Question
A 192-room hotel in year 2008 recorded total revenues of $7,537,000 and its GOP was 31.4% of total revenue. Its department costs were 43.9% and
A 192-room hotel in year 2008 recorded total revenues of $7,537,000 and its GOP was 31.4% of total revenue. Its department costs were 43.9% and undistributed operating expenses were 24.7% of total revenue. What is the new GOP percentage for year 2009 if the hotel's total revenue increased 5.8%, the departmental cost percentage increased 3.2% and undistributed operating expenses increased an additional $49,600 from year 2008?
Year 2009: Total revenue (round to a whole number) $___
Year 2009:Dept. costs (round to two decimal points) $___
Year 2009: Undistributed costs (round to a whole number) $___
Year 2009:GOP (round to two decimal points) $___
Year 2009: GOP% (round to one decimal point) ___%
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