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please help me4 A hotel has 120 rooms. It has 86% occupancy and an average daily rate (ADR) of $125 in April and is forecasting
please help me4
A hotel has 120 rooms. It has 86% occupancy and an average daily rate (ADR) of $125 in April and is forecasting 88% occupancy and an average daily rate (ADR) of $130 for May. Hotel's collection pattern for sales is as follows: 15% of sales are cash and the remaining 85% are invoiced to tour groups. For credit sales, 60% is collected in the month of sale and 40% is collected in the month following the sale How much is the hotel's forecasted Revenue in May? O a $452,865 O b. $452,658 Oc$425,856 Od $425,568 Step by Step Solution
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