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Reyu bolel ysis 1. What is the breakeven point for the M & L Inn? 2. If the fixed cost lease is traded for a variable lease of 20 percent of total sales, what is ood yeril the revised breakeven point for the M & L Inn? %24 Problem 12 The Myer Motel (MM), a rooms-only fifty-room lodging operation, has a cost structure as follows: Monthly fixed costs Variable costs/room sold = $20 = $20,000 c anl noiacrsgo %3D boo Spongo %3D nisle ADR = $60 Average Tax Rate = 20 percent %3D Seral do 000.00 lo SA %3D 00:0000000 Required: ai meido 1 What is MM's CMR? UCOUIG 2. What is MM's breakeven point? (in rooms sold) 3. If MM is to make $10,000 of monthly profit (after tax), what must its total revenue be? 4. If the MM makes $10,000 of monthly profit during June, what day of the month does it break even? (Assume the number of rooms sold are the same each day.) J. If MM's variable costs increased by 50 percent, how much must its ADR increase, all other things being the same? Miller Problem 13 arized operating results are as follows:

Reyu bolel ysis 1. What is the breakeven point for the M & L Inn? 2. If the fixed cost lease is traded for a variable lease of 20 percent of total sales, what is ood yeril the revised breakeven point for the M & L Inn? %24 Problem 12 The Myer Motel (MM), a rooms-only fifty-room lodging operation, has a cost structure as follows: Monthly fixed costs Variable costs/room sold = $20 = $20,000 c anl noiacrsgo %3D boo Spongo %3D nisle ADR = $60 Average Tax Rate = 20 percent %3D Seral do 000.00 lo SA %3D 00:0000000 Required: ai meido 1 What is MM's CMR? UCOUIG 2. What is MM's breakeven point? (in rooms sold) 3. If MM is to make $10,000 of monthly profit (after tax), what must its total revenue be? 4. If the MM makes $10,000 of monthly profit during June, what day of the month does it break even? (Assume the number of rooms sold are the same each day.) J. If MM's variable costs increased by 50 percent, how much must its ADR increase, all other things being the same? Miller Problem 13 arized operating results are as follows:

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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Reyu bolel ysis 1. What is the breakeven point for the M & L Inn? 2. If the fixed cost lease is traded for a variable lease of 20 percent of total sales, what is ood yeril the revised breakeven point for the M & L Inn? %24 Problem 12 The Myer Motel (MM), a rooms-only fifty-room lodging operation, has a cost structure as follows: Monthly fixed costs Variable costs/room sold = $20 = $20,000 c anl noiacrsgo %3D boo Spongo %3D nisle ADR = $60 Average Tax Rate = 20 percent %3D Seral do 000.00 lo SA %3D 00:0000000 Required: ai meido 1 What is MM's CMR? UCOUIG 2. What is MM's breakeven point? (in rooms sold) 3. If MM is to make $10,000 of monthly profit (after tax), what must its total revenue be? 4. If the MM makes $10,000 of monthly profit during June, what day of the month does it break even? (Assume the number of rooms sold are the same each day.) J. If MM's variable costs increased by 50 percent, how much must its ADR increase, all other things being the same? Miller Problem 13 arized operating results are as follows:
Transcribed Image Text:Reyu bolel ysis 1. What is the breakeven point for the M & L Inn? 2. If the fixed cost lease is traded for a variable lease of 20 percent of total sales, what is ood yeril the revised breakeven point for the M & L Inn? %24 Problem 12 The Myer Motel (MM), a rooms-only fifty-room lodging operation, has a cost structure as follows: Monthly fixed costs Variable costs/room sold = $20 = $20,000 c anl noiacrsgo %3D boo Spongo %3D nisle ADR = $60 Average Tax Rate = 20 percent %3D Seral do 000.00 lo SA %3D 00:0000000 Required: ai meido 1 What is MM's CMR? UCOUIG 2. What is MM's breakeven point? (in rooms sold) 3. If MM is to make $10,000 of monthly profit (after tax), what must its total revenue be? 4. If the MM makes $10,000 of monthly profit during June, what day of the month does it break even? (Assume the number of rooms sold are the same each day.) J. If MM's variable costs increased by 50 percent, how much must its ADR increase, all other things being the same? Miller Problem 13 arized operating results are as follows:
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