Use the following data to answer the next 3 questions. The Glorious hotel generally charges conference organisers $65 per delegate attending a one day conference. It also incurs $10 in variable costs per delegate. Over the last few years it has averaged 80 delegates for each conference sold. Last year the hotel incurred $88,000 of fixed costs and allocated $2,000 to each of the 44 conferences that it hosted.
-If the fixed costs for the hotel are truly $2,000 per conference, how many delegates must be attracted to one of its conferences in order for it to breakeven?
A) 36.36 delegates
B) 42.42 delegates.
C) 54.54 delegates.
D) 78.78 delegates
E) None of the above
Correct Answer:
Verified
Q3: Use this information to answer the
Q4: Use this information to answer the
Q5: In a profit and loss statement that
Q6: Percentage contribution margin ratio is:
A) Sales minus
Q7: Use the following data to answer the
Q9: Use the following data to answer the
Q10: A hotel sells its single room nights
Q11: Break-even is the level of sales where
A)
Q12: Contribution margin is:
A) The surplus of revenue
Q13: Use this information to answer the next
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents