Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A motel has the following annual information (Net indicates revenue after allowances): Rooms revenue (net) $ 926,000 Food revenue (net) 295,342 Beverage revenue (net) 125,222
A motel has the following annual information (Net indicates revenue after allowances):
Rooms revenue (net) $ 926,000
Food revenue (net) 295,342
Beverage revenue (net) 125,222
Cost of food sales 119,683
Paid rooms occupied 16,831
Rooms available (80 daily) 29,200 (80 x 365) Food covers 38,129
Compute the following ratios: Average room rate Occupancy percentage Average food check Food cost percentage
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