subject
Business, 18.06.2020 05:57 bryn2433

The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented out for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month Occupancy- Days Electrical Costs
January 3,250 $9,660
February 3,470 $10,185
March 3,660 $10,360
April 1,760 $6,160
May 1,350 $4,725
June 4,350 $11,575
July 3,280 $9,765
August 1,610 $5,635
September 700 $2,450
October 1,300 $4,550
November 1,640 $5,740
December 2,220 $7,770
Required:
1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day.
2. What other factors other than occupacy-days are likely to affect the variation in electrical costs from month to month?

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 10:30, abigail251
Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)
Answers: 1
image
Business, 22.06.2019 12:00, jybuccaneers2022
Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund
Answers: 1
image
Business, 22.06.2019 23:10, najsha
Which of the following best explains the purpose of a strike? a. to pressure employers to increase the minimum wage. b. to make sure that producers don't make any profit. c. to get employers to submit to collective bargaining. d. to prevent employers from taking industrial action.
Answers: 2
image
Business, 23.06.2019 02:00, Reagan650
Heyak believed that the economy could be hard to measure because
Answers: 2
You know the right answer?
The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the...

Questions in other subjects:

Konu
Mathematics, 22.10.2020 02:01