Calculate the actual and budget profit margin for each hotel department (remember profit margins are percentages). Round to the nearest tenth of a percent ex: 1.1%. Be sure to include the % symbo in your answers. Room Revenues Restaurant Revenues Beverage Revenues Catering Revenues Total Hotel Revenues Room Profit Actual $1,250,000 215,000 Total Hotel Profit Beverage Profit 75,000 Restaurant Profit Catering Profit 480,000 $2,020,000 $960,000 18,000 22,000 170,000 Profit Margin $1,170,000 [ Select] [ Select] [Select] | Select] | Select] V V V > > Budget $1,200,000 225,000 80,000 450,000 $1,955,000 $910,000 20,000 25,000 160,000 $1,115,000 Profit Margin [ Select] [ Select] [ Select] | Select] | Select] h >

Calculate the actual and budget profit margin for each hotel department (remember profit margins are percentages). Round to the nearest tenth of a percent ex: 1.1%. Be sure to include the % symbo in your answers. Room Revenues Restaurant Revenues Beverage Revenues Catering Revenues Total Hotel Revenues Room Profit Actual $1,250,000 215,000 Total Hotel Profit Beverage Profit 75,000 Restaurant Profit Catering Profit 480,000 $2,020,000 $960,000 18,000 22,000 170,000 Profit Margin $1,170,000 [ Select] [ Select] [Select] | Select] | Select] V V V > > Budget $1,200,000 225,000 80,000 450,000 $1,955,000 $910,000 20,000 25,000 160,000 $1,115,000 Profit Margin [ Select] [ Select] [ Select] | Select] | Select] h >

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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What are the expected average quarterly costs of running a consulting practice if fixed costs are expected to be $4,000 a month and variable costs are expected to be $100 per client for each quarter? Expected number of clients for the year are: Jan - March April - June July - Sep Oct - Dec 110 140 150 100 A. $12,500 B. $24, 500 C. $16, 500 D. $19,500
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H1. Account