The manager of Sage Hotel determined the following costs for 2020. Room Operating Costs $2,131,000 Depreciation...

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The manager of Sage Hotel determined the following costs for 2020. Room Operating Costs $2,131,000 Depreciation Expense $890,000 Property Taxes Expense $359,000 Management Salaries $455,000 Other Operating Costs $1,969,000 Total Operating Costs $5,804,000 Sage Hotel has 220 rooms with an average occupancy rate of 95%. It operates 365 days per year. Do not enter dollar signs or commas in the input boxes. a) Determine the number of rooms to be sold during the year. Round your answer to the nearest whole number. Rooms to be Sold: b) Based on the above information, what is the breakeven room rate for Sage Hotel? Round your answer to 2 decimal places. Breakeven Room Rate: c) What is the minimum daily revenue? Round your answer to 2 decimal places. Minimum Daily Revenue: d) If Sage Hotel has two different sized rooms, 300 square feet and 400 square feet, what would be the minimum rate to charge for those rooms if there are 100 300-square-foot rooms? Round square feet to the nearest whole number. Round room rates to 2 decimal places. Total Square Feet: Total Square Feet Sold: Small Room Rate: Large Room Rate: The manager of Sage Hotel determined the following costs for 2020. Room Operating Costs $2,131,000 Depreciation Expense $890,000 Property Taxes Expense $359,000 Management Salaries $455,000 Other Operating Costs $1,969,000 Total Operating Costs $5,804,000 Sage Hotel has 220 rooms with an average occupancy rate of 95%. It operates 365 days per year. Do not enter dollar signs or commas in the input boxes. a) Determine the number of rooms to be sold during the year. Round your answer to the nearest whole number. Rooms to be Sold: b) Based on the above information, what is the breakeven room rate for Sage Hotel? Round your answer to 2 decimal places. Breakeven Room Rate: c) What is the minimum daily revenue? Round your answer to 2 decimal places. Minimum Daily Revenue: d) If Sage Hotel has two different sized rooms, 300 square feet and 400 square feet, what would be the minimum rate to charge for those rooms if there are 100 300-square-foot rooms? Round square feet to the nearest whole number. Round room rates to 2 decimal places. Total Square Feet: Total Square Feet Sold: Small Room Rate: Large Room Rate:

Answer rating: 100% (QA)

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