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Determine the food and beverage sales to room rental revenue

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Reference no: EM133146108

Question - The following are selected items from Elm Hotel's most recent financial statements.

 

2020

2019

Food & Beverage Revenue

$1,125,000

$1,098,000

Room Rental Revenue

$3,830,000

$3,795,000

Number of Rooms

100

100

Occupancy Rate

89.0%

86.0%

Required -

a) Determine the food and beverage sales to room rental revenue percentage for 2019 and 2020.

b) The hotel is open 365 days a year. Determine the sales revenue per available room for 2019 and 2020.

Reference no: EM133146108

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