Question
The management of 80-room Brize Garden Suites, which has single and double rooms only, has acquired the following internal financial data: - Occupancy of 72.00%
The management of 80-room Brize Garden Suites, which has single and double rooms only, has acquired the following internal financial data: - Occupancy of 72.00% - Projected after-tax average ADR of $64.00 - 30.00% of double room occupancy - A price difference of $28.00 more than single rooms for double rooms
Based on the financial information given, calculate the individual ADRs for both single and double rooms for Brize Garden Suites (Note: Round the total number of rooms sold, total number of double rooms, and total number of single rooms to a nearest whole number).
Group of answer choices
ADR of $61.11 for singles and ADR of $89.11 for double rooms.
ADR of $50.44 for singles and ADR of $78.44 for double rooms.
ADR of $55.80 for singles and ADR of $71.42 for double rooms.
ADR of $55.80 for singles and ADR of $83.80 for double rooms.
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