Suply and demand

  1. When sales go up, Total Fixed Costs (TFC) will go up? Select one:True. False 2. When sales go down, Unit Fixed Cost (UFC) will go up? Select one:True. False 3. Relevant cost is also called sunk cost? Select one:True. False 4.Differential cost is the difference in cost between one course of action and another? Select one:True. False 5. Smitty's Place recorded sales of $40,000 with a profit of $5,000. If the VR is .60, what is TFC? Select one: a.$11,000 b.$24,000 c.$16,000 d.$35,000 6. Walls Bar and Grille has been looking over their operations. They have a USP of $4.00 and there were 12,000 units sold. There was $8,000 in profit and the TFC was $16,000. Calculate the TVC for Walls Bar and Grille. Select one: a.$24,000 b.$48,000 c.$16,000 d.$100,000 7. Walls Bar and Grille has been looking over their operations. They have a USP of $4.00 and there were 12,000 units sold. There was $8,000 in profit and the TFC was $16,000. What sales level, (in $) is needed to obtain a profit of $50,000? Select one: a.$132,000 b.$100,000 c.$112,000 d.$150,000 8.Al Harrington's Wacky Waving Inflatable Arm Flailing Tubeman Warehouse and Emporium recorded the following information from its lunch period: # of Customers80 # of Servers 5 Total Sales$1,150 # of Seats 40 1.What is the average check? 2.What is the Seat Turnover? 3.What is the average dollar per seat? 4.What is the average dollar per server? 5.If the server received an average of 15% in tips from their sales, what is the average tip received by each server? Select all 5 questions : a.$14.38 b.$28.75 c.$34.50 d.2 9. The Aday Lodge is a 120-room property with 60% occupancy. The lodge maintains and ADR of $80. Last month, which has 30 operating days, the hotel recorded the following information: Variable costs. Fixed costs Wages $ 35,900.00 Mortgage $ 20,000.00 Supplies $ 22,740.00. Insurance $ 8,000.00 Utilities $ 13,320.00 Depreciation $ 6,000.00 Miscellaneous $ 5,800.00 Salaries $ 14,000.00 Based on the information above, calculate the following: How much is Total Sales? Select one: a.$172,800 b.$165,000 c.$175,000 d.$170,000 10. The Aday Lodge is a 120-room property with 60% occupancy. The lodge maintains and ADR of $80. Last month, which has 30 operating days, the hotel recorded the following information: Variable costs Fixed costs Wages $ 35,900.00 Mortgage $ 20,000.00 Supplies $ 22,740.00 Insurance $ 8,000.00 Utilities $ 13,320.00 Depreciation $ 6,000.00 Miscellaneous $ 5,800.00 Salaries $ 14,000.00 Based on the information above, calculate the following: Variable Rate * You solved total sales in the previous problem Select one: a. .45 b. .55 c. .30 d. .52 11. The Aday Lodge is a 120-room property with 60% occupancy. The lodge maintains and ADR of $80. Last month, which has 30 operating days, the hotel recorded the following information: Variable costs Fixed costs Wages $ 35,900.00 Mortgage $ 20,000.00 Supplies $ 22,740.00 Insurance $ 8,000.00 Utilities $ 13,320.00 Depreciation $ 6,000.00 Miscellaneous $ 5,800.00 Salaries $ 14,000.00 Based on the information above, calculate the following: Breakeven Dollars *You solved VR in the last problem. Select one: a. $87,272.73 b. $115,384.62 c. $90,786.93 d. $85,325.65 12. The Aday Lodge is a 120-room property with 60% occupancy. The lodge maintains and ADR of $80. Last month, which has 30 operating days, the hotel recorded the following information: Variable costs Fixed costs Wages $ 35,900.00 Mortgage $ 20,000.00 Supplies $ 22,740.00 Insurance $ 8,000.00 Utilities $ 13,320.00 Depreciation $ 6,000.00 Miscellaneous $ 5,800.00 Salaries $ 14,000.00 Based on the information above, calculate the following: Breakeven rooms *You solved BE$ in the last problem. Select one: a. 1,090.91 b. 2,000 c. 1,000 d. 1,500