For Hyatt Regency Rochester, the fixed costs are $120,000 and the variable costs are $20 per room rented. If the rooms rent for $60 per night, how many rooms must Microtel rent over the course of a year to break even?

Answers

Answer 1

Based on the rental price of the rooms, the variable and fixed costs, the rooms that need to be rented per night to break even is 3,000 rooms.

The quantity that is needed to breakeven is found as:

= Fixed costs / Contribution margin

The Contribution margin is:

= Selling price - variable cost

= 60 - 20

= $40

The breakeven quantity is:

= 120,000 / 40

= 3,000 rooms

In conclusion, 3,000 rooms will need to be rented out to breakeven.

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Related Questions

the graph shows the curves facing a profit maximizing monopolistic competitor. label each curve with the appropriate term.

Answers

A monopoly is a market situation in which a good or service is offered by only one company. The existence of a monopoly presupposes that there are no other exchangeable products on the market for buyers.  

The conditions that can cause the creation of a monopoly are many: state legislation that prohibits other companies from operating in a market, the overwhelming superiority of a company over its competitors, the neutralization of rivals with appropriate strategies by the monopoly company, and special market characteristics that allow profitably running just one business, between others.

The monopoly company has the ability to influence the quantity or price of a good, as it wants, since it can and does control the market.

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As digital platforms increasingly embrace a subscription model, __________ of Americans say they now pay for online news.

Answers

Answer:

About 15-16%

Explanation:

Report shows that about 15% - 16% of American says they now pay for online news as digital platforms increasingly embrace a subscription model,

What is a digital platforms?

These are platform that uses a cloud technology for its software or programs for broadcast of news, movies etc

These digital platforms embraced a subscription model to cater for its operations.

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The bulk of evidence suggest that_______.
a. markets are competitive enough that only superior information or insight will earn superior risk adjusted returns
b. markets are competitive enough that earning superior risk adjusted returns is impossible
c. markets are inefficient enough that earning superior risk adjusted returns is time consuming but not difficult the efficient
d. market hypothesis has been proven incorrect, resoundly.

Answers

Answer:

C

Explanation:

I’m not sure tho

If the reserve ratio is 20%, and the money supply increases by $100,000 because of open-market operations, then the Federal Reserve made a purchase of $_____ in Treasury bills.

Answers

Answer:

$20,000

Explanation:

Maren received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started working when the stock price was $6 per share. When the share price was $15 per share, she exercised all of her options. Eighteen months later, she sold all of the shares for $20 per share. What is the amount of Maren's bargain element

Answers

Based on the information given  the amount of Maren's bargain element is $700.

Using this formula

Bargain element=(Options received× Shares of stock × (Market price at exercise-Exercise price)

Where:

Options received=10

Shares of stock=10

Market price at exercise=$15

Exercise price=$8

Let plug in the formula

Bargain element=10 options× 10 shares× ($15  - $8 )

Bargain element=10 options× 10 shares×$7

Bargain element=$700

Inconclusion the amount of Maren's bargain element is $700.

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why was slavery more successful than other labor systems in meeting the labor needs of the colonial america market economy

Answers

Answer:

Cheap & effective

Explanation:

this source of labor was easily abusable and by having people you don't need to pay and spend barely anything on feeding them it makes it easier to build the USA. I don't agree with the USA being founded on this but other countries were doing this so the USA did it also.

Identify each scenario as an example of expansionary fiscal policy, contractionary fiscal policy, or not an example of fiscal policy.

Answers

According to macroeconomic theory and money supply in the economy, the scenario as an example of expansionary fiscal policy includes "A decrease in taxes."

Other scenarios as an example of expansionary fiscal policy include the following:

An increase in government spending;An increase in corporate bonds purchased;An increase in the money supply;

Expansionary fiscal policy is a type of policy designed to increase the money supply in the economy.

On the other hand, examples of contractionary fiscal policy include the following:

A decrease in government spending;A decrease in transfer payments to dampen economic activity;An increase in taxes;A decrease in the money supply;

Contractionary fiscal policy is a type of policy designed to decrease the money supply in the economy.

However, the scenarios which are considered as not examples of fiscal policy include the following:

A decrease in the unemployment rate;

Hence, in this case, it is concluded that fiscal policy used by the government can either be expansionary or contractionary.

