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Question: A resort hotel has a dining room that has no business from street trade; it is dependent solely on the occupancy of its rooms for its sales revenue. It has 150 rooms. During the month of June it expects 80% occupancy of those rooms. Because the resort caters to the family trade, there are, on average, three people per occupied room per night. From experience, management knows that 95% of the people occupying rooms eat breakfast, 25% eat lunch, and 75% eat dinner in the hotel dining room (some of the units have kitchen facilities, which is why some of the resort's guests do not use the dining room). The dining room opens 7 days a week for all three meals. Its average meal prices are as follows:
Breakfast $ 7.50
Lunch $12.50
Dinner $25.20
Calculate the budgeted dining room revenue for the month of June.
If the prize money is guaranteed by AAA bonds yielding 4% and is placed into an escrow account when the contest is announced 1 year before the first payment, how much do the contest sponsors have to deposit in the escrow account? (Round your answe..
assume that a software organization is considering creating a new software product. assume that the new software
A firm has a capital structure that uses 45 percent equity, 20 percent preferred shares, and 35 percent debt. The preferred shares have a current yield of 5.5 percent. The debt has a coupon rate of 10 percent and a current yield to maturity of 6.5..
a trader buys a put option with a strike price of 35 and a call option with strike price of 50 on a stock. both options
Graph the means in Figure 9.14 for the interaction between self-esteem and ego threat. Does the graph look like one in which an interaction is present? Why or why not?
Truck A has an estimated seven-year life. Truck B will cost $20,000 and will last five years, with annual operating costs of $10,000. Which truck has the lowest equivalent annual cost if your discount rate is 8%?
When Britain announced its entry in the exchange rate mechanism of EMS on October 5, 1990, the price of British gilts (long term government bonds) soared and sterling rose in value.
Compute the eight ratios for Patton-Fuller Hospital based on its unaudited financial statements and critique its operating results and financial position.
Common stock: 310,000 shares outstanding, selling for $57 per share; the beta is 1.05. Preferred stock: 15,000 shares of preferred stock outstanding, currently selling for $72 per share and annual dividend is $4 per share. Market: 7% market risk pr..
A random variable Z ahs Poisson distribution if p(k) = P(Z
Contact your state insurance department to get information about whether your state requires interest-adjusted cost disclosure. Summarize your findings.
prada has nine million shares outstanding generates free cash flows of 40 million each year and has a cost of capital
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