Asked Feb 24, 2020

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


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


Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.

Related Accounting Q&A

Find answers to questions asked by student like you
Show more Q&A

Q: Explain how the work cell manufacturing layout increases productivity.

A: In JIT (Just-In-Time) manufacturing system, production is completed in self-contained work cells. Ea...


Q: On April 1, the cash account balance was $23,440. During April, cash receipts totaled $356,290 and t...

A: Cash payments: Cash payments includes merchandise purchases made in cash and payments of accounts pa...


Q: On September 1, 2020, Splish Company sold at 104 (plus accrued interest) 5,760 of its 9%, 10-year, $...

A: Formulas for the above table:  


Q: How can capital budgeting tools assist in evaluating a manager who is responsible for retaining cust...

A: Capital budgeting: Capital budgeting is a process by which the management can plan and evaluate the ...


Q: Journalize the following data taken from the payroll register of CopyMasters as of April 15, 20—. Wh...

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms. Th...


Q: The following transactions occur for Cardinal Music Academy during the month of October:   a. Provid...

A: Journal entries includes the recording of each monetary transaction in the books of accounts of a bu...


Q: e7-8

A: a. Prepare bank reconciliation at July 31, 2017 as shown below:  


Q: When an employer does not have a sophisticated time-keeping system, it is valid to accrue a percenta...

A: Payroll: A payroll is a total amount of money paid by employer to employees for time period the empl...


Q: Summary operating data for Custom Wire & Tubing Company during the year ended April 30, 2018, ar...

A: Single-step income statement:  This statement displays the total revenues as one line item from whic...