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the changes in the non-cash balance sheet accounts explain the differences between the ______.

Answers

Income statement and the statement cash flows

NYSE MARKET DIARY
Yesterday Prev. Day
Advanced 577 827
Declined 1963 1757
Unchanged 455 388
Total Issues 2995 2972
New Highs 10 13
New Lows 91 78
Based on the information presented for both days, a technical analyst would conclude that the market:
A. is in a consolidation phase
B. breadth indicates a strong bullish trend
C. breadth indicates a strong bearish trend
D. is peaking and will soon enter a downturn

Answers

The answer to this is going to be b

Surfaces on the same body are assumed to experience meteorite impacts with the same frequency. If this is true, what could account for the stark contrast in impact crater density on bordering regions of Ganymede in the photo?.

Answers

Craters are known to be cause by the collision of a meteorite with the Earth. It is true because the surface with fewer impact craters is said to be a new surface.

The factor that account for the stark contrast in impact crater density on bordering regions of Ganymede in the photo is because since it has not been impacted as many times as the older surfaces.

The impact craters are therefore too hard to recognize as a result of weathering and erosion of its surface.

The Moon is known to lacks water, atmosphere, and tectonic activity of which these factors or forces often erode Earth's surface and erase some new impacts.

The impact crater is often influenced by the appearance of impact craters and ejecta are said to be the size and velocity of the impactor.

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cash receipts and cash payments for transactions relating to revenue and expense activities are classified on the statement of cash flows as

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The cash receipts and cash payments for transactions relating to revenue and expense activities are classified on the statement of cash flows as operating activities.

Operating activities has to the with transaction that are involved in the day to day running of a business.

Operating activities involve revenue and expense and it help to analyze a company revenue and expense.

Operating activities is vital during decision making as it enables the company to plan based on the amount of cash receipts from customers and cash payment for direct costs.  

Inconclusion  the cash receipts and cash payments are classified on the statement of cash flows as operating activities.

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Getting customers into the stores by using newspapers, magazines, television, and social media refers to advertising in the ______, whereas displays and signs placed at the point of purchase or in aisles is advertising in the ______.

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Considering the contextual situation described in the passage, getting customers into the stores by using newspapers, magazines, television, and social media refers to advertising in the Media.

Whereas displays and signs placed at the point of purchase or in aisles are advertising in the "Store."

This is because Media consists of the primary means of communicating to the public. And the agents of media in which advertisement may be done include the following:

NewspapersMagazinesTelevision,Social media

On the other hand, Store or shop outlet is often used to describe the point of purchase of commodities. Thus, any display and sign done at the point of purchase are known as advertising in the store.

Hence, in this case, it is concluded that the correct answer is Media and Store, respectively.

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While developing a new product, in the product development stage, the first versions of products are used in further consumer testing. These first versions of products are called

Answers

In the product development stage, the first versions of products that are used while developing a new product and in further consumer testing are called: prototypes.

A product life cycle can be defined as the stages (phases) that a particular product goes through, typically from the period it was introduced into the market to the period when it is eventually removed from the market.

Generally, there are four (4) main stages in the product-life cycle;

Introduction.Growth.Maturity.Decline.

A prototype can be defined as the the first versions of products that are manufacture and used while developing a new product and in further consumer testing.

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How do I take over the world

A. Giant Robot army
B. Convince the Government XD
C. Ally with larger armies
D. All of the above

Answers

Answer:

D. All of the above lol

Explanation:

because I say so

    Well, if you think logically, B is never the answer.

    I believe you are somewhat young, "XD" is a giveaway (Though I shouldn't assume your age, it's rude, my apologies). They will never let you take over the world, even if you may be convincing.

    A giant robot army would take a while to make, but plans take a while to make so you could consider it. It does depend on how many you would like to make. An army can consist of a few hundred, to a few hundred thousand, though in this case maybe a thousand may be useful.

    Ally with larger armies would be useful, you would get plenty of firepower, possibly all over the world. You should probably ally with armies in many countries, allowing you to cover as much ground as possible. This would take a while, though maybe not as long as the robot army.

