The X hotel desires to earn after-tax income of $150,000 in 2021. Its average daily rate (ADR) is $70, and its variable costs per room sold equal $40. Its annual fixed costs total $160,000, and its average tax rate is 25%. How many rooms must be sold in order to achieve the desired profit level?

Answer rating: 100% (QA)

To determine the number of rooms that need to be sold to achieve the desired profit level we can us... View the full answer