Question: The ABC Resort recorded the following data for a single day: Total Rooms Available: 1 5 0 Total Rooms Sold: 1 2 0 Total Room

The ABC Resort recorded the following data for a single day:


Total Rooms Available: 150

Total Rooms Sold: 120

Total Room Revenue: $15,000

The same 150 room hotel, recorded the following for the year:

Total Revenue $9,000,000

Total Expenses $3,750,000


What is  the actual amount rate  based on the above information provided?

 
 

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To calculate the hotels Average Daily Rate ADR based on the in... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!