Question: Please explain the correct approach for solving this general accounting question. Suppose Webster Resort has annual fixed costs applicable to its rooms of $3.2 million

Please explain the correct approach for solving this general accounting question.

Suppose Webster Resort has annual fixed costs applicable to its rooms of $3.2 million for its 400-room resort. Average daily room rents are $85 per room, and average variable costs are $22 for each room rented. It operates 365 days per year. If the resort is completely full throughout the year, what is the net income for one year

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