User Account

All Pages

Calculate the actual rooms occupancy percentage

Assignment Help Financial Accounting
Reference no: EM132498939

Runaway Hotel has 23 guest rooms. The hotel recorded the following information for the month of September 2010:

  • Room revenue was $28,950
  • A total of 522 rooms were occupied
  • A total of 1,234 guests are using the 522 rooms occupied
  • For the month of September Runaway Hotel had budgeted that 605 rooms would be occupied and the average daily room rate would be $60.

Required:

Question (a) Calculate the following for the Runaway Hotel:

  1. Actual rooms occupancy percentage
  2. Budgeted rooms occupancy percentage
  3. Guest density
  4. Actual average daily room rate

Question (b) Briefly explain what each of the above calculations show

Reference no: EM132498939

Questions Cloud

What you know about american education today : Based on what you know about American education today, how important were the early educational reforms that developed in the early 1800s?
What is price of a? one-year european call option on dynamic : If the? risk-free interest rate is 7% per? year, What is the price of a? one-year European call option on Dynamic with a strike price of $26??
Provide insight to the ineffectiveness of dupont analysis : Given the current market uncertainties, provide insight to the ineffectiveness of Dupont analysis in addressing organization challenges.
Describe the general course of the war in the pacific : Describe the general course of the war in the Pacific. What was the turning point for the allies?
Calculate the actual rooms occupancy percentage : Calculate the Actual rooms occupancy percentage, Guest density and Budgeted rooms occupancy percentage for the Runaway Hotel
Describe the general course of the war in the pacific : Describe the general course of the war in the Pacific. What was the turning point for the allies?
Why were southerners against this type of change : Which type of change-political, social, or economic-faced the most challenges? Why were Southerners against this type of change?
Calculate the total costs of ordering and carrying inventory : Calculate the total costs of ordering and carrying inventories if the order quantity is (1) 4,000 units, (2) 4,800 units, or (3) 6,000 units.
Women rights in the early american republic : What were some of the arguments made for and against women's rights in the early American republic?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd