Multiple Choice
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 break-even point in number of rooms rented is _____.
A) 30,000 rooms
B) 24,000 rooms
C) 120,000 rooms
D) none of these answers is correct
Correct Answer:
Verified
Correct Answer:
Verified
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