Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. lori hayes operates a bed and breakfast hotel. dep

Lori Hayes operates a bed and breakfast hotel. Depreciation on the hotel is $60,000 per...

80.2K

Verified Solution

Question

Accounting

Lori Hayes operates a bed and breakfast hotel. Depreciation on the hotel is $60,000 per year. Lori employs a maintenance person at an annual salary of $30,000 per year and a cleaning person at an annual salary of $24,000 per year. Real estate taxes are $12,000 per year. The rooms rent at an average price of $80 per person per night including breakfast. Other costs are laundry services at a cost of $4 per person per night and the cost of food which is $6 per person per night.

Determine the number of rentals and the sales revenue Lori needs to break even.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Individual groups in the diverse late Roman world asserted theirArtistic style from conventionsSubject matter appropriate...

Biology
Q

Decide if the compound/ion listed can satisfy the octet rule (duet rule for H), if so...

Chemistry
Q

31. Which of the following is not true about hCG (human chorionic gonadotropin)? a. secretion of...

Medical Sciences
Q

BFW Publishers A group of researchers is designing an experiment to test whether an herbal...

Statistics
Q

Find the following indefinite integral 4 156 O 15e 4 In x 3cosx c O...

Calculus
Q

A company purchases a new delivery truck for $55,000. The sales taxes are $4,000. The...

Accounting
Q

Question three (30 marks) A summarized Statement of Financial position as at 31 December 2015...

Accounting
Q

Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The...

Accounting
Q

How do you edit a transaction? There are two options

Accounting
Q

When DeSoto describes Property Effect No. 4: Making Assets Fungible, he means all of the...

Accounting
Q

Aadaki bilgileri kullann (bin olarak): Sat geliri 300.000 Ekipman...

Accounting
Q

It was the end of the third quarter for Wildhorse Industries. There had been some...

Accounting