Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Create a 100 room hotel, with an initial investment of $2 million and return on investment of 17% and determine appropriate cost for the coming

image text in transcribed
Create a 100 room hotel, with an initial investment of $2 million and return on investment of 17% and determine appropriate cost for the coming year. Determine average room rates and a 3 room mix. With a double rooms being 30% more than single and suites being $70 more than double rooms. Create a 75 seat restaurant with initial investment of $1.5 million and a return of investment of 19% and determine the appropriate cost for the coming year. Determine the average check for lunch and dinner, with the seat turnover for dinner being.75 and lunch being 2.4. Assume that you receive 40% income from lunch and 60% income from dinner. Create a cocktail for a bar, with at least 5 ingredients, determine the selling price for the cocktail, ensuring that the pour cost is 27%. Create a 100 room hotel, with an initial investment of $2 million and return on investment of 17% and determine appropriate cost for the coming year. Determine average room rates and a 3 room mix. With a double rooms being 30% more than single and suites being $70 more than double rooms. Create a 75 seat restaurant with initial investment of $1.5 million and a return of investment of 19% and determine the appropriate cost for the coming year. Determine the average check for lunch and dinner, with the seat turnover for dinner being.75 and lunch being 2.4. Assume that you receive 40% income from lunch and 60% income from dinner. Create a cocktail for a bar, with at least 5 ingredients, determine the selling price for the cocktail, ensuring that the pour cost is 27%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cases In Healthcare Finance

Authors: Louis C. Gapenski

3rd Edition

1567932444, 9781567932447

More Books

Students also viewed these Finance questions