A hotel having 100 rooms of which 80% are normally occupied in summer and 25% in winter. Period of summer and winter be taken as 6 months each and normal days in a month be assumed to be 30. The total occupied room days will be a. 1525 Room days b. 18900 Room days c. 36000 Room days d. 72000 Room days

A hotel having 100 rooms of which 80% are normally occupied in summer and 25% in winter. Period of summer and winter be taken as 6 months each and normal days in a month be assumed to be 30. The total occupied room days will be a. 1525 Room days b. 18900 Room days c. 36000 Room days d. 72000 Room days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

A hotel having 100 rooms of which 80% are normally occupied in summer and 25% in winter. Period of summer and winter be taken as 6 months each and normal days in a month be assumed to be 30. Then, what is the value of total occupied room days?
The 100-room Delavan Inn's past three years of room sales for April are as follows: Rooms Room Year Sold ADR Revenues 20X1 2,100 $45 $94,500 20X2 2,130 47 100,110 20X3 2,160 49 105,840 Analyze the past performance and project sales for April 20X4. Assume that the trends of rooms sold and ADR continue for April of 20X4.
The Rocky Mountain Hotel, is a resort hotel is in Crested Butte, Colorado. For the hotel, management expects occupancy rates to be 95% in December, January, February and March; 85% in November and April; and 70% the rest of the year. This hotel has 325 rooms and the room rental is $250.00 per night. Of this, on average 10% is received as a deposit the month before the stay, 60% is received in the month of the stay, and 28% is collected the month after. The remaining 2% is never collected and assumed bad debt in the month after as a sales & general admin cost. Most of the costs of running the hotel are fixed. The variable costs are only $40.00 per occupied room, per night. Fixed salaries (including benefits) run $400,000 per month, depreciation is estimated to be $360,000 a month, other fixed costs are $165,000 per month, and interest expense is $550,000 per month. Fixed, variable costs and salaries are paid in the month they are incurred, depreciation is only recorded at the end of…
A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April and 3,000 in May. Assuming the selling prices is P100/unit. Sales for each month are expected to be collected as follows: • Month of sales: 20% A month after sales: 50% • 2 months after sales: 30% - How much is total receipts from sales? Units sold in March = Total units - (units sold in January+ units sold in feb + units sold in april + units sold in may) = 12500 (2000 + 2200 + 2800 +3000) =12500 units -9000 units = 2500 units Jan Feb Mar May 3,000 300,000 P1,250,000 60,000 ТОTAL Units Sold Sales in Pesos Collection from current months sales Apr 2,800 280,000 56,000 2,200 2,000 200.000 2,500 250,000 50,000 12, 500 220.000 40,000 44,000 P250,000 Collection from previous months sales 100,000 110,000 125,000 140,000 P475,000 Collection from two months 60,000 66,000 75,000 P201,000 sales Total Collections from Sales 40,000 144,000 220,000 247,000 275,000 P926,000 PRACTICE EXERCISE 1: Fill the table…
Tenant NNN rent is $20 sqft. The tenant size is 3500 SF. The tenant pays percentage rent above the natural breakpoint of 4%. The first-year sales are estimated at $1,310,000. What is the total rent (NNN plus percentage rent) paid by this tenant in the first year? Total dollars paid for the year, not $/sqft.
A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April and 3,000 in May. Assuming the selling prices is P100/unit. Sales for each month are expected to be collected as follows: • Month of sales: 20% • A month after sales: 50% • 2 months after sales: 30% - How much is total receipts from sales? Feb Total 12, 500 P1,250,000 P250,000 Jan Мar Apr May Units Sold Sales in Pesos Collection from months sales current Collection months sales Collection from two months from previous P150,000 P84,000 sales Total Collections from Sales 40,000 P926,000
Suppose a Best Western motel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room motel, average daily room rents of $50, and average variable costs of $10 for each room rented. It operates 365 days per year. The amount of net income on rooms that will be generated if the motel is half full throughout the entire year is: a. $(1,192,500) b. $1,590,000 c. $2,737,500 d. $990,000
following month's production needs (number of units that should be produced next month). • Raw material cost is $0.60 per foot of Gilden. • The beginning balance of raw materials for August will be 100,000 feet of Gilden. • 50% of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. • The accounts payable balance on August 1 for purchases of Gilden during July will be $80,400. Answer the following questions: 1. What is the August sales budget in dollars? 2. How much money will Milo collect during the month of August? 3. How many units should be produced in the month of August? 4. How many feet of raw materials (Gilden) should be purchased in August? 5. What will be the cost of raw materials for the month of August? 6. What will be the cash disbursements in August? Enter you answers in the same order as above.
A company has following information:::- i) Number of rooms in the apartment = 100ii) Rent per apartment = $700,000 per month. iii) Operating expenses, including property taxes, insurance, maintenance, and advertising are typically @ 35% of EGI (Effective Gross Income).iv) Property management expenses are 15% of EGI.v) Other incomes generated from parking are expected to be $30,000 per room per month. vi) Currently 80 rooms have been rented. vii) Expected return from the property = 10% p.a. Compute net operating income and also the value of property.
How many customers and what revenue will the resturant need each month to break even? The monthly costs consist of rent of $10,000, interest of $3,500, fixed labor costs of $12,000, other variable costs are 27% of revenue. The guest check average is $14.50.
Donaldson Bed and Breakfast has six available rooms to rent to tourists visiting Niagara Falls. Guests enjoy a comfortably appointed room with an attached bathroom and the owners provide a hearty breakfast each morning. The owners have calculated that their typical occupancy rate is 80% per month. The cost to rent each room is $65 per occupied room per day assuming a 30-day month. Some of this cost is fixed and some variable. During the month of June, the occupancy rate went down to 60% and the total cost to operate that month was $7, 650. Required: 1. Using the high-low method, estimate the variable and fixed cost elements of the bed and breakfast's operation in a typical month. Note: Do not round your intermediate calculations. Round the "Variable cost per room" to 2 decimal places. Average # room nights rented per month Total Monthly Cost High level of activity Low level of activity Change Variable cost per room Fixed cost per year 2. Express the variable and fixed costs in the form…
A 50-room hotel has an ADR of $140 per room, variable cost of $25 per room and monthly fixed costs of $100,000. The average occupancy rate is equal to 60%. What is total monthly revenue equal to at the break-even point?