A motel had the following business on a particular week. Number Occupied Type of room Sun Mon Tues Wed Thu Fri Sat Rate per night Nightly 60 60 60 60 60 $80 5-day Week 90 90 90 90 90 $64 7-day Week 50 50 50 50 50 50 50 $48 Weekend only 130 130 $56 If there are 200 rooms and the operating costs are $20,000 plus a cleaning fee of $5 per room per day, compute the profit during the one-week period. Group of answer choices $57,360 $57,059 $64,160 $64,160

Answers

Answer 1

Answer:

Total profit for week = $57360

Explanation:

To calculate the profit for one-week period, we first need to calculate the revenue for one week period based on the given occupancy.

We will first calculate the revenue for every day and add it to calculate the revenue for the week.

Sunday = 60 * 80  +  90 * 64  +  50 * 48  => $12960

Monday = 60 * 80  +  90 * 64  +  50 * 48  => $12960

Tuesday = 60 * 80  +  90 * 64  +  50 * 48  => $12960

Wednesday = 60 * 80  +  90 * 64  +  50 * 48  => $12960

Thursday = 60 * 80  +  90 * 64  +  50 * 48  => $12960

Friday = 50 * 48  +  130 * 56  => $9680

Saturday = 50 * 48  +  130 * 56  => $9680

Total revenue for one week = 12960 * 5 + 9680 * 2  => $84160

To calculate the profit, we will first calculate the total cost.

Total cost = 20000 + (5 * 200 * 5 + 5 * 180 * 2)

Total cost = $26800

Total profit for week = 84160 - 26800

Total profit for week = $57360


Related Questions

On January 1, 2012, Sunland Company purchased for $690000, equipment having a useful life of ten years and an estimated salvage value of $40200. Sunland has recorded monthly depreciation of the equipment on the straight-line method. On December 31, 2020, the equipment was sold for $160000. As a result of this sale, Sunland should recognize a gain of

Answers

Answer:

$54,820

Explanation:

The computation of the gain is shown below;

But before that following calculations must be done

Annual depreciation as per the straight-line method

= ($690,000 - $40,200) ÷ (10 years)

= $64,980

Now accumulated depreciation for 9 years is

= $64,980 × 9 years

= $584,820

Now the book value is

= $690,000 - $584,820

= $105,180

Now the gain is

= Sale value - book value

= $160,000 - $105,180

= $54,820

in 2001 an outbreak of hoof-and-mouth disease in europe led to the burning of millions of cattle carcasses. discuss the demand and supply implication caused by the outbreak, for an in-depth analysis of the discussion topic you may use all of the resources available to you. what impact would you expect on the supply of cattle hides, hide prices, the supply of leather goods, and the price of leather goods

Answers

Answer:

High demand

Low supply

High prices

Explanation:

The demand and supply of products, goods and services is heavily dependent on several factors ranging from economic, health and social factors. Disease and viral outbreaks have devastating effects on the market forces of demand and supply which in most cases will impact the market negatively with characteristically high prices and scarcity of products. The mouth and hoof outbreak in Europe was one which impacted the economy including farmers, leather and hides workers and all whose businesses and sustainability depends on cattles and its products. Due to the contagious nature of the disease and the ease at which it could spread if curtailment isn't effected on time, millions of cattles were slaughtered on sighting the symptoms and it's products including skins are burnt leading to losses in billions on the path of cattle rearers, shortage of lather, hides and skins, restriction in international product trade in other to avoid its spread to other parts of the world. These resulted in low supply and high demand of cattles and its products including leather goods meaning High prices for little available.

Other Questions
A highway speed limit is posted as 90 km/hr. Is this average speed or instantaneous speed? Explain your answer. Which number would make this number sentence true? (3 + 2) x ? = 5 x 8 1. What are the two different sources ofself-talk? Why did Mirabeau B. Lamar send soldiers and settlers to the Santa Fearea? Why would Germany be upset with demilitarization? 1. They really liked having the parades 2. They would feel vulnerable to attack from their neighbors 3. They would not be able to join military alliances 5. By about how much did average global temperatures increase from 1880 to2020?* Complete this analogy. Then describe the type of relationship between the words in each word pair. Be sure that your response includes the missing termPassageopen : shut as high : ________ 1 Invasive plant species affect the interactions of living and nonliving componentsof an ecosystem, so the removal of invasive plants is often necessary. The goal ofmost plant-control methods is to disrupt or inhibit the function of different plantsystems. For example, insects can be used to chew through roots in order toreduce a plant's ability to absorb water.Which of these functions would be most immediately affected by a reduction in wateruptake by roots?A Disease resistanceB Seed dispersalC Sunlight absorptionD Photosynthesis 3. What could explain this distribution of Mesosaurus fossils? PLS HELP I'LL MARK BRAINLEST How did trade networks and migration influence the development of African Civilization? What word completes the analogy?Word is to sentence as knuckle is to _________.A.knewB.jointC.neckD.fingerSOMEBODY PLS ANSWER I'M STUCK FOR ABOUT 30 MINUTES PLS HELP ME ASAP Help me with this circle question What is the result when 6x3 + 11x2 + 9x + 2 is divided by 3x + 1? my brother needs help asap and i dont know what to do can yall help me and him on this??? pls 14 is 33 1/2% of what number? What is the purpose of the rule of law?A. To establish CommunismB. To create a failed stateC. To eliminate tariffsD. To ensure that a society stays together 121/2% in to a fraction let m be a positive integer with n bit binary representation an-1 an-2 ... a1a0 with an-1=1 what are the smallest and largest values that m could have What is the value of j?___