As part of their application for a loan to buy lakeside


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?

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Operation Management: As part of their application for a loan to buy lakeside
Reference No:- TGS01197750

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