A motel had the following annual sales revenue and average room rate figures for the last five
Question:
A motel had the following annual sales revenue and average room rate figures for the last five years. During this five-year period there were no changes in the number or type of rooms available and the clientele remained basically the same.
Prepare trend index numbers from the average room rates using 100 as the base index number for year
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Hospitality Management Accounting
ISBN: 9780471092223
8th Edition
Authors: Martin G Jagels, Michael M Coltman
Question Posted: