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What are the individual adr for both single and double rooms

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Question 1: The management of Folt & Golt Hotel, which has 40 rooms on daily basis, has projected that the occupancy will be 50.00% with total revenue of $700,000 and total expenses of $80,000 for the next year. The income tax bracket is 40.00%. Assume that Folt & Golt only has single and double rooms with a double occupancy of 65.00%. The double rooms are sold at a premium of 25.00% over singles. Based on the information given, what are the individual ADRs for both single and double rooms for Folt & Golt (assume that there are 365 days in a year)?

Reference no: EM132540833

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