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11 months ago
In the past year, the Greenwood Hotel had room sales of $1,600,000, fixed costs of $400,000, and total variable costs of $800,000. a) At what sales figure would Greenwood have broken even last year? b) If room prices increase by 15% in the year ahead (but all variable and fixed costs remain the same), how much (in $) will the net income increase? c) If fixed costs are 10% lower in the year ahead (but sales and variable costs remain the same as last year), how much (in $) will the net income increase? d) If variable costs are 10% higher in the year ahead (but sales and fixed costs remain the same as last year), how much (in $) will the net income decrease?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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TAE29TAE29
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