Business, 24.06.2020 22:01 Alienchild239
John Beckett Beckett is the managing partner of a business that has just finished building aâ 60-room motel. Beckett Beckett anticipates that he will rent these rooms for 12 comma 500 12,500 nights next yearâ (or 12 comma 500 12,500 âroom-nights). All rooms are similar and will rent for the same price. Beckett Beckett estimates the following operating costs for nextâ year:
Variable operating costs $3 per room night
Fixed costs
Salaries and wages $182,000
Maintenance of building and pool 50,000
Other operating and administration costs 153,000
Total fixed costs 385,000
Required:
What price should Beckett charge for a room-night? What is the markup as a percentage of the full cost of a room-night?
Answers: 2
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Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.
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Answers: 3
John Beckett Beckett is the managing partner of a business that has just finished building aâ 60-roo...
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