John blodgett is the managing partner of a business that has just finished building a 60 room hotel. blodgett anticipates that he will rent these rooms for 15,000 nights next year (or 15,000 room nights). all rooms are similar and will rent for the same price. blodgett estimates the following opearting costs for next year.
variable opearting costs $5 per room night
fixed costs
salaries and wages $173,000
maintenance of building and pool 52,000
other maintanace and administration costs 150,000
total fixed costs $375,000
the capital invested in the motel is $900,000. the partnership's target return on investment is 25%. blodgett 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.

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

Question 6 of 102 pointswhich situation shows a constant rate of change? oa. the number of tickets sold compared with the number of minutesbefore a football gameob. the height of a bird over timeoc. the cost of a bunch of grapes compared with its weightod. the outside temperature compared with the time of day

True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.