Question
Happy Hotels operates a 100-room property in Palm Harbor, Florida. Occupancy rates average 97% in March and 90% in April. The average room rental rate
Happy Hotels operates a 100-room property in Palm Harbor, Florida. Occupancy rates average 97% in March and 90% in April. The average room rental rate is $150 per night. Expected revenues for April are ________.
A) $405,000
B) $418,500
C) $436,500
D) $450,000
Step by Step Solution
3.37 Rating (129 Votes )
There are 3 Steps involved in it
Step: 1
Given Total room in Hotels Occupuncy rafe in march 97 Occupancy rate in Apseil ...
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Introduction To Business Statistics
Authors: Ronald M. Weiers
7th Edition
978-0538452175, 538452196, 053845217X, 2900538452198, 978-1111524081
