Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the soma inn is trying to determine its...

The Soma Inn is trying to determine its...

50.1K

Verified Solution

Question

Accounting

image
image
The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $56 a night. Operating costs are as follows. Salaries $7,400 per month Utilities 2,900 per month Depreciation 1,500 per month Maintenance 800 per month Maid service B per room Other costs 34 per room Your answer is incorrect. Try again. Determine the inn's break-even point in (1) number of rented rooms per month and (2) dollars. 1. Break-even point in rooms 2. Break-even point per month If the inn plans on renting an average of 50 rooms per day (assuming a 30-day month), what is (1) the monthly margin of safety in dollars and (2) the margin of safety ratio? (Round ratio to 0 decimal places, e.g. 1096.) 1. Margin of safety 2. Margin of safety ratio

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

What are the main findings of Clemmer's research? In your opinion, based on what you have...

Psychology
Q

Question: What is gender identity? Gender identity is defined as a personal conception of oneself as male...

Psychology
Q

You have just acquired a small storefront business. You want to expand and have an e-commerce...

General Management
Q

Which statement best summarizes Charles Darwin s conclusions about Gal pagos finches A The many...

Biology
Q

The moon has 1 6th the gravity of the Earth Which statement is true for...

Biology
Q

2 A capacitor and a coil in series are connected to a 6 volt ac...

Physics
Q

A block P of mass m is placed on a frictionless horizontal surface Another block...

Physics
Q

8 The graph of y A cos x C D is shown for some constants...

Geometry
Q

the a annual net income and b annual yield 1 Beverly Ray bought a real...

Basic Math
Q

Mrs Burke s biology class has 131 students classified by academic year and major as...

Statistics
Q

Find the derivative of f(x) = f(x) = 7?x - ?3x10310TType your answer without fractional...

Calculus
Q

Year 1 year 2 year 3 Prevention $9,200 $11,400 $11,400...

Accounting