Business, 15.04.2020 19:53 zoelynn7630
Year 1 Year 2 Gross Room Rate $245.00 Direct Costs (35% of GRR) $85.75 Net Room Rate $159.25 Expenses-(Fixed) $60.00 Net Profit $99.25 Profit Margin 40.51% a. Determine the Profit Margin if the Gross Room Rate increases by 15% in year 2. b. In dollar and percentage terms, how much did Net Profit increase in year 2? c. In relative term (% increase), how much did profit margin increase in year 2? d. What would the Gross Room Rate need to be if a Profit Margin of 50% is required? e. What is the relationship between the change in Gross Room Rate and the change in Profit Margin?
Answers: 3
Business, 22.06.2019 20:00, wallsdeandre6927
Richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.
Answers: 3
Business, 22.06.2019 21:20, isabelvaldez123
Which of the following best describes vertical integration? a. produce goods or services previously purchasedb. develop the ability to produce products that complement the original productc. develop the ability to produce the specified good more efficiently than befored. build long term partnerships with a few supplierse. sell products to a supplier or a distributor
Answers: 2
Business, 22.06.2019 23:30, cici170
Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.
Answers: 1
Business, 22.06.2019 23:30, bb1593
As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.
Answers: 2
Year 1 Year 2 Gross Room Rate $245.00 Direct Costs (35% of GRR) $85.75 Net Room Rate $159.25 Expense...
Mathematics, 27.06.2019 03:00