John Schultz is the managing partner of a business that has just finished building a​ 60-room motel.Schultz anticipates that he will rent these rooms for 12,000 nights next year​ (or 12,000 ​room-nights). All rooms are similar and will rent for the same price. Schultz estimates the following operating costs for next​ year:Variable operating costs     $5 per room-nightFixed costs      Salaries and wages     $171,000Maintenance of building and pool     52,000Other operating and administration costs     221,000Total fixed costs     $444,000 The capital invested in the motel is $1,300,000. The​ partnership's target return on investment is 24​%. Schultz expects demand for rooms to be uniform throughout the year. He plans to price the rooms at full cost plus a markup on full cost to earn the target return on investment. What price should Schultz charge for a​ room-night?

A motel with 100 rooms sold an average 80 room nights per day. Its average daily rate was $80. Its RevPAR is: Group of answer choices$80.$64.$50.not determinable.

To rent a certain meeting room, a college charges a reservation fee of $42 and an additional fee of $7.30 per hour. The math club wants to spend less than $71.20 on renting the meeting room.What are the possible amounts of time for which they could rent the meeting room?Use t for the number of hours the meeting room is rented, and solve your inequality for t.

Suppose the cost of operating a 100 room hotel for a night is $10,000 and there are 5 empty rooms for tonight. If the marginal cost of operating one room for one night is $30 and a customer is willing to pay $60 for the night, the hotel manager shouldGroup of answer choicesrent the room because the marginal benefit exceeds the average cost.not rent the room because the marginal benefit is less than the marginal cost.not rent the room because the marginal benefit is less than the average cost.rent the room because the marginal benefit exceeds the marginal cost.

Answer the following questions using the information below:The Cold Spring Harbor Corporation currently leases a corporate suite in an office building for a cost of$180,000 a year. Only 70% of the corporate suite is currently being used. A start-up business hasproposed a plan that would use the other 30% of the suite and increase the overall costs of maintainingthe space by $20,000.6) If the stand-alone method were used, what amount of cost would be allocated to the start-up business?A) $20,000B) $54,000C) $60,000D) $74,000

The margin of safety of a hotel is currently 25 guests per month. Monthly fixed costs are $5000, variable costs per guest $25 and average price per room per night is $45. What will the new margin of safety be if the price per room is increased to $50 per night? (Assume the number of guests remains the same)