Answered step by step
Verified Expert Solution
Question
1 Approved Answer
7.9. The 100 room hotel has three types of rooms with the rates and sales shown below. Determine the annual occupancy and revenue required to
7.9. The 100 room hotel has three types of rooms with the rates and sales shown below. Determine the annual occupancy and revenue required to generate an annual after tax profit of $120,000. The fixed costs average $21,000 per month. The tax rate is 25%. ADR Singles $ 45 Double 55 Triples Unit Sales % 50% 30% 20% 65 The cost of preparing each room is $17 per occupied room
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started