Calculate the revpar for the month of june

Assignment Help Financial Accounting
Reference no: EM132556097

Markham Resort has 100 standard rooms and 50 deluxe rooms. During the month of June, it sells 2,300 standard room nights at $80 and 1200 deluxe room nights at $100.

Question 1: Calculate the following for the month of June:

a) occupancy rate

b) ADR

c) RevPAR

Reference no: EM132556097

Questions Cloud

Do a multiple -step income statement : Presented below is information for Pryor Company for the month of January 2020. Do a multiple -step income statement
Diagnostic tool for the treatment of diabetes : Identify a research or evidence-based article that focuses comprehensively on a specific intervention or new diagnostic tool for the treatment of diabetes
Compute the cost of land and cost of building : XYZ Co. purchased land as a factory site for Br.600,000. XYZ paid Br.60,000. Compute the cost of land and cost of building
If a pregnant women gets infected with coronavirus : If a pregnant women gets infected with coronavirus, is her baby going to be born with a genetic disease?
Calculate the revpar for the month of june : Calculate the RevPAR for the month of June.Markham Resort has 100 standard rooms and 50 deluxe rooms. During the month of June, it sells 2,300 standard room
What are the journal entries and ledger accounts : Paid sales staff wages of $5,412 for the two weeks up to and including yesterday, Cheque No. 607. What are the journal entries and ledger accounts
Discuss six strategies that can be implemented to reduce : Companies' aim to have a favourable receivables turnover ratio. Discuss six strategies that can be implemented to reduce its receivable turnover in days.
How the ph scale is used to measure acidity and basicity : Describe the relationship between acids, bases, salts, and water, and explain how the pH scale is used to measure acidity and basicity.
Port Access Controls–Physical Security : You have been exposed to several laws, initiatives and strategies that form large portion of maritime transportation security framework within United States

Reviews

Write a Review

Financial Accounting Questions & Answers

  Accounting treatment for errors and correctionseffects of

accounting treatment for errors and corrections.effects of errors show how the following independent errors will affect

  What the estimated goodwill is

Assuming that excess earnings are expected to continue for 8 years, and ignoring the time value of money, estimated goodwill is

  Bond premium and interest payment has been made

Prepare the entry to record the conversion on October 1, 2011. Assume that the entry to record amortization of the bond premium and interest payment has been made.

  Upgrading their athletic facilities

UMD has two options for upgrading their athletic facilities. The off-campus option costs only $20 million, but it will require frequent bus service to those facilities at an annual cost that starts at $300,000 and increase by 4% per year.

  Estimate ending inventory using the dollar-value lifo

Estimate ending inventory in 2022 using the dollar-value LIFO retail method. (Round your intermediate calculations to the nearest whole dollar.

  Principle of adequate disclosure

Briefly explain what is meant by the principle of adequate disclosure and How does professional judgment enter into the application of the principle of adequate disclosure?

  The dinner-dance committee has assembled

The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event: Compute the break-even point for the dinner-dance (in terms of the number of persons who must attend..

  Calculate vaders product cost per unit

Fixed manufacturing overhead per unit is $7. Calculate Vader's product cost per unit using both variable costing and absorption costing.

  What is each party payment and receipt at that date

Consider an interest-rate swap with these features: maturity is five years, notional principal is $100 million, payments occur every six months, the fixed-rate payer pays a rate of 9.05% and receives LIBOR.

  Determine the cost assigned to ending inventory

Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.)

  Neither issued nor retired any common stock

Marcus Nurseries Inc.'s 2012 balance sheet showed total common equity of $2,050,000, which included $1,750,000 of retained earnings. The company had 100,000 shares of stock outstanding which sold at a price of $57.25 per share. If the firm had net in..

  How your journal entry on the settlement date would change

Prepare dated journal entries for Fleming to reflect above transactions using the net method. Do not use hedge accounting. Explain how your journal entry on the settlement date would change if the receivable was hedged.

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!

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