A motel has the following annual information (Net indicates revenue after allowances): Rooms revenue (net) $ 926,000 Food revenue (net) 295,342 Beverage revenue (net) 125,222 Cost of food sales 119,683 Paid rooms occupied 16,831 Rooms available (80 daily) 29,200 (80 x 365) Food covers 38,129 Compute the following ratios: Average room rate Occupancy percentage Average food check Food cost percentage
A motel has the following annual information (Net indicates revenue after allowances): Rooms revenue (net) $ 926,000 Food revenue (net) 295,342 Beverage revenue (net) 125,222 Cost of food sales 119,683 Paid rooms occupied 16,831 Rooms available (80 daily) 29,200 (80 x 365) Food covers 38,129 Compute the following ratios: Average room rate Occupancy percentage Average food check Food cost percentage
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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- A motel has the following annual information (Net indicates revenue after allowances):
Rooms revenue (net) $ 926,000
Food revenue (net) 295,342
Beverage revenue (net) 125,222
Cost of food sales 119,683
Paid rooms occupied 16,831
Rooms available (80 daily) 29,200 (80 x 365)
Food covers 38,129
Compute the following ratios:
Average room rate
Occupancy percentage
Average food check
Food cost percentage
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