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per month per month per room per room rrect. even point in (1) number of rented rooms per month and (2) dollars. rooms rrect. $ 1050 54600 per month

per month per month per room per room rrect. even point in (1) number of rented rooms per month and (2) dollars. rooms rrect. $ 1050 54600 per month

FINANCIAL ACCOUNTING
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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Question 3 of 9 View Policies Show Attempt History Current Attempt in Progress Salaries Utilities The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $60 a night. Operating costs are as follows. Depreciation Maintenance Maid service Other costs 1. < 2. * Your answer is incorrect. $8,800 per month 2,700 per month 1,300 per month 700 per month Determine the inn's break-even point in (1) number of rented rooms per month and (2) dollars. 8 1. 2. 34 per room eTextbook and Media Break-even point in rooms Break-even point per room * Your answer is incorrect. Save for Later Margin of safety Margin of safety ratio eTextbook and Media 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. 10%.) $ $ 54600 1050 23400 30 0/3 per month % : Attempts: 1 of 2 used Submit Answer
Transcribed Image Text:Question 3 of 9 View Policies Show Attempt History Current Attempt in Progress Salaries Utilities The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $60 a night. Operating costs are as follows. Depreciation Maintenance Maid service Other costs 1. < 2. * Your answer is incorrect. $8,800 per month 2,700 per month 1,300 per month 700 per month Determine the inn's break-even point in (1) number of rented rooms per month and (2) dollars. 8 1. 2. 34 per room eTextbook and Media Break-even point in rooms Break-even point per room * Your answer is incorrect. Save for Later Margin of safety Margin of safety ratio eTextbook and Media 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. 10%.) $ $ 54600 1050 23400 30 0/3 per month % : Attempts: 1 of 2 used Submit Answer
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