Take-a-Break Travel Company offers spring break travel packages to college students. Two of its packages, a 7-day, 6-night trip to Cancun and a 5-day, 4-night trip to Jamaica, have the following characteristics: Package Specifications Oceanfront room; number of nights Cost Data Meals: Breakfasts Lunches Dinners Scuba diving trips Water skiing trips Airfare (round trip from Miami) Transportation to and from airport Cancun Jamaica 6 4 $73/night 6 4 $10/ea 7 5 $15/ea 6 4 $25/ea 3 2 $93/ea 4 2 $68/ea 1 1 $400 (Cancun), $500 (Jamaica) 1 1 $60 (Cancun), $66 (Jamaica) The Cancun trip sells for $2,100, and the Jamaica trip sells for $1,860, and both packages allow two bags to be checked for free. Required: 1. What are the current profit margins on both trips? 2. Take-a-Break's management believes that it must drop the price of each trip by $118 in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels.

1) Tom Rodgers is the director of purchasing of Dart Industries. Tom is responsible for booking 1,000 rooms per month in the city that houses his company’s corporate office. Tom approaches you, the DOSM/RM of the local Hawthorne Suites hotel, with a proposition. Instead of paying $159.99 per night; your hotel’s normal room rate for corporate travelers, he proposes the following rate structure: Per month Room Rate 1 to 100 $159.99 101 to 400 $139.99 401 to 600 $119.99 601 to 1,000 $109.99 A. Calculate the room revenue your hotel would receive if Tom booked: Room Purchased ADR    Total Revenue 250 rooms Q1 Q2 350 rooms Q3 Q4 401 rooms Q5 Q6   B. Assume the variable cost associated with selling each room is $65.00. Calculate the “after variable costs” revenue your hotel would receive if Tom booked: Rooms Purchased Variable Cost  @ $65 per room After variable cost Revenue 250 rooms Q7 Q8 350 rooms Q9 Q10 401 rooms Q11 Q12   2) You will find examples of…

Current Attempt in Progress Greer Golf Supplies is an online store that sells two types of golf balls: practice balls and tournament balls. The golf balls are sold in plastic sleeves containing three golf balls. Practice balls sell for $4 per sleeve; tournament balls sell for $12 per sleeve. Owner Carl Rider purchases the golf balls directly from the manufacturer and pays $1 per sleeve for the practice balls and $4 per sleeve for the tournament balls. Fixed costs total $14,000 per month and include Carl's salary, website hosting, and accounting and legal fees. When preparing the sales forecast for the year, Carl assumed he would sell twice as many sleeves of practice balls as tournament balls. Click here to view the Excel dataset. (a) (c1) Your answer is correct. Calculate the annual breakeven point for Greer Golf Supplies. Tournament Sleeves Practice Sleeves eTextbook and Media * Your answer is incorrect. Sales Mix Calculate the actual sales mix for the year. (Round answer to 1…

Take-a-Break Travel Company offers spring break travel packages to college students. Two of its packages, a 7-day. 6-night trip to Cancun and a 5-day, 4-night trip to Jamalca, have the following characteristics Package Specfications Oceanfront roon; nunber of nights Cancun Janaica Cost Data 4. $57/night Meals: Breakfasts $11/ea Lunches Dinners Scuba diving trips Water skiing trips Airfare (round trip from Miami) $16/ea $26/ea 376/ea $51/ea $32e (Cancun), $see (Janaica) $24 (Cancun), $44 (Janaica) Transportation to and from airport The Cancun trip sells for $1,760, and the Jamatco trip selis for $1,520, and both packages allow two bags to be checked for free. Requlred: 1. What are the current profit margins on both trips? 2 Take-a-Break's management belleves that it must drop the price of each trip by $101 in order to remain competitive In the market. Recalculate profit margins for both packages at these price levels.

Analyze Cityscape Hotels Cityscape Hotels has 200 rooms available in a major metropolitan city. The hotel is able to attract business customers during the weekdays and leisure customers during the weekend. However, the leisure customers on weekends occupy fewer rooms than do business customers on weekdays. Thus, Cityscape plans to provide special weekend pricing to attract additional leisure customers. A hotel room is priced at $180 per room night. The cost of a hotel room night includes the following:   Cost Per Room Night(at normal occupancy) Housekeeping service   $23      Utilities   7      Amenities   3      Hotel depreciation   55      Hotel staff (excluding housekeeping)   42      Total   $130      The special weekend price is proposed for $120 per room night. At this price, it is anticipated that average occupancy for the weekend (Friday, Saturday, and Sunday) will increase from 30% to 50% of available rooms. a. What is the contribution margin for a…

Relevant Cost Irrelevant Cost or Benefit Opportunity Cost Sunk Cost or Benefit $40,000 salary from Shelton Anticipated $48,000 salary with an accounting degree Tuition and books for years 1-3 of college Cost to relocate to Seattle Tuition and books for remaining two semesters $19,000 from your part-time job, which you plan to keep until you graduate Cost to rent an apartment in Seattle (assume you are currently living at home with your parents) Food and entertainment expenses, which are expected to be the same in Seattle as where you currently live Increased promotional opportunities that will come from having a college degree

View Policies Current Attempt in Progress James drove 1000 miles for a sales presentation. Standard mileage rate for business-related mileage is $0.56 per mile, medical or moving mileage is $0.16 per mile, and charitable activities mileage is $0.14 per mile. How much is his mileage deduction? $140. $160. O $560, Ⓒ$1000 Save for Later Attempts: 0 of 1 used Submit Answer Question list

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