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As part of their application for a loan to buy Lakeside Farm, a property they hope to develop as a bed-and-breakfast operation, the prospective owners have projected: Monthly fixed cost (loan payment, taxes, insurance, maintenance) $6000 Variable cost per occupied room per night $ 22 Revenue per occupied room per night $ 78 a. Write the expression (equation) for total cost per month. Assume 30 days per month. b. Write the expression for total revenue per month. Assume 30 days per month. c. If there are 12 guest rooms available, can they break even (ie, will profit>=0)? What is the profit at full occupancy? d. What percentage of those 12 rooms would need to be occupied, on average, to break even?
Erwick Construction Company contracted to build a house for Charles. The specifications called for the use of Karlene Pipe for all plumbing. Erwick, however, got a better price on Boynton Pipe and substituted the higher quality Boynton Pipe for Karle..
A power plant in California uses coal at rate of 100,000 lbs per day. Illustrate what mode of transportation do you recommend for coal and for MRO materials.
What benefits can be gained from case studies? What dangers, if any, are there in using case studies? In what ways are they useful? Support your answers.
Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2000 units of X which costs $25 each. Storage cost amounts to $5 per unity of average inventory.
Developing a project scheduling is an important phase in project. Sometimes though developing the schedule might not be easy. Do you agree or disagree? Explain why and provide examples.
From the case study, create a nonmonetary strategy that could reduce the amount of turnover experienced by WWW. Support your position with evidence or examples.
What attributes are most important in determining beer purchasing decisions? How does this vary by market segments?
The average annual investment cost of a workstation in New Jersey has been calculated to be $100,000. It has been calculated to be $150,000 in Kentucky.
longstreet inc. has fixed operating costs of 470000 variable costs of 2.80 per unit produced and its product sells for
Huber (2004) wrote on the topic of organizational learning and knowledge acquisition. He noted that a firm or organization's survival is linked to three dependencies, Survival in a dynamic and competitive business environment requires innovation.
Warrenia has two regions. In Oliviland, the marginal benefit associated with pollution cleanup is MB = 300 – 10Q, while in Linneland, the marginal benefit associated with pollution cleanup is MB = 200 – 4Q. Suppose that the marginal cost of cleanup i..
An accountant believes that a company’s cash flow problems are due to outstanding accounts receivable. She claims that 70% of the current accounts receivable is over 3 months old. A sample of 120 accounts receivable revealed 78 over 3 months old. Ver..
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