    All of the above is most likely the best option, you can ally with larger armies and make that robotic army of yours, and you would have a few backup plans in case anything goes wrong.

So I would go with D, All of the above.

48. Although SellSmart brings together buyers and sellers and helps negotiate exchanges, it does not actually take title to any of the goods being traded
SellSmart would be classified as an agent or broker.

True or False


Answers

Since SellSmart brings together buyers and sellers and helps negotiate exchanges, it does not actually take title to any of the goods being traded, it's an agent or broker. Therefore, it's true.

It should be noted that an agent is an individual that's licensed to sell property while a broker is an individual that's licensed to own their own real estate firm.

An agent or broker brings the buyer and the seller together and helps in negotiating a sale but doesn't take title to goods. Since SellSmart performs this function, it's an agent or broker.

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In the context of collaborative planning, forecasting, and replenishment (CPFR), handling unforeseen problems is called _____ management.

Answers

It should be noted that collaborative planning, forecasting, and replenishment, handling unforeseen problems are known as exception management.

Management by exception simply means a style of business management which focuses on the identification and handling of cases that deviate from the norm.

Management by exception dictates that unusual nature should be reported to senior managers. Therefore, collaborative planning, forecasting, and replenishment, depicts exception management.

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for class, I have to invest in stock on the Investopedia stock simulator why in the simulator under holding are there OPTIONS & SHORTS?
what is an OPTION and are they something to invest in?
what are SHORTS and are they something to invest in?

Answers

Answer:

Depends on the time you have to invest

Explanation:

Options are when you bet on the stock to go up in a certain time period that you choose in the Option if the stock goes under before you exit you lose money if it goes up by the time you exit you earn money

Shorts are when you bet on the stock to go down using options

Options have alot of risk with them meaning if you study the company.

use nasdaq and other resources to see the rising stocks of the day/week and look into those if you are investing in a short period due to the fact those stocks are more likely to go up in a fast period of time but you should put a stop-loss on those due to the fact its likely the stock can crash at any time and you need to plan a proper exit.

Just do proper research and analyze the risk you are placing on this fictional money.

I am not a licensed Financial Advisor so use this information for discretionary purposes.

the sequence of work for a job is also known as its

Answers

Answer:

Routing

Explanation:

the complete list of items needed to prepare a statement of cash flows includes ______.

Answers

The list of items needed to prepare the cash flows statement includes:

comparative balance sheetsincome statement additional data on investing and financing activities

In accounting, statement of cash-flow is a statement that calculate the amount of cash and cash equivalents that comes and leaves the company.

The section of the statement of cash-flow are divided into the operating activities, investing activities and financing activities.

Hence, the list of items needed to prepare the cash flows statement includes the comparative balance sheets, income statement and the additional data on investing and financing activities.

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Alton ordered an official NFL jersey for his son's birthday and is hoping it will arrive on time. Luckily, the company sent him the FedEx tracking number of the package so Alton can track the package and know exactly when it will arrive. This form of customer communication is referred to as ________ communication.

Answers

The form of customer communication here is what is referred to as delivery status.

Given the FedEx tracking number that Alton has received, he would be able to get a customized and an in-depth tracking of the NFL jersey that he has ordered for his son.

The availability of a tracking number would also help to build his faith and confidence in the delivery service. This is because it is going to give him a timeline of his good that would help him to anticipate the delivery.

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Imagine you are running a bank and you are deciding how much of your funds to deposit with the Fed. Your alternative to depositing funds with the Fed is to lend them to businesses and individuals. What are you likely to do if the Federal Reserve increases the interest rate that it pays on your deposits with them

Answers

If the Federal Reserve increases the interest rate that it pays on your deposits with them increase reserves at the Fed and reduce loans.

If the Federal Reserve increases the interest rate that it pays on your deposits with them, this means that the amount I deposit with the Fed would earn a higher rate of interest.

The aim of businesses is to make profit. As a result, I would increase the amount I deposit with the Fed in order to earn a higher rate of interest on my deposit and I would reduce the amount of loans I make.

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A provision in the bond indenture that forces the corporation to make arrangements for bond repayment before the maturity date is called a(n) ____________ fund.

Answers

Based on the information given the bond repayment before the maturity date is called a(n) Sinking fund.

Sinking fund can be defined as the amount of money a company or organization saved so as to pay off  their debt or loan amount before the repayment maturity date or period.

Sinking fund is important as it enables company to save for the amount they borrowed until future date.

With this companies can prepare or make arrangement for the debt repayment so as to easily payoff the amount loan to them.

Inconclusion bond repayment before the maturity date is called a(n) Sinking fund.

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people often become wealthy by using a painfully simple strategy.

Answers

Answer:

It's about the power

It's about the drive

Explanation:

Just listen to face off song

Tangible assets are first recorded at ______. Multiple choice question. current market value or resale value the amount of cash paid for them all costs to acquire them and prepare them for use cost minus residual (or salvage) value

Answers

Tangible assets are first recorded at costs to acquire them for use.

Tangible assets are  fixed assets which is  referred to as the physical assets which a company/Buisness owns to carry out its daily activities in order to create profit .

They include investments, cash, inventory, vehicles, office equipment, buildings,machines, etc

Tangible assets are very important to businesses  as they

Help in business operations  to provide goods and servicesServe as collateral for loansIn case of emergency, they can generate cash

Tangible assets are first recorded in the balance sheet as costs to acquire them for use.

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Jensen is 25 years old, and he will be starting his career as a business analyst. According to Levinson, Jensen is in the _____ phase of adult development.

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Based on the research studies and situation described, according to Levinson, Jensen is in the Novice phase of adult development.

Daniel Levinson was a famous researcher whose interest centered on different stages of life from childhood to old age.

Daniel Levinson concluded that early adulthood lies between the ages of 17 to 45.

This early adulthood is then categorized into two, the novice phase between 17 to 33 and the culminating phase, which is between 33 to 45.

Thus, given that Jensen is 25, it is concluded that according to Levinson, Jensen is in the Novice phase of adult development.

Hence, in this case, it is concluded that the correct answer is "Novice."

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Describe an example of your leadership experience in which you have positively influenced others, helped resolve disputes or contributed to group efforts over time.

Answers

Answer:  Describe an example of your leadership experience in which you have positively influenced others, helped resolve disputes, or contributed to group efforts over time.

Explanation:

Due to my leadership style, the project gained pace, productivity increased, and the team successfully completed the delivery of the software solution on schedule and under budget.

These initiatives clearly had a good effect. The team started to function more cohesively, taking advantage of one another's skills, and working well together to solve problems. The team became more cohesive as conflicts were settled through open communication.

The leadership made clear the value of facilitation, active listening, and creating a welcoming team environment in order to favorably influence people and support collective success.

The team's morale was low due to conflicts about the project's direction and priorities while I was the project manager for a software development team, and I ran into this issue.

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#SPJ12

Short paragraph about Junior Technical Assistant​

Answers

Answer:

Ttechnical assistants are junior-level administrative employees who report directly to the company manager or team leader. Their role is to provide both administrative and technical support for business clients or the internal team. Technical assistants work in a variety of fields including healthcare, computer science, manufacturing, and bankingg.

Explanation:

Which statement explains a reason why the United States relies more heavily on expensive, high-tech medical treatments as compared to European countries

Answers

The main reason why the U.S. relies more on this is because the its health care costs are paid from a mixture of sources which leaves no single source primarily responsible for controlling health care costs.

In Europe, the countries does not rely more heavily on expensive and high-tech medical treatments as United States does.

In conclusion, the main reason why the U.S. relies more on this is because the its health care costs are paid from a mixture of sources which leaves no single source primarily responsible for controlling health care costs.

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What consumer protection agency is known by the acronym SEC? a. Safe Expansion Commission b. Society of Economical Consumers c. Stock Exchange Control d. Securities and Exchange Commission.

Answers

d. Securities and Exchange Commission.

The Securities and Exchange Commission (SEC) is a U.S. government agency that is responsible for the regulation of securities market whilst also protecting investing public.

The commission enforces federal laws to protect American public who are into securities market.

Other duties of the commission includes issuance of securities of public companies, provides data, regulates the market and facilitate capital formation, as well as merger and acquisition activities.

Thus, Securities and Exchange Commission is the consumer protection agency known by the acronym SEC

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What is a What? Its a trick question

Answers

What ? It’s a question
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