Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Problem 10 The Verry Place (VP), open 365 days a year, consists of a 100-room hotel with a 50-seat restaurant shop. Sandy Verry provides
Problem 10 The Verry Place (VP), open 365 days a year, consists of a 100-room hotel with a 50-seat restaurant shop. Sandy Verry provides you with the following information: 1. Of the 100 rooms, 70 are doubles and 30 are singles. 2. The doubles are sold for $100 each and the singles are sold for $80 each. 3. Forecasted occupancy is 70 percent for doubles and 60 percent for singles. 4. The average occupancy per room is 1.6. (Only one person stays in a single but two or more may stay in a double for $100 per night.) 5. Forty percent of those staying in the singles and 20 percent of those staying in the doubles eat breakfast in the restaurant. (There is no walk-in business for breakfast.) The average check is $4.80. 6. The lunch and dinner business have seat turnovers and average checks as follows: Lunch Dinner Turnover Mon.-Fri. Avg. Chk. Turnover Avg. Chk. 1.25 Saturday $6.00 1.0 $10.75 0.5 Sunday $6.50 1.0 $12.50 1.5 $7.00 Required: 0.5 $11.25 1. Forecast the amount of room sales for June 20X1. 2. Forecast the amount of breakfast sales for June 20X1. (Assume the first day of June is a Monday.) 3. Forecast the amount of lunch sales for June 20X1. The Mason
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started