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2. eTextbook and Media Break-even point 1. If the inn plans on renting an average of 50 rooms per day lassuming a 30-day month), what is (1) the monthly margin of safety in dollars and (2) the margin of safety ratio? (Round ratio to 0 decimal places, eg. 10%) 2. Margin of safety Margin of safety ratio per month $

2. eTextbook and Media Break-even point 1. If the inn plans on renting an average of 50 rooms per day lassuming a 30-day month), what is (1) the monthly margin of safety in dollars and (2) the margin of safety ratio? (Round ratio to 0 decimal places, eg. 10%) 2. Margin of safety Margin of safety ratio per month $

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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2. eTextbook and Media Break-even point 1. If the inn plans on renting an average of 50 rooms per day (assuming a 30-day month), what is (1) the monthly margin of safety in dollars and (2) the margin of safety ratio? (Round ratio to 0 decimal places, eg. 10%) 2. Margin of safety Margin of safety ratio) eTextbook and Media per month $
Transcribed Image Text:2. eTextbook and Media Break-even point 1. If the inn plans on renting an average of 50 rooms per day (assuming a 30-day month), what is (1) the monthly margin of safety in dollars and (2) the margin of safety ratio? (Round ratio to 0 decimal places, eg. 10%) 2. Margin of safety Margin of safety ratio) eTextbook and Media per month $
The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $60 a night. Operating costs are as follows Salaries Utilities Depreciation Maintenance Mald service Other costs $6,050 per month 3,000 per month 1.500 per month 700 per month 9 per room 36 per room Determine the inn's break-even point in (1) number of rented rooms per month and (2) dollars. 1 Break-even point in rooms
Transcribed Image Text:The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $60 a night. Operating costs are as follows Salaries Utilities Depreciation Maintenance Mald service Other costs $6,050 per month 3,000 per month 1.500 per month 700 per month 9 per room 36 per room Determine the inn's break-even point in (1) number of rented rooms per month and (2) dollars. 1 Break-even point in rooms
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