Question: You are required to fill in the solution and submit the answers by attaching back the file in the discussion forum. Q.1 The Hubbart

You are required to fill in the solution and submit the answers by attaching back the file in the discussion forum. Q.1 The Hubbart

You are required to fill in the solution and submit the answers by attaching back the file in the discussion forum. Q.1 The Hubbart Room Rate Formula Operating Expenses 2,000,800 Taxes and Insurance 400,000 Depreciation 350,750 Reasonable ROA 900,000 Total Less Income from other sources 340,000 Amount needed from room sales $ Revenue from room sales needed $ Number of rooms available (Per Day) 275 Rooms available per year (item 2x 365) 25%). Less allowance for vacancies (@ Number of rooms to be sold (@75%) ADR per room to get ROA (item1/item5) $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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!

PFA a word file with 2 questions. You are required to fill in the solution and submit the answers by attaching back the file in the discussion forum. Q.1 The Hubbart Room Rate Formula Operating...

2 questions. You are required to fill in the solution and submit the answers by attac Q.1 The Hubbart Room Rate Formula Operating Expenses 2,000,800 Taxes and Insurance 400,000 Depreciation 350,750...

Annet and Contra-Asset Accounts Camb Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation D Decrease; 1-Increase. Liabilities...

just only 2 questions ,please read the requirment word by word and be careful about the style of the reference(APA) , file 3.1 is for question 2..BTW,please focus the every step FINANCE SPOTLIGHT...

Interest on mortgage 6,300 Mortgage principal 1.525 Regular maintenance & repairs 3,000 In order to finance the purchase of the rental property, James and Susan sold a cottage they also jointly owned...

IfyouhaveplayedaSimulationcalledProBankerIneedhelpansweringthesequestionsassoonaspossible from the pro bankerassignment attachment..please use spreadsheet and players manual for reference. Need...

please urgently tell me the form, line and amount. Taxation I do have to do it on Profile 1 COMPREHENSIVE CASE STUDY - 2021 You are required to prepare personal income tax returns using a tax...

please show me the formula or how you get the answers please go down and take it look...i have taken new photo that is clear Accounting 365 Flex Budget Project Instruction BEFORE YOU NON HEAD CLOSELY...

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Contingent Liability is _____________________. A . An unascertained liability but its amount and due date are indeterminate. B . An unascertained liability but its amount and due date are determinate...

13) Complex relative permittivity of a medium is represented by 1 + Er = Eo + - (E = 4.5, Es i With T being the dielectric relaxation time, a and constants. E and Es are the high and low...

Under the Internal Revenue Code, what rights are guaranteed to taxpayers?

The Skyline Motel opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for...

Presented below and on the next page is the balance sheet of Kishwaukee Corporation as of December 31, 2012. Note 1: Buildings are stated at cost, except for one building that was recorded at...

Timo van Leeuwen operates a very busy roadside fruit and vegetable stand from May to October every year as part of his farming operation, which has a December 31 year end. Each time a customer...

The following items are found in a company's financial statements: 1. Interest expense (credit balance) 2. Gain on restructuring of debt 3. Mortgage payable (payable in equal amounts over the next...

Chuck Moore supervises two consulting jobs for the firm of Price and Waters, LLP, which is a consulting firm that helps organizations become more efficient. One of the consulting jobs is for the U.S....

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

The lable at the bottom of the page lists the 1999 base prices for automobiles manufactured by Buick and Cadillac. a. Calculate the range of the Buick prices and the range of the Cadillac prices. b....

Calculate the range, variance, and standard deviation for the following samples: a. 4,2,1,0,1 b. 1,6,2,2,3,0,3 C. 8,-2,1,3,5,4,4,1,3,3 d.0,2,0,0,-1,1,-2,1,0,-1,L,-L,0,-3,-2,-1, 0,l ,

Compute T, s2, and s for each of the following data sets. If appropriate, specify the units in which your answer is expressed. a. 3,1,10,10,4 b. 8 feet, 10 feet, 32 feet, 5 feet c. -1, -4, -3,1, -4,...