Question
the Verry Place is open 365 days a year and consists of a 100-room hotel with a 50 seat restaurant. The following information is provided.
the Verry Place is open 365 days a year and consists of a 100-room hotel with a 50 seat restaurant. The following information is provided.
1.) of the 100 rooms, 70 are double and 30 are single
2.) doubles are sold for $100 each and singles are sold for $80 each
3.) forecasted occupancy is 70% for doubles and 60% for singles
4.) the average occupancy is 1.6. (only one person stays in a single but two or more may stay in a double for $100 per night)
5.) 40% of those staying in the singles and 20% staying in the doubles eat breakfast in the restaurant. (there are no walk-in business for breakfast.) The average check is $4.8
6.) the lunch and dinner business have seat turnovers and average checks as follows
Lunch
Turnoveravg check
Mon-fri1.25$6.00
Saturday.50$6.50
Sunday1.50$7.00
Dinner
Turnoveravg Check
Mon-fri1.00$10.75
Saturday1.00$12.50
Sunday.50$11.25
Required
1.Forecast the amount of room sales
2.Forecast the amount of breakfast sales
3.Forecast the amount of lunch sales
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