A Bed-And-Breakfast Breaks Even Every Month If They Book 30

question 101

Multiple Choice

A bed-and-breakfast breaks even every month if they book 30 rooms over the course of a month. Their fixed cost is $6000 per month and the revenue they receive from each booked room is $180. What is their variable cost per occupied room?

• A) $130
• B) $140
• C) $148
• D) $160

Understand the implications of cultural differences on ethical standards and practices in international business settings.

Examine the impact of personal and organizational ethics on corporate reputation and legal compliance.

Explore the ethical considerations in managing workplace diversity and maintaining confidentiality.

Assess the role of formal codes of ethics in guiding employee behavior and resolving ethical dilemmas.

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Definitions:

Missing Amounts

Calculations or adjustments made in accounting to determine unknown figures in financial statements due to incomplete records or errors.

Cost of Goods Purchased

The total cost incurred for goods bought for resale or used in production during a specific period, excluding labor and overhead expenses.

Net Purchases

Total purchases minus returns, allowances, and discounts.

Freight-In

Freight-in refers to the shipping cost associated with getting raw materials or inventory to a company, which is added to the cost of goods.