SOAL PRICING – 2
MOTEL X's,
a 100 room property constructed in 20x1 for $ 680,000 has just been purchased
by a new firm, Lodging Limited, which is considering the Motel’s pricing
structure. The motel was purchased with
$ 800,000 of long-term debt and $ 400,000 equity. Lodging Limited is in the 40% tax bracket and
requires a 15% return on its equity investment.
The accountant for Lodging Limited has estimated annual fixed charges
and undistributed operating expenses to be $ 600,000 and annual rooms
department expenses of $ 168,700 when occupancy is 68%. There are no other operated departments and
any other income is deemed immaterial.
Assume that the motel will operate 365 days during the year and have a
68 % room occupancy.
REQUIRED :
Determine the average room rate by the
Hubbart Formula ?
Oke mari kita bahas soal,, Diketahui dari data tersebut
adalah
- Jumlah kamar 100 rooms,
- Total dana yang di butuhkan $800.000 dan mendapat pinjaman sebesar $400.000 dari bank, jadi total dana yg di investasikan pemilik yakni sebesr $400.000, dan investor ingin 15% dari dana yang dia keluarkan menjadi EAT ( Earning After Tax—pendapatan setelah pajak---),
- Dan pajak pendapatan sebesar 40%
- Diasumsikan Occupancy motel X 68% per tahun,,
- Room expenses sebesar $168.700
- Undiributed expenses’y $600.000
EAT 15% X $400.000 $60.000
Tax 40% $40.000 +
EBIT $100.000
Fix Charge & Undistr. Epx $600.000 +
GOP $700.000
Room Exp. $168.700 +
Req.
Room rev. $868.700
Rumus Average Room
Rate = Required rooms revenue
Estimated
room sold
Estimated room sold = $868.700 = $
35
68%X100X365
Jadi Harga kamar yang harus di jual untuk mendapakan profit
$ 60.000 dari uang investor yang di keluarkan adalah $ 35…
Catatan : ( mungkin anda binggung dmna mendapatkan Tax
40.000? caranya yakni 60.000 di bagi
dengan 60 %, kenapa 60%? Karena Tax kan
40%, total 100%, jadi bila taX25%, jadi sisa pembagi adalah 75%, dan begitu
seterunya)
Bollywood Casino: Get A Chance at 5 Star-Studded Live Casino
ReplyDeleteBollywood Casino is a popular name in the online gambling industry. And it has a lot kirill-kondrashin to offer 카지노 to casino players and visitors alike. The Bollywood Casino