Problem 10: Browny Brad’s Beach Motel (BBBM), a forty-room lodging facility, has operated for the past three years. BBBM’s night auditor has kept accurate records over the past year but has not analyzed any of these data. The following is a summary of the rooms sold by month: Rooms sold: January 400 March 700 May 960 February 600 April 840 June 980 July. 992 September 800 November 650 August. 973 October 705 December 500 Assume that the motel is open 365 days per year for business purposes and that the motel considers its “summer months” to be May, June, July, and August. The off-season comprises of all other months. Required: Determine the Paid Occupancy percentage for the summer months, the off-season, and the entire year?
Month | No of Rooms Occupied during month | No Of Days occupancy each month |
Jan | 400 | 10.00 |
Mar | 700 | 17.50 |
May | 960 | 24.00 |
Feb | 600 | 15.00 |
April | 840 | 21.00 |
June | 980 | 24.50 |
July | 922 | 23.05 |
sep | 800 | 20.00 |
Nov | 650 | 16.25 |
Aug | 973 | 24.33 |
Oct | 705 | 17.63 |
Dec | 500 | 12.50 |
9030 | 225.75 | |
1. Summer Months | ||
Total No of Working Days' | 123.00 | |
Total Occupancy | 95.88 | |
% Occupancy | 77.95 | |
2. Off Season | ||
Other than Summer Month | 242.00 | |
Total Occupancy | 129.88 | |
% Occupancy | 53.67 | |
3.Entire Year | ||
Total Working days | 365 | |
Total Occupancy | 225.75 | |
% Occupancy | 61.85 |
Problem 10: Browny Brad’s Beach Motel (BBBM), a forty-room lodging facility, has operated for the past...
Problem 10: Browny Brad’s Beach Motel (BBBM), a forty-room lodging facility, has operated for the past three years. BBBM’s night auditor has kept accurate records over the past year but has not analyzed any of these data. The following is a summary of the rooms sold by month: Rooms sold: January 400 March 700 May 960 February 600 April 840 June 980 July. 992 September 800 November 650 August. 973 October 705 December 500 Assume that the motel is open 365 days per year for business purposes and that the motel considers its “summer months” to be May, June, July,...
23 1 point You own a restaurant near the beach. Business has been growing each year, but obviously spikes during the summer months. A regression produces the following equation: M = 30,000 + 592t + 1,000S Where Mis monthly sales, t is years past 2010, and S is a dummy variable for the summer months. If the month is June, July, or August, insert a “1”. If not, the value for S is zero. What are the predicted sales for...
Exercise 2-5 High-Low Method [LO2-5] The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy- day represents a room rented out for one day. The hotel's business is highly seasonal with peaks occurring during the ski season and in the summer. Occupancy Electrical Month January February March April May June July August September October November December Days 2,640 2,860 980 2,420...
Exercise 5A-1 High-Low Method (LO5-10] The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal with peaks occurring during the ski season and in the summer. Month January February March April May June July August September October November December Occupancy-Days 1,736 1,904 2,356 960 360 744 2,108 2,406...
LUCU ORICSS ULTIMIL E tion in the dependent variable that is explained by variation in the independent variable. (p. 246) sconnect Appendix 5A: Exercises EXERCISE 5A-1 High-Low Method L05-10 The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in...
The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month January February March April May June July August September October November December Occupancy-Days 1,736 1,904 2,356 960 360 744 2,108 2,406 840 124 720 1,364 Electrical...
Saved Help Exercise 5A-1 High-Low Method (LO5-10) The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer Month January February March April May June July August September October November December Occupancy-Days Electrical Costs 2,640 $13,200 2,860 $14,300...
The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented out for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month Occupancy- Days Electrical Costs January 3,250 $ 9,660 February 3,470 $ 10,185 March 3,660 $ 10,360 April 1,760 $ 6,160 May 1,350 $ 4,725 June...
U Exercise 6A-1 High-Low Method [LO6-10) 24:38 The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year . An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month Occupancy-Days Electrical Costs January 540 $ 1,620 February 3,810 $ 8,352 March 4,100 $ 8,736 April 1,730 $...
The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel’s business is highly seasonal, with peaks occurring during the ski season and in the summer. Month Occupancy-Days Electrical Costs January 2,830 $ 6,750 February 3,340 $ 7,410 March 3,650 $ 7,905 April 1,840 $ 5,520 May 750 $ 2,250 June 1,830 $...