A small motel operation with 50 rooms has an average yearly occupancy rate of 74%. The forecasted

Question:

A small motel operation with 50 rooms has an average yearly occupancy rate of 74%. The forecasted sales revenue for the coming year is $842,712.

What is the average room rate expected to be?

LO1

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Hospitality Management Accounting

ISBN: 9780471687894

9th Edition

Authors: Martin G Jagels, Catherine E Ralston

See More Books

Question Posted: Jun 21, 2024 09:00 AM

See More Questions

what informtion is not required to be included on form 2 4 4 1?
10Operations Budgeting Chapter 10 Outline Complete Review Questions 1-10 at the end of "HospitalityIndustry Managerial Accounting," Ch. 10 .Types of Budgets Budgeting Horizons Reasons for Budgeting...
I am having a difficult time and I have another one and I am almost done with the class in 2 week Chapter 9: Discussion Questions (Pg 404-405) 2. What are some of the purposes of budgeting? 4....
A ball is attached to one end of a wire, the other end being fastened to the ceiling. The wire is held horizontal, and the ball is released from rest (see the drawing). It swings downward and strikes...
3 (x 2) = 0 Determine whether 2 is a solution of the equation.
Pam Corporation acquired a 75 percent interest in Sun Corporation on January 1, 2016. Financial statements of Pam and Sun Corporations for the year 2016 are as follows (in thousands): Required:...
Completing a worksheet for prorating service department costs and making journal entries. Information for prorating service department costs of the Gettysburg Corporation for July 19X5 is shown on...
Spoilage in job costing. Crystal Clear Machine Shop is a manufacturer of motorized carts for vacation resorts. Peter Cruz, the plant manager of Crystal Clear, obtains the following information for...
The article lists several common mistakes associated with the NPV method, one of which involves the discount rate. With the knowledge that you have acquired from studying Chapter 5, discuss in detail...
Assume a rooms operation had 45 each, 220-square-foot rooms, and 25 each, 160-square-foot rooms with an average 70% occupancy for both types of rooms. Room sales revenue per day of $2,390 is...
A rooms operation reported a total of 18,760 rooms sold, with a total of 23,450 guests in the previous year. What was the double occupancy rate? LO1
Blackmon Company provides locator services to the city transportation departments. Blackmons service involves installing a dedicated hardware transmitter in each city bus. This transmitter provides...
Assume a society consists of two economic groups: one group is rich and the other group is poor. Suppose that 50 percent of the population is rich while the other 50 percent of the population is...
While training for a half marathon, Jordi's velocity varied, as shown on the graph below. Assume the horizontal axis shows the time in hours and the vertical axis shows the velocity in miles per...
Consider a world with two countries, the home country, indexed by H, and the foreign country, indexed by F. The two countries are endowed with K, units of capital, and Li units of labor, where j {H,...
(4%) Problem 22: A block of mass m is located on an inclined plane that makes an angle 0 with the horizontal. The coefficient of kinetic friction between the block and the inclined plane is . The...
Given the *Long Run* marginal and average cost curves below, what output quantity would this firm produce at a price of $6/unit? What output quantity would the firm produce if the price fell to...
A vertical cylinder fitted with a piston contains 10 lbm of R-22 at 50 F. Heat is transferred to the system causing the piston to rise until it reaches a set of stops at which point the volume has...
In Exercises, find the equation of the tangent line at the given point on each curve. 2y 2 - x = 4; (16, 2)

A small motel operation with 50 rooms has an average yearly occupancy rate of 74%. The forecasted

Question:

Step by Step Answer:

Hospitality Management Accounting

Students also viewed these Business questions