The hotel has 85 rooms, an average daily rate of $88, and a per occupied room cost of $12. Its fixed costs are $102,000 per month. What is the required occupancy percent to realize a monthly profit of $15,000?

Compute and report the 95% prediction interval for annual profit for a new restaurant in Kamloops with the following characteristics: 15,000 covers, $150k food cost, $85k overhead costs, and $100k labour cost.

A 90-room motel has an average room rate of $64 and average occupancy of 77%. Its fixed costs are $800,000 a year, and its variable costs total $500,000. The owner wants to increase operating income from current level to $250,000. She decides to do the following adjustments: increase price by $6 spend $30,000 more per year on marketing to compensate for the higher room rate To motivate the staff, the owner also set a $2,000 reward to the best employee Send guest fruits to each room, which costs $5 per room How many rooms does she need to sell per night?

A restaurant has 145 seats needs $60,000 to earn the annual interest payment to the bank. Its monthly fixed labor cost is $7,800 along with other annual fixed cost of $270,000. It has a guest check average of $22 and per guest average cost of $15.50. What revenue is needed to cover all costs? What average daily seat turnover will be needed, assuming the operation is closed 3 days a year?