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The manager of Thyme Hotel determined the following costs for 2 0 2 0 . Room Operating Costs $ 2 , 1 2 5 ,
The manager of Thyme Hotel determined the following costs for
Room Operating Costs $
Depreciation Expense $
Property Taxes Expense $
Management Salaries $
Other Operating Costs $
Total Operating Costs $
Thyme Hotel has rooms with an average occupancy rate of It operates 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 Thyme Hotel?
Round your answer to decimal places.
Breakeven Room Rate: Answer
c What is the minimum daily revenue?
Round your answer to decimal places.
Minimum Daily Revenue: Answer
d If Thyme Hotel has two different sized rooms, square feet and square feet, what would be the minimum rate to charge for those rooms if there are squarefoot rooms?
Round square feet to the nearest whole number.
Round room rates to decimal places.
Total Square Feet: Answer
Total Square Feet Sold: Answer
Small Room Rate: Answer
Large Room Rate: Answer
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