Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day...

Question

Question

Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day ADR average. Date O

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Answer: Option A($111)

7day ADR average

=Average revenue earned from rooms÷number of rooms sold

Average revenue earned from rooms= 23674+24157+28896+29799+31605+27027+ 30492= $195650

Number of rooms sold= (350×76%)+(350×58%)+

(350×64%)+(350×66%)+(350×70%)+(350×78%)+

(350×88%)= 1750

7day ADR average= $195650÷1750= $111

Thankyou.....

Add a comment

Answer 2

Similar Homework Help Questions

Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day...

Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day ADR average. a. $111 b. $123 c. $115 d. $119 Date Occupancy (%) Revenue 10/12/13 176 23674 10/13/13 58 24157 10/14/13 64 28896 10/15/13 66 29799 10/16/13 70 31605 10/17/13 78 27027 10/18/13 88 30492
1. Forecast demand for Year 4. a. Explain what technique you utilized to forecast your demand....

1. Forecast demand for Year 4. a. Explain what technique you utilized to forecast your demand. b. Explain why you chose this technique over others. Year 3 Year 1 Year 2 Actual Actual Actual Forecast Forecast Forecast Demand Demand Demand Week 1 52 57 63 55 66 77 Week 2 49 58 68 69 75 65 Week 3 47 50 58 65 80 74 Week 4 60 53 58 55 78 67 57 Week 5 49 57 64 76 77...
The data from data421.dat contains information on 78 seventh-grade students. We want to know how well...

The data from data421.dat contains information on 78 seventh-grade students. We want to know how well each of IQ score and self-concept score predicts GPA using least-squares regression. We also want to know which of these explanatory variables predicts GPA better. Give numerical measures that answer these questions. (Round your answers to three decimal places.) find:(Regressor: IQ) R 2 find: (Regressor: Self-Concept) R 2 obs gpa iq gender concept 1 7.94 103 2 54 2 8.292 111 2 73 3...

The data from data95.dat contains information on 78 seventh-grade students. We want to know how well each of IQ score and self-concept score predicts GPA using least-squares regression. We also want t...

The data from data95.dat contains information on 78 seventh-grade students. We want to know how well each of IQ score and self-concept score predicts GPA using least-squares regression. We also want to know which of these explanatory variables predicts GPA better. Give numerical measures that answer these questions. (Round your answers to three decimal places.) (Regressor: IQ) R 2 : (Regressor: Self-Concept) R 2 : Which variable is the better predictor? IQSelf Concept obs gpa iq gender concept 1 7.94...
The data from data349.dat contains information on 78 seventh-grade students. We want to know how well each of IQ score a...

The data from data349.dat contains information on 78 seventh-grade students. We want to know how well each of IQ score and self-concept score predicts GPA using least-squares regression. We also want to know which of these explanatory variables predicts GPA better. Give numerical measures that answer these questions. (Round your answers to three decimal places.) (Regressor: IQ) R 2 (Regressor: Self-Concept) R 2 Which variable is the better predictor? IQ Self Concept obs gpa iq gender concept 1 7.94 112 ...
Game_Number Winner Loser Duration 1 Jens Sven 41 2 Sven Jens 76 3 Sven Jens 156...

Game_Number Winner Loser Duration 1 Jens Sven 41 2 Sven Jens 76 3 Sven Jens 156 4 Sven Jens 151 5 Sven Jens 105 6 Jens Sven 71 7 Sven Jens 123 8 Sven Jens 111 9 Sven Jens 164 10 Sven Jens 116 11 Jens Sven 46 12 Sven Jens 88 13 Jens Sven 59 14 Jens Sven 47 15 Jens Sven 57 16 Sven Jens 108 17 Sven Jens 78 18 Sven Jens 94 19 Jens Sven 86...

URGENT IR UNKNOWN: Please Identify the unknown molecule from the IR spectrum shown below. Pick one...

URGENT IR UNKNOWN: Please Identify the unknown molecule from the IR spectrum shown below. Pick one from the following from the list of of possibilities for the unknown molecule: 80 70 2109.74cm-1 3021.84cm-1 1598.19cm-1 60 3033.75cm-1 50 1070.67am-1 3058.02cm-1 3080 79am-1 40 30 1443.72cm-1 20 1488.33cm-1 1어 757.39cm-1 3291.90cm-1 -o- -2 4000 3500 3000 2000 2500 1500 1000 500450 cm-1 1,2-dimethoxybenzene (91-16-7) 1,3-propanediol (504-63-2) 1-bromobutane (109-65-9) 1-Octanol (111-87-5) 2,3-dimethyl-2-butanol (594-60-5) 2-cyclohexen-1-one (930-68-7) 2-cyclopenten-1-one (930-30-3) 2-methylcyclohexanone (583-60-8) 3,3-dimethyl-2-butanone (75-97-8) 3-ethyltoluene (620-14-4)...
A company sells medical supplies to hospitals and healthcare facilities that are mostly located in the...

A company sells medical supplies to hospitals and healthcare facilities that are mostly located in the Michiana region. The company has 150 employees, and it is about to decide whether part of them should be encouraged to work remotely, and if so, how many employees should do that. There are many aspects to be analyzed such as productivity and collaboration, but you will focus on the costs of space and IT at the company’s main office versus the costs of...
Use C++ (2D Array) Write a program which: 1. Assigns data given below into the 2D...

Use C++ (2D Array) Write a program which: 1. Assigns data given below into the 2D array of integers which is 10x10. 2. Prints out the contents of the 2D array after assigning the data to make sure correct data was assigned. 3. Figures out and prints out the square root of the sum of ALL the elements in the 2D array. 4. Figures out and prints out the average of ALL THE ELEMENTS in the 2D array. 5. Figures...

Forecasting labour costs is a key aspect of hotel revenue management that enables hoteliers to appropriately...

Forecasting labour costs is a key aspect of hotel revenue management that enables hoteliers to appropriately allocate hotel resources and fix pricing strategies. Mary, the President of Hellenic Hoteliers Federation (HHF) is interested in investigating how labour costs (variable L_COST) relate to the number of rooms in a hotel (variable Total_Rooms). Suppose that HHF has hired you as a business analyst to develop a linear model to predict hotel labour costs based on the total number of rooms per hotel...

Given the information below, which was acquired from a hotel property with 350 rooms, calculate seven-day...

Homework Answers