Question
Asked Feb 24, 2020
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ShadyPalms Hotel has 100 rooms. During the month of February, it had 500 guests, each staying 5 nights. The occupancy rate for ShadyPalms Hotel for the month of February (not a leap year) was closest to

a.80%
b.90%
c.70%
d.120%
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Expert Answer

Computation of Total Availability

In order to compute the Occupancy rate, we have first compute the total availability. As the number of guests per room is not specified in the question, it is assumed as 1 guest per room.

Accounting homework question answer, step 1, image 1

Accounting homework question answer, step 1, image 2

Computation of Occupancy Rate

Accounting homework question answer, step 2, image 1

Accounting homework question answer, step 2, image 2

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