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 of $50, and average variable costs of $10 for each room rented. It operates 365 days per year. The amount of net income on rooms that will be generated if the hotel is completely full throughout the entire year is:
A: a. $(1,188,000)
B: b. $4,275,000
C: c. $3,180,000
D: d. $5,475,000
A: a. $(1,188,000)
B: b. $4,275,000
C: c. $3,180,000
D: d. $5,475,000
举一反三
- The room of the hotel costs 280yuan each day.
- What kind of rooms are there in a hotel A: twin room B: queen-size room C: suite D: single room
- Staying in a hotel costs _________ renting a room in a dormitory for a week.
- A firm that shuts down temporarily has to pay A: its variable costs but not its fixed costs. B: its fixed costs but not its variable costs. C: both its variable costs and its fixed costs. D: neither its variable costs nor its fixed costs.
- Staying in the hotel for a day costs as twice much as renting a room in a dormitory for a week.