Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Take me to the text The manager of Thyme Hotel determined the following costs for 2020. Thyme Hotel has 250 rooms with an average occupancy

image text in transcribed
image text in transcribed
Take me to the text The manager of Thyme Hotel determined the following costs for 2020. Thyme Hotel has 250 rooms with an average occupancy rate of 85%. It operates 365 days per year. Do not enter dollar signs or commas in the input boxes. a) Determine the number of rooms to be sold during the year. Round your answer to the nearest whole number. Rooms to be Sold: b) Based on the above information, what is the breakeven room rate for Thyme Hotel? Round your answer to 2 decimal nlaces. Breakeven Room Rate: c) What is the minimum daily revenue? Round your answer to 2 decimal places. Breakeven Room Rate: c) What is the minimum daily revenue? Round your answer to 2 decimol places. Minimum Daily Revenue: d) If Thyme Hotel has two different sized rooms, 300 square feet and 400 square feet, what would be the minimum rate to charge for those rooms if there are 110300 -square-foot rooms? Bound square feet to the nearest whole number, Bound room rates to 2 decimal nlaces. Total Square Feet: Total Square Feet Sold: Small Rocm Rate: Large Room Rate

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

The Routledge Handbook Of Responsible Investment

Authors: Tessa Hebb, James Hawley, Andreas Hoepner, Agnes Neher, David Wood

1st Edition

0415624517, 978-0415624510

More Books

Students also viewed these Finance questions

Question

Bring out the limitations of planning.

Answered: 1 week ago

Question

Why should a business be socially responsible?

Answered: 1 week ago

Question

Discuss the general principles of management given by Henri Fayol

Answered: 1 week ago

Question

Detailed note on the contributions of F.W.Taylor

Answered: 1 week ago