Casino Halifax is one of a few licensed Casinos in Atlantic Canada. Because of the high volume of tourist traffic throughout the year, it is one of the most successful (if not largest) casino operations in Canada. Casino Halifax operates

4,000

guest rooms in three hotels. The complex also includes the casino, retail shops, restaurants, nightclubs, a

1,600-seat

entertainment venue, and a large convention facility.

Casino Halifax made headlines when it undertook a $75 million renovation. In 2018, the hotel closed its then-named Privateer's Tower, which was last updated in 2001, and started a major renovation of the 567 rooms housed in that tower. In addition to renovating the existing rooms and suites in the former Roman Tower, 20 guest rooms were added to the tower.Each guest room in the Privateer's Tower features designer furniture, including beds boasting a custom-upholstered headboard, thick carpet, contemporary paint colours, a 55-inch flat-screen TV, and upscale artwork. Each guest room has a stocked minibar, likely offering such standard favourites as gummy bears, candy bars, beer, vodka, water, carbonated soft drinks, chips, and other assorted snacks and beverages. Each bathroom has a double-sink floating vanity, custom-lighted vanity mirrors, a stone shower with two glass sides, and both a rain shower and a hand-held showerhead. In-room toiletries boast the luxurious Gilchrist & Soames-branded soap and shampoo.With the renovation completed, Casino Halifax expects the Privateer's Tower room rate to average around $149 per night. This increase, a $25 or 20.2% increase, reflects, in part, the room improvements.

RequirementWhat types of decisions might the management of Casino Halifax need to make over the next several years? In other words, how might managerial accounting information be useful to the management of Casino Halifax?

Select all that apply.

A.

What is the effect of how we recognize revenue on the guest rooms to our creditors and shareholders?

B.

How does the performance of the tower compare against the budget?

C.

Has the percentage of hotel rooms occupied increased since the renovation?

D.

How will the financial statements be prepared with the renovations now completed?

E.

How does the stocked minibar in each guest room affect the costs compared to a standard minibar?

F.

What is a good occupancy rate for the hotel rooms?