, with the growt
    8·2 answers
  • Many managers describe performance appraisal as the responsibility that they like least. Why is this so? What could be done to i
    6·1 answer
  • Under what circumstance might a certification authority (CA) revoke a certificate?
    14·1 answer
  • The following present value factors are provided for use in this problem.
    11·1 answer
  • Consider an investment in which a developer plans to begin construction, of a building that will cost $1,000,000, in one year if
    11·1 answer
  • What condition exists in this city's labor market at the present minimum wage of $9 per hour?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!