Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 4 (20 marks) Rozia Chan has just been named the general manager of the India Hotel. The hotel has 300 rooms and a full-service

image text in transcribed
Question 4 (20 marks) Rozia Chan has just been named the general manager of the India Hotel. The hotel has 300 rooms and a full-service restaurant, November 1 of this year her first day of work and Rozia is reviewing the hotel's operating results from the previous month. Rozia has received the following information regarding the property's November of this year operating results: India Hotel Room revenue: 945,000 Rooms sold; 6.300 Rooms available for sale: 9.000 Restaurant cost of goods sold: 50,880 Restaurant revenue: 169.600 Property net income: 222.920 Property total sales: 1,114,600 ADR Occupancy % (C RevPAR Restaurant product cost % (0] Property profit margin a. What was the hotel's average daily rate (ADR) for November? Answer: h. What was the hotel's occupancy percentage for November? Answer: e. What was the hotel's RevPAR for November? Answer: d. What was the restaurant product cost percentage for November? Answer: F. What was the property's profit margin for November

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

Accounting, The Financial Chapters

Authors: Tracie Miller Nobles

12th Edition

013449041X, 9780134490410

More Books

Students also viewed these Accounting questions

Question

The relevance of the information to the interpreter

Answered: 1 week ago

Question

The background knowledge of the interpreter

Answered: 1 week ago