Suppose a Holiday Inn Hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel.Average daily room rents are $50 per room and average variable costs are $10 for each room rented.It operates 365 days per year.If the hotel is completely full throughout the year,what is net income for one year?
A)$(1,188,000)
B)$3,180,000
C)$4,275,000
D)$5,475,000

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The Answer of Suppose a Holiday Inn Hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel.Average daily room rents are $50 per room and average variable costs are $10 for each room rented.It operates 365 days per year.If the hotel is completely full throughout the year,what is net income for one year?
A)$(1,188,000)
B)$3,180,000
C)$4,275,000
D)$5,475,000

Suppose a Holiday Inn Hotel Has Annual Fixed Costs Applicable