Mostly cloudy Room Operating Costs $2,012.000 Depreciation Expense $964,000 Property Taxes Expense $358,000 Management Salaries $413,000 Other Operating Costs $2,361,000 Total Operating Costs $6,108,000 Thyme Hotel has 250 rooms with an average occupancy rate of 85%. It operates 365 days per year. 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 Thyme Hotel? Round your answer to 2 decimal places. Breakeven Room Rate: c) What is the minimum daily revenue? 

Answer rating: 100% (QA)

To calculate the number of rooms to be sold during the year we need to consider the hotels average o... View the full answer