subject
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?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 06:30
If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.
Answers: 3
question
Business, 22.06.2019 08:20
Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above
Answers: 2
question
Business, 22.06.2019 13:00
Explain the relationship between consumers and producers in economic growth and activity
Answers: 1
question
Business, 22.06.2019 17:40
To appeal to a new target market, the maker of hill's coffee has changed the product's package design, reformulated the coffee, begun advertising price discounts in women's magazines, and started distributing the product through gourmet coffee shops. what has been changed? a. the product's perceptual value. b.the product's 4ps. c. the method used in its target marketing. d. the ownership of the product line. e. the product's utility.
Answers: 3
You know the right answer?
Year 1 Year 2 Gross Room Rate $245.00 Direct Costs (35% of GRR) $85.75 Net Room Rate $159.25 Expense...
Questions
question
Mathematics, 28.08.2019 12:30
question
Geography, 28.08.2019 12:30
question
Mathematics, 28.08.2019 12:30
Questions on the website: 13722362