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KIM [24]
3 years ago
5

Analyze Cityscape Hotels Cityscape Hotels has 200 rooms available in a major metropolitan city. The hotel is able to attract bus

iness customers during the weekdays and leisure customers during the weekend. However, the leisure customers on weekends occupy fewer rooms than do business customers on weekdays. Thus, Cityscape plans to provide special weekend pricing to attract additional leisure customers. A hotel room is priced at $180 per room night. The cost of a hotel room night includes the following: Cost Per Room Night (at normal occupancy) Housekeeping service $23 Utilities 7 Amenities 3 Hotel depreciation 55 Hotel staff (excluding housekeeping) 42 Total $130 The special weekend price is proposed for $120 per room night. At this price, it is anticipated that average occupancy for the weekend (Friday, Saturday, and Sunday) will increase from 30% to 50% of available rooms. a. What is the contribution margin for a room night under the normal pricing if only the hotel depreciation and hotel staff (excluding housekeeping) are assumed fixed for all occupancy levels
Business
1 answer:
Ksivusya [100]3 years ago
4 0

Answer:

$147

Explanation:

For the computation of contribution margin for a room night first we need to find out the variable cost per night which is shown below:-

Variable cost per room night = Housekeeping service + Utilities + Amenities

= $23 + $7 + $3

= $33 per room night

Contribution per room night under normal pricing = Normal price per room night - Variable cost per room night

= $180 - $33

= $147 per room night

Therefore for computing the contribution margin for a room night we simply applied the above formula.

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mixas84 [53]

Answer:

B

Explanation:

(c) Any person who engages in the business of money transmission without a license as provided herein shall be guilty of a felony and, on conviction thereof, shall be fined not more than $25,000, or imprisoned for not more than 5 years, or both. (July 18, 2000, D.C. Law 13-140, § 24, 47 DCR 3431.) § 26–1024. Promulgation of rules.

I hope this helped.

7 0
3 years ago
Jake retired from the police force. He started working an hour or two a day at a paid job in city's courthouse. Jake is A) emplo
fredd [130]

Answer:

The correct answer is letter "A": employed.

Explanation:

Employment is the state in which an individual works independently or for someone else and obtains compensation for the duties performed regardless of the number of hours or days by week that person works. Employment could be informal (usually when the employee does not have payroll benefits) or formal (when the company that person works for offers employees wage, health benefits and a specific number of working hours per week).

5 0
3 years ago
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sukhopar [10]

Answer:

(c) $10,000

Explanation:

If the long-run supply curve is horizontal, then the supply will remain the same in the long-run. The total amount of money (A) that consumers will spend, in total, on potatoes is given by the product of the quantity purchased by the price, and can be found by rearranging the demand function:

Q =10000/p\\A=p*Q = \$10,000

Consumers will spend $10,000 on potatoes.

8 0
3 years ago
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Answer:

1. lem

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Explanation:

3 0
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