Question
The manager of Sage Hotel determined the following costs for 2020. Room Operating Costs$2,372,000Depreciation Expense$912,000Property Taxes Expense$361,000Management Salaries$434,000Other Operating Costs$2,255,000Total Operating Costs$6,334,000 Sage Hotel has
The manager of Sage Hotel determined the following costs for 2020.
Room Operating Costs$2,372,000Depreciation Expense$912,000Property Taxes Expense$361,000Management Salaries$434,000Other Operating Costs$2,255,000Total Operating Costs$6,334,000Sage Hotel has 230 rooms with an average occupancy rate of 90%. 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: Answer b) Based on the above information, what is the breakeven room rate for Sage Hotel? Round your answer to 2 decimal places. Breakeven Room Rate: Answer c) What is the minimum daily revenue? Round your answer to 2 decimal places. Minimum Daily Revenue: Answer d) If Sage 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 110 300-square-foot rooms? Round square feet to the nearest whole number. Round room rates to 2 decimal places. Total Square Feet: Answer Total Square Feet Sold: Answer Small Room Rate: Answer Large Room Rate: Answer
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