Question: 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

Chapter 5 Homework Review Questions 1. What is leverage and why

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 Occupancy %: 74% ADR: $220 Profit Margin: 12% How many rooms does the hotel have? How much Revenue was generated in August? What was the RevPAR? How much net income was generated in August

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