In late January 2 0 0 8 George ray president of restoration resort limited is concerned about
Fantastic news! We've Found the answer you've been seeking!
Question:
In late January George ray president of restoration resort limited is concerned about how he could finance the more than he estimates he needs to convert improve and expand the company's resort facilities the resort has very little cash and George and his wife have about in savings the land on which the resort is located have been in the recovery for over years the unit motel was constructed years ago the Mattel is open year round occupancy of rooms in the peak summer months mid to June to midseptember is but a lower occupancy during the shoulder and winter months reduces annual occupancy to in the winter months the rooms are rented on a monthly basis about years ago a swimming pool was added along with the change house snack bar souvenir shop added space trailer park the trailer park is only only open during the summer months approximately days and during that. It's bases are occupied although losses occurred in the earlier years the resort is now reasonably profitable however the resort has not until now being considered the main business of the Gray family since both George who inherited the resort from his parents years ago and his wife worked at the other jobs and looked at the resort as a part time business it has been increasingly apparent to them that because of The Economic Times they will have to make changes to the resort and work it at a full time if it is to remain successful after considerable thought and discussion that raised decided that the following changes would have to be made to bring the resort up to standard acceptable to today's travelling public.
What if they added eight fully furnished square foot cabins with the potential of additional overnight guests calculate at least four financial ratios and next to each ratio analyze what the ratio means for the resort
Posted Date: