Answer Key: A,C Question 16 of 23 Score: 0 (of possible 4 points) Using the information...

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Answer Key: A,C Question 16 of 23 Score: 0 (of possible 4 points) Using the information below calculate the ADR with the Hubbart Formula. (calculate based on an annual basis) 350 room hotel; 78% estimated occupancy Operating Expenses Desired Profit Undistributed Expenses Fixed Expenses A. $153.47 B. $53.17 C. $96.85 D. $46.16 $1,650,000 $698,000 $1,963,000 $987,000 Question 17 of 23 Score: 4 (of possible 4 points) The Flea Bag hotel fills 850 rooms in the month of June with a rate of $75 a night. In July they raise their rates to $85 and sell 550 rooms. Calculate the level of elasticity and indicate if this is an elastic or inelastic product. A. .04 inelastic B. 2.7 elastic C. 2.7 inelastic D. 0.2 Inelastic Answer Key: A,C Question 16 of 23 Score: 0 (of possible 4 points) Using the information below calculate the ADR with the Hubbart Formula. (calculate based on an annual basis) 350 room hotel; 78% estimated occupancy Operating Expenses Desired Profit Undistributed Expenses Fixed Expenses A. $153.47 B. $53.17 C. $96.85 D. $46.16 $1,650,000 $698,000 $1,963,000 $987,000 Question 17 of 23 Score: 4 (of possible 4 points) The Flea Bag hotel fills 850 rooms in the month of June with a rate of $75 a night. In July they raise their rates to $85 and sell 550 rooms. Calculate the level of elasticity and indicate if this is an elastic or inelastic product. A. .04 inelastic B. 2.7 elastic C. 2.7 inelastic D. 0.2 Inelastic

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The Hubbart Formula for A... View the full answer