As Part of Their Application for a Loan to Buy

question 25

Essay

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: $\begin{array} {ll}\text {Monthly fixed cost (loan payment, taxes, insurance, maintenance) }&\$6000\\\text {Variable cost per occupied room per night}&\$20\\\text { Revenue per occupied room per night}&\$75\\\end{array}$
a.Write the expression for total cost per month.Assume 30 days per month.
b.Write the expression for total revenue per month.
c.If there are 12 guest rooms available, can they break even? What percentage of rooms would need to be occupied, on average, to break even?

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Definitions:

Substituted Cyclobutadiene

A derived form of cyclobutadiene where hydrogen atoms are replaced with other atoms or groups, influencing its reactivity and stability.

Computational Methods

Techniques that use computer-based algorithms and simulations to solve complex scientific and mathematical problems.

Resonance Structures

Representations of a molecule where bond arrangements are shown through multiple structures to depict a molecule's electronic structure.

CCC Bond Angles

CCC bond angles refer to the geometric angles between three carbon atoms in a molecular structure, important in determining the shape and properties of molecules.