Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

URGENT (NEED ALL ANSWERS, PLEASE) Question 22 (1 point) If the total potential revenue for a fully booked 150 room hotel is $5,420,250, and the

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
URGENT
(NEED ALL ANSWERS, PLEASE)
Question 22 (1 point) If the total potential revenue for a fully booked 150 room hotel is $5,420,250, and the actual revenue is $3,794,175, calculate the hotel?s yield. 70.00% 143.00% 42.90% 14.20% Question 23 (1 point) Billy Joe?s had sales last year of $200,000 and a guest count of 75,000. This year. sales were $225,000 with a total guest count of 80,500. What was Billy Joe?s guest count variance? $5,500 ($5,500) $25,000 ($25,000) Question 26 (1 point) If a hotel has total revenues of $2,750,000 with an ADR of $125 and an occupancy rate of 68%, calculate RevPAR for the hotel. $60.27 $149.60 $220.00 $85.00 Question 31 (1 point) The Magnolia Hotel was originally purchased for $7,500,000. It has 150 rooms, and had total revenues of $3,794,175 last year. Using the $1 per $1,000 rule, what should be the hotel?s target ADR? $164.71 $25.30 O $66.70 $50.00 Saved Question 32 (1 point) Assuming the gross operating profit of the hotel for this year is $2,100,000 and last year it was $1,985,000. Total revenues this year are $3,794,175 and last year revenues were $3,423,000. Calculate the flow-through for the hotel. 0.31 (0.31) 3.23 (3.23)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Find the derivative of y= cos cos (x + 2x)

Answered: 1 week ago