Use the table provided below showing rooms available, rooms sold and rooms revenue for 7 properties (subject hotel + comp set) for one month to compute market share in revenue for thesubject hotel.Rooms Available (Supply)Rooms Sold (Demand)ITIRevenueThe subject hotel10'0007'000700'000Hotel A9'0003'000400'000Hotel B9'0008'000700'000Hotel C10'0007'000700'000Hotel D7'0005'000500'000Hotel E11'0008'000700'000Hotel F8'0004'000400'000Select one:a. 25.12%b. 48.50%c. None of the above /d. 18.47% Use the table provided below showing rooms available, rooms sold and rooms revenue for 7 properties (subject hotel + comp set) for one month to compute actual market share for thesubject hotel.Rooms Available (Supply)Rooms Sold (Demand)RevenueITTIThe subject hotel10'0007'000700'000Hotel A9'0003'000400'000Hotel B9'0008'000700'000Hotel C10'0007'000700'000Hotel D7'0005'000500'000Hotel E11'0008'000700'000Hotel F8'0004'000400'000Select one:a. 25.13%b. 20.11%с. 16.67%d. 19.56%

Calculation of market share is done by dividing the relevant particular of subject hotel with the…

Answered: Use the table provided below showing…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 6BE: Jakes Cabins is a small motel chain with locations near the national parks of Utah, Wyoming, and...

See similar textbooks

Similar questions

Question 16 Use the following information to answer this question: Total guests during the year for a hotel Number of rooms available (per day) Occupancy RevPAR The ratio of room revenue to total revenue The ratio of gross operating profit to total revenue The total revenue per available room (Daily) is_ O $114.55 O None of the above O $141.55 O $151.55 O $115.55 166,576 463 78.855% 92.01 65% 45%
The following information is available for a hotel company for the latest thirty day period. Number of rooms available per night 40 Percentage occupancy achieved 65% Room servicing cost incurred $3,900 What was the room servicing cost per occupied room-night last period, to the nearest cent? A $3.25 B $5.00 C $97.50 D $150.00
Please help with the income statement based on info below: Pricing Actual # Revenue Grooming 25 4 3,000 Daycare 18 22 11,880 Boarding 25 12 9,000 Total January Revenue 23,880
Using the decision-making grid below, calculate the total score for Appliance "A." Appliance A Criteria Decision Weight (W) Score (S) WxS Price 30% 6 Durability 25% 8 Features 20% 8 Warranty 15% 7 Styling 10% 9 TOTAL 100%
Unearned Sales Revenue Brand Landscaping offers a promotion where a customers lawn will be mowed 20 times if the customer pays $700 in advance. Required: Prepare the journal entry to record (1) the customers' prepayment of S700 and (2) Brands mowing of the lawn one time.
The sales data (in units) of book store has been extracted for the three terms over 3 years as follows; Term-1Term-2 Term-3 20204500 3,000 1,200 2021 6,000 4,200 2,400 20227,800 5,400 3,600 Required: Using multiplicative index, forecast sales for term-III (to the nearest 100) of the year 2023 given an annual sales forecast of 18,000 OA. 3,100 units B. 3,500 units OC. 3,300 units OD. 3,400 units
Marin Shed Solutions sells its largest shed for $1,100 plus HST of 13 %. On May 10, 2024, it sold 26 of these sheds. On May 17,2024, the company sold 85 of these sheds. All sales are cash sales. For each day's sales, calculate the HST. May 10, 2024 May 17, 2024 Question Part Score $ Date $ HST payable Prepare a journal entry to record the sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Account Titles Debit --/2 Credit
Stay-4-Ever is a small motel chain with locations in the northeastern United States. The chain has a total of 200 rooms. The following operating data are available for July: Number of Guests. Nights per Visit Guest Nights 1,600 1 1,600 750 2 1,500 275 3 825 80 4 320 19 5 95 Determine the guest nights for July. Determine the available room nights for July. Determine the occupancy rate for July. Assume that the occupancy rate for July of the prior year was 75%. Has the utilization rate for Stay-4-Ever improved or declined?
Comparing occupancy for two hotels Sunrise Suites and Nationwide Inns operate competing hotel chains across the region. Hotel capacity information for both hotels is as follows: Information on the number of guests for each hotel and the average length of visit for June were as follows: A. Determine the guest nights for each hotel in June. B. Determine the room nights for each hotel in June. C. Determine the occupancy rate of each hotel in June. D. Interpret the results in (C).
How do i create an NPV graph on excel using these data: Unit Sale NPV 1,000,000.00 - 2,952,452.00 1,500,000.00 - 2,001,492.00 2,000,000.00 - 1,050,533.00 2,500,000.00 - 384,861.00 2,789,077.17 - 3,000,000.00 280,811.00 3,500,000.00 946,482.00 4,000,000.00 1,612,154.00 4,500,000.00 2,277,826.00
Use AstroTurf Company's income statement below to answer the following questions.Operating costs (excl. depreciations & amortization): $4.5mDepreciation and amortization: $1.5mInterest: $0.7mNet Income: $2.8mTax Rate: 35%a. Calculate AstroTurf’s EBITDA. Provide a step-by-step explanation for how you arrived at your above solution as though you were teaching a student to solve this type of problem. Provide a clear explanation, showing any steps or processes used to reach the answer.b. What level of sales would generate a net income of $4.2m for the following year, knowing that operating costs (excl. depreciation and amortization) will increase by 7.5%, and given a 35% tax rate. Provide a step-by-step explanation for how you arrived at your above solution
Hilton Worldwide Holdings Inc. (HLT) and Marriott International, Inc. (MAR) reported the following occupancy data for two recent years: Hilton: Year 2: 57.2% - Year 1: 40.3% Marriott :Year 2: 51.3% - Year 1: 31.4% 1. Comment on Hilton’s occupancy rate for Years 1 and 2. 2. Comment on Marriott’s occupancy rate for Years 1 and 2. 3. Which company has the highest occupancy rate? 4. What other factors should be considered in comparing Hilton and Marriott?

SEE MORE QUESTIONS

Recommended textbooks for you

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Personal Finance

Finance

ISBN:

9781337669214

Author:

GARMAN

Publisher:

Cengage

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Personal Finance

Finance

ISBN:

9781337669214

Author:

GARMAN

Publisher:

Cengage

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

Quickbooks Online Accounting

Accounting

ISBN:

9780357391693

Author:

Owen

Publisher:

Cengage

SEE MORE TEXTBOOKS