Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the operating efficiency ratio for a hotel, if the total revenue consisted of rooms revenue $3,075,975 and F&B revenue $943,425? The rooms departmental

What is the operating efficiency ratio for a hotel, if the total revenue consisted of rooms revenue $3,075,975 and F&B revenue $943,425? The rooms departmental expenses were 26.4% of rooms revenue and the F&B departmental expenses were 69.6% of F&B revenue; the undistributed operating expenses were 24% of total revenue; management fees represented 4% of total revenue; rent, property taxes & insurance were $401,940; interest and depreciation expenses were $241,164. Your answer needs to be converted to %. You do not need to include $ or % sign in your answer.

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

Corporate Financial Reporting And Analysis

Authors: David Young, Jacob Cohen

3rd Edition

1118470559, 9781118470558

More Books

Students also viewed these Accounting questions