Question
he following are selected items from Pine Hotels most recent financial statements. 2020 2019 Food & Beverage Revenue $1,045,000 $968,000 Room Rental Revenue $3,337,000 $3,120,000
he following are selected items from Pine Hotels most recent financial statements.
| 2020 | 2019 | |
| Food & Beverage Revenue | $1,045,000 | $968,000 |
| Room Rental Revenue | $3,337,000 | $3,120,000 |
| Number of Rooms | 113 | 113 |
| Occupancy Rate | 81% | 77% |
a) Determine the food and beverage sales to room rental revenue percentage for 2019 and 2020.
Do not enter dollar signs or commas in the input boxes. Round the percent of food and beverage revenue to room rental revenue to 1 decimal place.
| 2020 | 2019 | |
| Percent of Food & Beverage Revenue to Room Rental Revenue | Answer % | Answer % |
b) The hotel is open 365 days a year. Determine the sales revenue per available room for 2019 and 2020.
Do not enter dollar signs or commas in the input boxes. Round the sales revenue per available room to 2 decimal places.
| 2020 | 2019 | |
| Sales Revenue per Available Room | $Answer | $Answer |
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
Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
