The Red Wings hotel has two revenue generating departments, which are rooms and F&B outlets. In...
The Red Wings hotel has two revenue generating departments, which are rooms and F&B outlets. In 2010, rooms department had $120,000 in revenues and F&B department had $80,000 in revenues. In 2011, forecasts demonstrate that total revenue generated from the rooms department is 12.00% higher than the one in 2010. Also, there is a 4.00% increase in F&B revenues over the one in 2010. Based on the information given, what is the projected percentage change in total revenues in 2011 over 2010?
Homework Answers
| 2010 Revenues | 200000 | =120000+80000 |
| 2011 Projected Revenues: | ||
| Rooms department | 134400 | =120000*1.12 |
| F&B department | 83200 | =80000*1.04 |
| 2011 Projected Revenues | 217600 | |
| Change in Total revenues | 17600 | =217600-200000 |
| Divide by 2010 Revenues | 200000 | |
| Projected percentage change in total revenues | 8.80% | increase |
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