A hotel has 400 rooms. Last night 5 rooms were out of order. Last night the hotel
Question:
A hotel has 400 rooms. Last night 5 rooms were out of order. Last night the hotel sold 300 rooms at an ADR of $215.00. What was the hotel’s RevPAR last night?
a. $163.29
b. $163.25
c. $161.29
d. $161.25
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
Answered By
Stacy kosgei
I offer quality, original and timely services; Highly credible and void of plagiarism. Your success is my pleasure.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
Question Posted:
Students also viewed these Business questions
-
The Winter Garden Hotel has 400 rooms. Every day, the housekeepers clean any room that was occupied the night before. If a guest is checking out of the hotel, the housekeepers give the room a...
-
The Miami Central Hotel has 400 rooms. Every day, the housekeepers clean any room that was occupied the night before. If a guest is checking out of the hotel, the housekeepers give the room a...
-
Last night a hotel achieved an ADR of $120.00 and total rooms revenue of $18,000. The hotel has 400 rooms available for sale, but 25 were out-of-order last night. What was the hotels RevPAR last...
-
Avid Corporation manufactures a sophisticated controller that is compatible with a variety of gaming consoles. Excluding rework costs, the cost of manufacturing one controller is $ 220. This consists...
-
Most companies develop their inventory stocking strategy in an intuitive way. MBA students are much more structured in their thinking. GHI Company has requested an MBA student to help with...
-
A scrap metal dealer claims that the mean of his cash sales is no more than $80, but an Internal Revenue Service agent believes the dealer is untruthful. Observing a sample of 20 cash customers, the...
-
Donald Midkif, a data scientist with Khatri, Inc. has been tasked with determining in which of the largest U.S. cities the products Khatri manufactures and distributes are most popular as measured by...
-
Perform horizontal analysis of the data in the previous table to indicate any potential red flags regarding possible overstatement ofsales. FIVE-YEAR FINANCIAL DATA FOR COMPANY A YEAR I YEAR 2...
-
Gilbert Canned Produce (GCP) packs and sells three varieties of canned produce: green beans; sweet peas; and tomatoes. The company is currently operating at 82 percent of capacity. Worried about the...
-
Two slender rods of negligible weight are pin-connected at C and attached to blocks A and B each of weight W. Knowing that θ = 70o and that the coefficient of static friction between the...
-
A hotel receives a room reservation that indicates the guest making the reservation will pay $200.00 for her one night stay. The hotel pays a 15% travel agent commission for the reservation, and the...
-
As used in the hotel industry, what is another name for ancillary revenue? a. Non-room revenue b. Food and beverage revenue c. Meeting room revenue d. Marketing-related revenue
-
List three properties of a window.
-
Draw up D. Male's statement of financial position as at 30 June 2016 from the following items: Capital 16,300 Equipment 6,800 Accounts payable 8,200 Inventory 7,200 Accounts receivable 6,300 Cash at...
-
Four investment alternatives (A, B, C, and D) are under consideration. The present worth (PW) for each alternative is $187,500, $300,000, $225,000, and $262,500. The payback periods (PP) for the...
-
Describe the construction of a boiler for burning pulverised coal. Explain how this design optimises the temperature, turbulence and time required for good combustion. What are the main emissions...
-
Consider the following three cash flow series: Determine the values of X and Y so that you are indifferent between all three cash flows if your TVOM is 11% per year compounded yearly. End of Year...
-
Oxfams purpose is to help create lasting solutions to the injustice of poverty. As stated in its Memorandum of Association, the objects for which Oxfam is established for the public benefit are: to...
-
What role does the decision made by an Ontario Court of Appeal judge have on a B.C Supreme Court judge?
-
Given that all the choices are true, which one concludes the paragraph with a precise and detailed description that relates to the main topic of the essay? A. NO CHANGE B. Decades, X-ray C. Decades...
-
The investment committee of Shield Insurance Co. is evaluating two projects, office expansion and upgrade to computer servers. The projects have different useful lives, but each requires an...
-
Bath Works Products Company is considering an investment in one of two new product lines. The investment required for either product line is $660,000. The net cash flows associated with each product...
-
Nova Communications Inc. is considering allocating a limited amount of capital investment funds among four proposals. The amount of proposed investment, estimated income from operations, and net cash...
-
MM Corp. has 50,000 shares outstanding with share price of $18. It has debt with market value of $300,000. The equity beta is 1.2 and debt beta is 0.1. The risk-free rate is 2% and the market risk...
-
The market is expected to return 15 percent next year and the risk-free rate is 7 percent. What is the expected rate of return on a stock with a beta of 1.3? The covariance of the market's returns...
-
A stock's current price is 145.05. A put option with an exercise price of 120 and maturity of 3 months is currently priced at $ 28.83. What is the option's time value?
Study smarter with the SolutionInn App