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Last night a hotel achieved an ADR of $220.00 and total rooms revenue of $66,000. The hotel has 400 rooms available for sale. What was
Last night a hotel achieved an ADR of $220.00 and total rooms revenue of $66,000. The hotel has 400 rooms available for sale. What was the hotel's occupancy percentage last night? 85% 80% 75% 70% Question 3 (3.4 points) A business has assets of $1,000,000 and liabilities of $600,000. What is the amount of owners' equity in this business? $400,000 $1,600,000 O $1,400,000 $600,000 manager's operation achieved a net income of $82, 517 on total sales of $1,231,300. What was this manager's profit margin? 06.7% 67% 14.9% 1.5% Question 5 (3.4 points) A hotel has daily fixed room cleaning costs of $4,500. The hotel's variable cost for room cleaning is $22.50 per room. What would be the hotel's total room cleaning costs on a day when 175 rooms are to be cleaned? $4,500.00 $3,937.50 $8,437.50 $4,522.50
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