Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Flaine Ware owns her own non-franchised full-service hotel. Her competition is intense, so Elaine very carefully monitors the financial performance of her property. Ratios are

image text in transcribed
image text in transcribed
image text in transcribed
Flaine Ware owns her own non-franchised full-service hotel. Her competition is intense, so Elaine very carefully monitors the financial performance of her property. Ratios are essential to the management decisions she makes. Use the following information to calculate Elaine's operating ratios. The figures are based on one day's operation 252 Chapter 6 Ratio Analysis HOT Total Rooms Room Available for Sale Rooms Occupied and sold Number of Guest Housekeeping Costs Rooms Revenue Total Revenue from Hotel Guests $2,170 $17.00 $55,000 $2.700 $900 $3.000 180 150 1500 $1.260 RESTAURANT Food Sales Beverage Sales Total Sales Number of Gueste (Cover) Sold Number of Seats in the Restaurant Available Seat Hours Labor Cost Food Beginning Inventory Purchases Ending Inventory Transfers Out Transfers In Employee Meals $5,000 $4,565 $200 $100 595 Beverage Beginning Inventory Purchases Ending Inventory Transfers Out Transfer In $7.000 $250 $7.188 $100 $200 Calculate the following: HOTEL Occupancy Percentage Average Daily Rate (ADR) RevPAR RevPAC Housekeeping CPOR RESTAURANT Check Average Seat Turnover Rey PASH Cost of Food Sold

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

Im A Auditor If You Dont Want A Sarcastic Answer Dont Ask A Stupid Question

Authors: Tim Hansen

1st Edition

B088Y3ZP2D, 979-8618443227

More Books

Students also viewed these Accounting questions