Silver Lake Storage rents units monthly. April occupancy: small units 25 at $85 each, medium units 15 at $120 each. Determine the monthly rental revenue.
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- An automobile dealership offers a car with $0 down payment, $0 first month's payment, and $0 due at signing. The monthly payment, starting at the end of month two, is $433 and there are a total of 36 payments. Assume that the APR is 10% compounded monthly. Find the negotiated sales prices.Assume a hotel rented 400, 480, and 420 rooms in the months of April, May, andJune, respectively; and the total housekeeping costs for the three months in question were $6,000, $6,800, and $6,200. With use of the high-low method, what is theamount of monthly fixed housekeeping costs?a. $1,000b. $1,500c. $2,000d. $2,500Given the following data solve for the eoq time
- Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $90, unit variable cost is $45, and the fixed costs per month are $5,000. The margin of safety in terms of sales revenue is: Round to two decimal places.A hotel having 100 rooms of which 80% are normally occupied in summer and 25% in winter. Period of summer and winter be taken as 6 months each and normal days in a month be assumed to be 30. Then, what is the value of total occupied room days?A local distributor for a national tire company expects to sell approximately 9,600 steel-belted radial tires of a certain size and tread design next year. Annual carrying costs are $16 per tire, and ordering costs are $75. The distributor operates 288 days a year. Determine the EOQ How many times per year does the store reorder? Determine the length of an order cycle
- Menlo Company distributes a single product. The company’s sales and expenses for last month follow: Required:1. What is the monthly break-even point in unit sales and in dollar sales?2. Without resorting to computations, what is the total contribution margin at the break-even point?3. How many units would have to be sold each month to attain a target profit of $90,000? Verify your answer by preparing a contribution format income statement at the target sales level.4. Refer to the original data. Compute the company’s margin of safety in both dollar and percentage terms.5. What is the company’s CM ratio? If sales increase by $50,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase?Suppose a company finds that shipping cost is 3,560 each month plus 6.70 per package shipped. What is the cost formula for monthly shipping cost? Identify the independent variable, the dependent variable, the fixed cost per month, and the variable rate.How do I compute the breakeven point in tickets and in sale dollars? Thrills sells tickets at $50 per person as a one day entrance fee. Variable costs are $28 per person, and fixed costs are $166,500 per month
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