Sandal and Sand Resort with 250 rooms is located at Desaru, beach, Johor. Due to Malaysia...

 

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Sandal and Sand Resort with 250 rooms is located at Desaru, beach, Johor. Due to Malaysia Government Movement Control Order commonly referred to as the MCO, is a series of national quarantine implemented by the federal government of Malaysia in response to the COVID-19 pandemic in the country. The local hotel sector is projected to had huge losses in revenue, as a result of MCO which has been extended for the year 2021. Occupancy of the room from January to October is 40% while for the month of November and December it is increase by 40% (assume a month to be of 30 days). The cost estimates and other details for the year ending on 31st December 2021 are as follow: i. For the year 2021, cost of investing in the Resort is RM1 000 000 of which 60% relate to the furniture and equipment. Annual depreciation for the furniture and equipment is estimated at 10% per year on the book value. ii. Expenses incurred during the year: Staff salary (Administration staff only) Food and beverage costs Repairs and maintenances Advertising costs Miscellaneous expenses. Transportation costs iii. Hotel housekeeper are paid RM15 per room day on the basis of occupancy of the rooms in a month and commissions of RM10 per room day are paid to Resort promoter staff. iv. The management's profit is targeted at 40% of the room rent. REQUIRED: a) Calculate total occupancy room days in a year 2021. b) Calculate total cost of Sandal and Sand Resort in a year c) Total Rent to be charged to customer in a year RM 330 000 550 000 120 000 700 000 120 500 250 000 d) Calculate room rent per day for the year. (3 marks) (5 marks) (1 mark) (1 mark) Sandal and Sand Resort with 250 rooms is located at Desaru, beach, Johor. Due to Malaysia Government Movement Control Order commonly referred to as the MCO, is a series of national quarantine implemented by the federal government of Malaysia in response to the COVID-19 pandemic in the country. The local hotel sector is projected to had huge losses in revenue, as a result of MCO which has been extended for the year 2021. Occupancy of the room from January to October is 40% while for the month of November and December it is increase by 40% (assume a month to be of 30 days). The cost estimates and other details for the year ending on 31st December 2021 are as follow: i. For the year 2021, cost of investing in the Resort is RM1 000 000 of which 60% relate to the furniture and equipment. Annual depreciation for the furniture and equipment is estimated at 10% per year on the book value. ii. Expenses incurred during the year: Staff salary (Administration staff only) Food and beverage costs Repairs and maintenances Advertising costs Miscellaneous expenses. Transportation costs iii. Hotel housekeeper are paid RM15 per room day on the basis of occupancy of the rooms in a month and commissions of RM10 per room day are paid to Resort promoter staff. iv. The management's profit is targeted at 40% of the room rent. REQUIRED: a) Calculate total occupancy room days in a year 2021. b) Calculate total cost of Sandal and Sand Resort in a year c) Total Rent to be charged to customer in a year RM 330 000 550 000 120 000 700 000 120 500 250 000 d) Calculate room rent per day for the year. (3 marks) (5 marks) (1 mark) (1 mark)

Answer rating: 100% (QA)

a Total occupancy days of the room in the year 2021 Total number of rooms 250 Occupancy for January to October 40 04 Occupancy for November and Decemb... View the full answer