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Your property break-even point is achieved when 2,500 rooms are sold each month. If the average daily rate is $85 and variable cost are $35 per room, how many above the break-even point must be sold in order for your property to net 25,000? (ignore income taxes) a. 450 b. 500 c. 700 d. 1000

Your property break-even point is achieved when 2,500 rooms are sold each month. If the average daily rate is $85 and variable cost are $35 per room, how many above the break-even point must be sold in order for your property to net 25,000? (ignore income taxes) a. 450 b. 500 c. 700 d. 1000

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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Your property break-even point is achieved when 2,500 rooms are sold each month. If the average daily rate is $85 and variable cost are $35 per room, how many above the break-even point must be sold in order for your property to net 25,000? (ignore income taxes) a. 450 b. 500 c. 700 d. 1000
Transcribed Image Text:Your property break-even point is achieved when 2,500 rooms are sold each month. If the average daily rate is $85 and variable cost are $35 per room, how many above the break-even point must be sold in order for your property to net 25,000? (ignore income taxes) a. 450 b. 500 c. 700 d. 1000
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