Question: 2. The Elegant Dump Inn has the below results for the month of August: Rooms Sold: 3441 Occupancy %: 74% ADR: $220 Profit Margin:

2. The Elegant Dump Inn has the below results for the month of August: Rooms Sold: 3441 Occupancy %: 74% ADR: $220 Profit Margin: 12% How many rooms does the hotel have? How much Revenue was generated in August? What was the Rev PAR? How much net income was generated in August? 3. The Elegant Dump Inn has the below ratios: Return on Equity: 10% Total Asset Turnover: 1.5 Profit Margin: 5% Total Assets are $5,000,000 and the numbers on the balance sheet have remained constant for the last 2 years. What are the Inn's annual sales? What are the Inn's net income? What is the amount of the Inn's total debt (liabilities)?

Step by Step Solution

★★★★★

3.52 Rating (149 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To calculate the number of rooms Occupancy Rooms Sold Total Number ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

A marketing study of 800 adults in the 18 34 age group reported the following information: Spent less than $ 100 but more than $ 0 on childrens clothing per year: 50 responses Sspent $ 100$ 499.99...

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Chapter 5 Homework Review Questions 1. What is leverage and why might an owner want to maximize theirs? 2. The Elegant Dump Inn has the below results for the month of August: Rooms Sold: 3441...

In this chapter, we discussed the ROE profit driver (or DuPont model). Using that framework, find the missing amount in each case that follows: Case 1: ROE is 10 percent; net income is $200,000;...

Kenisha Morgan owns and operates Morgan's Furniture Emporium, Inc. The balance sheet totals for assets, liabilities, and owner's equity at August 1, 2010, are as indicated. Described here are several...

DeAnne Company produces a single product. The company's variable costing income statement for August appears below: The company produced 35,000 units in August and the beginning inventory consisted...

Bank Reconciliation and Adjusting Entries Aragon Company has just received the August 31, 2010, bank statement, which is summarized below. The general ledger Cash account contained the following...

Cottonwood Company reports the following operating results for the month of August: sales $400,000 (units 5,000); variable costs $210,000; and fixed costs $90,000. Management is considering the...

Write the name the special types of wills.

Sunny Company manufactures and sells several different kinds of soft drinks. Direct materials (sugar syrup and artificial flavor) are added at the beginning of production in the Mixing Department....

All of the following statements are true except: Group of answer choices over a third of procurement officers use auctions to procure goods. auctions constituted a significant part of B 2 B e -...

You are given a positive integer consisting only of digits 6 and 9. Find the maximum value that can be achieved by turning AT MOST one-digit upside down. For example, given 696: Turning the first 6...

A cylindrical part is warm upset forged in an open die. D. = 50 mm and h, = 40 mm. Final height = %3! 20 mm. Coefficient of friction at the die -work interface = 0.20. The work material has a flow...

A furniture manufacturer produces tables and chairs at two plants. The tables and chairs have the following resource requirements. The products require different production times (in hours) and costs...

In cell C11 of Excel, enter a formula to reference the date stored in cell B7. Insert a nested function in cell C12 to calculate the date for the next payment. Nest the YEAR, MONTH, and DAY functions...

Colin brags to his friend Reid that his new bike shop has lots of parking and great visibility from Harper Avenue, and his nearest business neighbors are several hundred feet away. Colin has selected...

2. The Elegant Dump Inn has the below results for the month of August: Rooms Sold: 3441 Occupancy %: 74% ADR: $220 Profit Margin: 12% How marry rooms does the hotel have? How much Revenue was...

1. What is leverage and why might an owner want to maximize theirs? 2. The Elegant Dump Inn has the below results for the month of August: Rooms Sold: 3441 Occupancy %: 74% ADR: $220 Profit Margin:...

3. The Elegant Dump Inn has the below ratios: Retum on Equity: 10% Total Asset Turnover: 1.5 Profit Margin: 5% Total Assets are $5,000,000 and the numbers on the balance sheet have remained constant...

3. The Elegant Dump Inn has the below ratios: Return on Equity: 10% Total Asset Turnover: 1.5 Profit Margin: 5% Total Assets are $5,000,000 and the numbers on the balance sheet have remained constant...

What is leverage and why might an owner waThe Elegant Dump Inn has the below results for the month of August: Rooms Sold: 3441 Occupancy %: 74% ADR: $220 Profit Margin: 12% How many rooms does the...

2. The Elegant Dump Inn has the below results for the month of August: Rooms Sold: 3441 Occupancy %: 74% ADR: $220 Profit Margin: 12% How many rooms does the hotel have? How much Revenue was...