Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

OPERATING AND ACTIVITY RATIOS: ACME Hotel recorded the OPERATING AND ACTIVITY RATIOS: ACME Restaurant recorded following information from last month's operation: the following information from

image text in transcribed
OPERATING AND ACTIVITY RATIOS: ACME Hotel recorded the OPERATING AND ACTIVITY RATIOS: ACME Restaurant recorded following information from last month's operation: the following information from last month's operation: NumberofOperatingDaysperMonthTotalNumberofRoomsSoldNumberofRoomsAvailableTotalRoomsSalesVarlableCostPerRoomMultipleOccupancyPercentage30days3000rooms150perday$225,000$3030%NumberofOperatingDaysperMonthTotalNumberofCustomersServedTotalSalesforthemonthTotalNumberofSeatintheRestaurantTotalVariableCostTotalFixedCostNetProfit30days3,000$36,00070$518,000$9,000$10,800 a. What is the Average Room Rate? a. What is the Average Check? Answer: Answer: b. What is the Occupancy Percentage last month? b. What is the Seat Turnover? Answer: Answer: Answer: Answer: d. If housekeeper wages amounted to 20% of total rooms c. What is the average $ sales per seat DAILY? sales, what is the dollar figure for housekeeper wages? d. What is the net profit margin (\% of total sales)? Answer: Answer: e. What is the RevPar

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

Corporate Governance And Statutory Audit Stakes And Articulations

Authors: Chefick Olagbèyindé Olafa

1st Edition

6204385682, 978-6204385686

More Books

Students also viewed these Accounting questions