Last night a hotel achieved an ADR of $220.00 and total rooms revenue of $66,000. The hotel

Question:

Last night a hotel achieved an ADR of $220.00 and total rooms revenue of $66,000. The hotel has 400 rooms available for sale. What was the hotel’s occupancy percentage last night?

a. 75%

b. 80%

c. 85%

d. 70%

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

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting for the Hospitality Industry

ISBN: 978-1119386223

2nd edition

Authors: Lea R. Dopson, David K. Hayes

See More Books

Question Posted: Apr 30, 2018 12:33 AM

See More Questions

You, CA, have been working for Plener and Partners, Chartered Accountants (P&P), a mid-size CA firm, for three years. You have been assigned a new project for a long-term client of your firm, Oxford...
Last night a hotel achieved an ADR of $120.00 and total rooms revenue of $18,000. The hotel has 400 rooms available for sale, but 25 were out-of-order last night. What was the hotels RevPAR last...
Last night a hotel achieved an ADR of $175.00 and total rooms revenue of $35,000. The hotel had 400 rooms available for sale last night. The hotels gross operating profit last night was $20,000. What...
Two ball bearings from different manufacturers are being considered for a certain application. Bearing A has a catalog rating of 2.0 kN based on a catalog rating system of 3 000 hours at 500 rev/min....
Suppose you are an I/O Consultant, and advises to the manager or CEO about sexual harassment at the work place issue directly relating to their organization. Research a specific topic related to I/O...
Just as you describe curves in the plane parametrically with a pair of equations x = (t), y = g(t) defined on some parameter interval I, you can sometimes describe surfaces in space with a triple of...
How are basic and diluted earnings per share computed for business combinations? LO4
An object with mass 0.200 kg is acted on by an elastic restoring force with force constant 10.0 N/m. (a) Graph elastic potential energy U as a function of displacement x over a range of x from -...
The Accounts Receivable balance on September 30 was $80,000
In this section's Application Preview, we considered the investment strategies of twins and found that starting early and stopping was a significantly better strategy than waiting, in terms of total...
Larry and Mary are two hotel managers who operate franchised selectservice hotels in neighboring cities. While attending their franchisors annual general managers meeting, they struck up a...
A hotel is open 365 days per year. It has 125 rooms available for sale. Last year the hotel sold 34,450 rooms. What was the hotels occupancy percentage last year? a. 75.5% b. 85.5%r c. 55.5% d. 65.5%
Repeat Problem 6-55 for the 4-bit register with parallel load in Figure 6-2. Figure 6-2 Problem 6-55 Write a behavioral Verilog description for the 4-bit register in Figure 6-1(a). Compile and...
Gulf Shore Lawn and Garden Maintenance provides two general outdoor services: lawn maintenance and garden maintenance. The company charges customers $18.0 per hour for each type of service, but lawn...
Two level sections of an east highway (G=0) are to be connected. Currently, the two sections of highway are seperated by a 4000-ft (horizontal distance), 2% grade. The westernmost section of highway...
A solution contains 2 x 10-3 moles Ca2+/L and 3 x 10-4 moles Mg2+/L. Given the formation constants for CaEDTA2- and MgEDTA2- of 1010.6 and 108.7, respecively, calculate: 1) Concentration of MgEDTA2-...
The direct material (DM) price variance is $2,650 favorable and the DM usage variance is $3,000 unfavorable. The budgeted amount of DM for each unit of product is 2 lbs. to be purchased at the...
On January 1, 2023, AMI Corporation purchased the non-cash net assets of Oriole Ltd. for $8,399,900. Following is the statement of financial position of Oriole Ltd. from the company's year- end the...
Torontos Pearson International Airport has a high-speed version of a moving walkway. If Liam walks while riding this moving walkway, he can travel 280 meters in 60 seconds less time than if he stands...
How can you tell from the vertex form y = a(x - h) 2 + k whether a quadratic function has no real zeros?
Design Flooring Carpet Company manufactures carpets. Fiber is placed in process in the Spinning Department, where it is spun into yarn. The output of the Spinning Department is transferred to the...
The Pedersen Company provides advertising services for clients across the nation. The Pedersen Company is presently working on four projects, each for a different client. The Pedersen Company...
The law firm of Yoo and Sachs accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during July: July 3. Charged 500 hours of...
Slow Roll Drum Co. is evaluating the extension of credit to a new group of customers. Although these customers will provide $198,000 in additional credit sales, 13 percent are likely to be...
Wendell's Donut Shoppe is investigating the purchase of a new $39,600 conut-making machine. The new machine would permit the company to reduce the amount of part-time help needed, at a cost savings...
1.Discuss the challenges faced with Valuing Stocks and Bonds. As part of this discussion, how will the selected item be implemented in an organization and its significance? 2. Discuss how Valuing...

Last night a hotel achieved an ADR of $220.00 and total rooms revenue of $66,000. The hotel

Question:

Step by Step Answer:

Managerial Accounting for the Hospitality Industry

Students also viewed these Business questions