You are the catering manager for an upscale hotel. Last Saturday your staffcatered a wedding reception in the main ballroom, during which 132 chickendinners, 242 steak dinners, and 66 fish dinners were served. All dinners are thesame price. The hotel charges "per person" for catered events.(a) What percent of the total meals served was each type of dinner?chicken30%steak55%fish15%(b) If $24,200 was charged for all the meals, how much revenue (in $) did eachtype produce?chicken$1560steak$5808fish2$360(c) If a 20% price increase goes into effect next month, what will be the newprice (in $) per meal?$ 6.36(d) When photographers, florists, DJs, bands, and other outside vendors arebooked through your office for events at the hotel, a 9L% "finder's fee" is2charged. Last year, $165,000 of such services were booked. How much (in$) did the hotel make on this service?$(e) If your boss is expecting $24,700 in "finder's fee" revenue next year, whatamount (in $) of these services must be booked?$

Finder's fee, also called referral charges, is a commission (in percentage terms) earned by an…

(d) When photographers, florists, DJs, bands, and other outside vendors are booked through your office for events at the hotel, a 9L% "finder's fee" is charged. Last year, $165,000 of such services were booked. How much (in $) did the hotel make on this service? (e) If your boss is expecting $24,700 in "finder's fee" revenue next year, what amount (in $) of these services must be booked?

(d) When photographers, florists, DJs, bands, and other outside vendors are booked through your office for events at the hotel, a 9L% "finder's fee" is charged. Last year, $165,000 of such services were booked. How much (in $) did the hotel make on this service? (e) If your boss is expecting $24,700 in "finder's fee" revenue next year, what amount (in $) of these services must be booked?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

☐ Your company plans to buy a new vehicle, with a loan payment of $400 per month for 60 months. You estimate that the cost of gas will be $50 in the first month and increase by 1% each month. What is the present equivalent of the loan and gas costs for the vehicle over the 60 months of the loan, assuming an interest rate of 8%? Typed numeric answer will be automatically saved.
Calculate the simple interest due on a 58-day loan of $1300 if the interest rate is 5%. (Round your answer to the nearest cent.)$
A company is considering a new manufacturing process. It knows that the rate of savings (in dollars per year) from the process will be about S(t)-3000(1+4) where t is the number of years the process has been in use. Find the total savings during the first year Find the total savings during the first 7 years The total savings during the first year is (Simplify your answer.)
A certain amount of money was invested for two year at a rate of 7%. At the end of that year it had earned $875. How much money was invested? Answer is Blank 1 Blank 1 Add your answer
What is the 4p ( Product, price, place, promotion) of caribou coffee ?
Spectrum Cable has a special right now for $99 per month for new customers that includes TV/Internet/Phone. You must sign a 2 year contract. For the second year of the deal, there will be a 15% increase in the monthly cost. Right now, Cameron is paying: $60 for TV, $45 Internet, and $38 for Phone each month. Will he still save money in the second year; if so, how much money will he save each month? * Yes, he will save $120.45 monthly during the second year. No, he will not save money monthly during the second year. Yes, he will save $21.45 monthly during the second year. Yes, he will save $22.55 monthly during the second year.
QUESTION 1: A passenger car passing one toll road segment at Stoneway 6 of Bellaire City needed to pay $1.30 in year 2015. In year 2021, the same car has to pay $2.50 for the same segment. What is the annual rate of fee increase?
Please kindly provide Solution for Calculation to Part E
Data analysis, please show all work A company makes a laser product. The product is well made, but is expensive to manufacture. As indicated, the product is well made, so 98.7% of lasers function as advertised. However, 1.3% are returned for being defective. For each laser they manufacture, the company makes $204 in profit. However, when the product is defective, it costs the company $1340 (in shipping refunds, repair, etc). How much can the company expect to make (or lose!) each time they sell a laser?
Richard Miyashiro purchased a condominium and obtained a 20- year loan of $192, 000 at an annual interest rate of 8.20%. (Round your answers to the nearest cent.)(a) What is the mortgage payment? (b) What is the total of the payments over the life of the loan? (c) Find the amount of interest paid on the mortgage loan over the 20 years.
Farmer Gene is thinking about letting an energy company put up wind turbines on his land. For a single turbine, the energy company will pay Farmer Gene $20,000 up front then an additional $2500 each MONTH to rent the farmer's land. Create an equation for the income, I, Farmer Gene will receive for a single turbine to be put on his land for M months. (Use capital letters) Equation is 20000(M)+2500 How much income would Farmer Gene get after 1 year (12 months)? Income would be $ 50000 How much income would Farmer Gene get after 15 years? Income would be $ 302500 How many month would it take for Farmer Gene to earn an income of $600,000? It would take 348 months s folio