Answered step by step
Verified Expert Solution
Question
1 Approved Answer
c Take me to the text The manager of Sage Hotel determined the following costs for 2020. Room Operating Costs $2,303,000 $850,000 $363,000 $493,000 Depreciation
c
Take me to the text The manager of Sage Hotel determined the following costs for 2020. Room Operating Costs $2,303,000 $850,000 $363,000 $493,000 Depreciation Expense Property Taxes Expense Management Salaries Other Operating Costs $2,171,000 Total Operating Costs $6,180,000 Sage Hotel has 240 rooms with an average occupancy rate of 75%. It operates 365 days per year. Do not enter dollar signs or commas in the input boxes. a) Determine the number of rooms to be sold during the year. Round your answer to the nearest whole number. Rooms to be Sold: 65700 b) Based on the above information, what is the breakeven room rate for Sage Hotel? b) Based on the above information, what is the breakeven room rate for Sage Hotel? Round your answer to 2 decimal places. Breakeven Room Rate: 94.07 c) What is the minimum daily revenue? Round your answer to 2 decimal places. Minimum Daily Revenue: 16932.6 d) If Sage 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 110 300-square-foot rooms? Round square feet to the nearest whole number. Round room rates to 2 decimal places. Total Square Feet: 85000 Total Square Feet Sold: to search En d) If Sage Hotel has two different sized rooms, 300 square feet and 400 square feet, what woul for those rooms if there are 110 300-square-foot rooms? Round square feet to the nearest whole number. Round room rates to 2 decimal places. Total Square Feet: 85000 Total Square Feet Sold: Small Room Rate: Large Room Rate: Check d) If Sage 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 110 300-square-foot rooms? Round square feet to the nearest whole number. Round room rates to 2 decimal places. Total Square Feet: 85000 Total Square Feet Sold: Small Room Rate: Large Room Rate: Check English Note: The "check button does not submit your attempt. To submit the attempt, go to the end of the quiz and click on the submit all and finish" button 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