Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Pauline Cooper is the controller at the Cedar Creek Lodge. There are 400 rooms in her property. The front office manager has supplied Pauline

4. Pauline Cooper is the controller at the Cedar Creek Lodge. There are 400 rooms in her property. The front office manager has supplied Pauline with occupancy and ADR forecasts for April, May, and June of this year. The F&B director has informed Pauline that total food and beverage sales are averaging $28.50 per room sold. Pauline has summarized the information she will utilize in her budgeting as follows: Rooms available F&B sales per occupied room 400 $28.50 Help Pauline prepare a budget for total rooms revenue, and F&B revenue, for the April through June accounting period by completing the chart Pauline has developed, and then answer the questions that follow. Month Occupancy Forecast (%) ADR Forecast ($) Rooms Revenue Forecast ($) F&B Forecast ($) Total Revenue Budget ($) April 80.50 185.00 May 88.00 192.50 June 92.75 198.00 Total second quarter a. What amount should Pauline budget for rooms revenue for the April through June accounting period? b. What amount should Pauline budget for F&B revenue for the April through June accounting period? c. What amount should Pauline budget for combined rooms revenue and F&B revenue for the April through June accounting periodimage text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Financial Accounting

Authors: Anne Marie Ward, Andrew Thomas

9th Edition

1526803003, 978-1526803009

More Books

Students also viewed these Accounting questions

Question

What has been your desire for leadership in CVS Health?

Answered: 1 week ago

Question

Question 5) Let n = N and Y Answered: 1 week ago

Answered: 1 week ago