Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Required Revenues # of rooms Forecasted Occupancy Operating Days Required Room Nights Sold Required ADR 75 56.5% 365 The ACC Inn would like to now

image text in transcribed

Required Revenues # of rooms Forecasted Occupancy Operating Days Required Room Nights Sold Required ADR 75 56.5% 365 The ACC Inn would like to now figure out what ADR they need to achieve in order to reach their required revenues. They have forecasted that they will be able to achieve a 56.5% Occupancy for the year and they are open 365 days a year. Using this information, help the Inn discover what their required ADR needs to be to reach their revenue goal. Required Revenues # of rooms Forecasted Occupancy Operating Days Required Room Nights Sold Required ADR 75 56.5% 365 The ACC Inn would like to now figure out what ADR they need to achieve in order to reach their required revenues. They have forecasted that they will be able to achieve a 56.5% Occupancy for the year and they are open 365 days a year. Using this information, help the Inn discover what their required ADR needs to be to reach their revenue goal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Taxation Of Individuals And Business Entities 2015

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

6th Edition

9780077862367

Students also viewed these Accounting questions

Question

=+d) What do you conclude?

Answered: 1 week ago