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need help PLEASE! (15 Marks) 6. A proposed budget Inn, Beans Inn, is scheduled to open in two months. The owner Mr. Beans seeks your

need help PLEASE! image text in transcribed
(15 Marks) 6. A proposed budget Inn, Beans Inn, is scheduled to open in two months. The owner Mr. Beans seeks your advice on pricing. He provides you information as follows: $1,000,000 20 percent 20 percent $2,000,000 10 percent Mr. Beans investment Mr. Beans desired ROI Mr. Beans marginal tax rate Funds borrowed Interest Rate Forecasted annual costs: Other fixed charges Management fees Rooms department expense Undistrbuted operating expense $400,000 5 percent of room sales 20 percent of rooms sales $ 100,000 Assume that Beans Inn has 100 guest rooms, and it expects to have paid occupancy of 80 percent Required Determine the required Average Daily Rate (ADR) nterest Expense Total Revene Total Rooms Sold for the year- ADR S ed States)

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