The following are selected items from Pine Hotels June operations Room Rental Revenue 326,000 Number of Rooms 87 Total Number of Rooms Sold 2,070 Do not enter dollar signs or commas in the input boxes Round your answers to 2 decimal places a) Calculate the occupancy rate for June Occupancy Rate b) ...

a To calculate the occupancy rate for June divide t ...

The following are selected items from Pine Hotels June operations. Room Rental Revenue 326,000 Number of Rooms

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The following are selected items from Pine Hotel’s June operations.

Room Rental Revenue	326,000
Number of Rooms	87
Total Number of Rooms Sold	2,070

Do not enter dollar signs or commas in the input boxes.
Round your answers to 2 decimal places.

a) Calculate the occupancy rate for June.

Occupancy Rate: ________%

b) Calculate the ADR for June

Average Daily Rate: $_________

Related Book For answer-question

Financial and Managerial Accounting the basis for business decisions

ISBN: 978-1259692406

18th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Posted Date: May 22, 2023 08:03 AM

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The following are selected items from Pine Hotels June operations. Room Rental Revenue 326,000 Number of Rooms

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a To calculate the occupancy rate for June divide t... View the full answer

Financial and Managerial Accounting the basis for business decisions

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