AP-17A LO 4 The manager of Paisley Hotel determined the following costs for 2020. Room Operating costs Depreciation Expense Property Taxes Expense Management Salaries Expense Other Operating Costs Total Operating Costs $1,963,000 1,000,000 325,000 400,000 1.950,000 $5,638,000 Paisley Hotel has 200 rooms with an average occupancy rate of 90%. It operates 365 days per year. Required a) Determine the number of rooms to be sold during the year. b) Based on the above information, what is the breakeven room rate for Paisley Hotel? 136 Pricing Methods Chapter 5 c) What is the minimum daily revenue? d) If Paisley Hotel has two different sized rooms, 300 square feet and 400 square feet, what would be the minimum rate to charge for those rooms if there are 120 300-square-foot rooms? AP-17A LO 4 The manager of Paisley Hotel determined the following costs for 2020. Room Operating costs Depreciation Expense Property Taxes Expense Management Salaries Expense Other Operating Costs Total Operating Costs $1,963,000 1,000,000 325,000 400,000 1.950,000 $5,638,000 Paisley Hotel has 200 rooms with an average occupancy rate of 90%. It operates 365 days per year. Required a) Determine the number of rooms to be sold during the year. b) Based on the above information, what is the breakeven room rate for Paisley Hotel? 136 Pricing Methods Chapter 5 c) What is the minimum daily revenue? d) If Paisley Hotel has two different sized rooms, 300 square feet and 400 square feet, what would be the minimum rate to charge for those rooms if there are 120 300-square-foot rooms