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8. Bonus: Sophia Kline is the general manager of the 300-room Sunburst Hotel and Conference Center. Each month Sophia creates a forecast or estimate
8. Bonus: Sophia Kline is the general manager of the 300-room Sunburst Hotel and Conference Center. Each month Sophia creates a forecast or estimate of the operating results she feels her hotel will achieve in the coming month. Sophia now has actual operating results for the month of February. She is comparing her actual results with the results she had previously forecast. Calculate the dollar and percentage difference between Sophia's originally forecast results and her actual operating results. Then, answer the questions that follow. a. What would most likely explain why Sophie's rooms expense was higher than her original forecast? b. What would most likely explain why Sophie's food and beverage expense was lower than her original forecast? c. What would most likely explain why Sophie's management fees expense was higher than her original forecast? d. What would most likely explain why Sophie's insurance expense was exactly equal to her forecast?
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