Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Which is the formula used to calculate a ratio? Part/Whole-Ratio O Whole / Part-Ratio Part x Whole =Ratio O Whole x Part Ratio Financial leveraging

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Which is the formula used to calculate a ratio? Part/Whole-Ratio O Whole / Part-Ratio Part x Whole =Ratio O Whole x Part Ratio Financial leveraging is defined as the use of debt, reinvested to generate an ROI O greater than the cost of obtaining the debt. less than the cost of obtaining the debt. greater than the amount of the debt. o less than the amount of the debt. A hotel is open 365 days per year. It has 125 rooms available for sale. Last year the hotel sold 34,450 rooms. What was the hotel's occupancy percentage last year? O 85.5% 55.5% O 65.5% O 75.5% 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 occupancy percentage last night? O 75% 80% 85% 70%

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_2

Step: 3

blur-text-image_3

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

Auditing And Accounting On Aix

Authors: IBM Redbooks

1st Edition

0738418501, 978-0738418506

More Books

Students explore these related Accounting questions

Question

2. Define identity.

Answered: 3 weeks ago