Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 3 A hotel manager is preparing a revenue budget for May 2021. The following is the manager's April 2021 actual operating results. ACTUAL OPERATING
Question 3 A hotel manager is preparing a revenue budget for May 2021. The following is the manager's April 2021 actual operating results. ACTUAL OPERATING RESULTS CURRENT MONTH Revenue Source Number of Guests Average Sale per Sales Guest 3492 $20.50 515 $12.00 Restaurant Lounge Banquet room Total $71,586 $ 6,180 $11,058 388 $28.50 4395 $20.21 $88,824 Create the revenue forecast for May 2021 based on the following assumptions. A. Restaurant guest counts will be 3,600 with an average sale per guest of $21.00. B. Lounge guests to be served are estimated at 525 with a 10 percent increase in average sale per guest. C. The banquet room will serve 425 customers and generate $12,750 in sales
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