Use the rule of thumb method to find out what the average room rate should be for a 300-room hotel, costing $25 million. Once you find the average room rate, assume that an occupancy of 78% is expected and double occupancy rate is 44% with a price difference between singles and doubles of $15 (the hotel has 150 double rooms and 150 single rooms), find the rate for double rooms and the rate for single rooms

The list price, that means the price without a discount, for a new iPad is $650. The local Apple dealer is having a 20% off the list price sale. With the 20% discount, how much will the iPad cost you? A. $570 B. $630 C. $500 D. $520 E. $130

La Quinta is a moderately priced chain of motels in the USA. Its market is frequent business travelers. Thechain recently launched a campaign to increase maket share by building new motels. Operating margin is theratio of the sum of profit, depeciation and interest expenses divided by total revenue. Thus operating marginis measured in percent units and the higher the operating margin the bigger the success of the motel. Let Ybe the operating margin of a La Quinta motel. Let x1 be the number (in thousands) of total motel and hotel rooms within three miles. Let x2 be the office space (in thousand square meters) in the surrounding community. Let x3 be the median household income in the surrounding community (in thousands dollars). Let x4 be the distance (in miles) from the downtown core. The management acquired data on 40 randomly selected La Quinta motels. The sample measurements, x1, x2, x3, x4 and y are given below. A multiple regression model with Y as the dependent variable and x1,…

Suppose that you have bought a total of 3200 shares of a stock of a particular company. You bought 1400 shares of stock at $17 per share 700 shares of stock at $12 per share and the remaining shares at $22 per share. What is the average price you paid per share of stock?