Question
At the Doster Hotel the rack rate is $80. The marginal cost per room is $15 and the paid occupancy percentage is 80%. Assume there
At the Doster Hotel the rack rate is $80. The marginal cost per room is $15 and the paid occupancy percentage is 80%. Assume there are 100 guestrooms. Assume rooms are sold at the rack rate.
Daily room revenue:
Rooms Occ % Rack Rate
Daily Room Contribution Margin
(Rooms Occ % Rack Rate) - (Rooms Occ % Marginal Cost)
Answer the following:
What is the daily room revenue?
What is the daily contribution margin?
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Artificial Intelligence In Accounting And Auditing Knowledge Representation Accounting Applications And The Future Volume 3
Authors: Miklos A. Vasarhelyi
1st Edition
1558760784, 978-1558760783
