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Jessie Jones has just been named the general manager of the Balmour Hotel. The hotel has 300 rooms and a full-service restaurant. January 1 of
Jessie Jones has just been named the general manager of the Balmour Hotel. The hotel has 300 rooms and a full-service restaurant. January 1 of this year is her first day of work and Jessie has received the following information regarding the property's December of last year operating results: Balmour Hotel Room revenue: 945,000 Rooms sold: 6,300 Rooms available for sale: 9,000 Restaurant cost of goods sold: 50,880 Restaurant revenue: 169,600 Property net income: 222,920 Property total sales: 1,114,600 (a) ADR (b) |Occupancy % (c) |RevPAR S (d) Restaurant product cost % (e) Property profit margin What was the hotel's average daily rate (ADR) for June? Circle your response accordingly. $130.00 $140.00 $150.00 $120.00 What was the hotel's occupancy percentage for June? 80.0% 65.0% 60.0% 70.0% What was the hotel's RevPAR for June? $105.00 $100.00 $110.00 $115.00What was the restaurant product cost percentage for June? 29.0% 30.0% 32.0% 28.0% What was the property's profit margin for June? 21.0% 19.0% 18.0% 20.0% Straight Line Depreciation - Complete below table as required. Business Van's Expense $ 60,000 Straight Line Depreciation Year Expense Amount Balance Sheet Value 1 $ $ 2 S S 3 4 5 $0.00 Adam invested $5,000,000 cash in the motel. Complete below Entries as required: Cash Owners' Equity
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