May 31, 2022 1. Let us assume, that in the management of a small hotel business providing 50 rooms to guests, the following occupancy and electric power consumption for the first six months of the year took place: Power Month Occupancy Consumption 20 P 45,000 January February 30 55,000 March 28 52,000 April 26 51,000 May 35 65,000 June 32 61,000 Total 329,000 The hotel management assumes that the occupancy in July will be 33 rooms. 1. Variable cost ratio 2. Total Fixed costs. Required: Sheet1 +

May 31, 2022 1. Let us assume, that in the management of a small hotel business providing 50 rooms to guests, the following occupancy and electric power consumption for the first six months of the year took place: Power Month Occupancy Consumption 20 P 45,000 January February 30 55,000 March 28 52,000 April 26 51,000 May 35 65,000 June 32 61,000 Total 329,000 The hotel management assumes that the occupancy in July will be 33 rooms. 1. Variable cost ratio 2. Total Fixed costs. Required: Sheet1 +

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A hotel having 100 rooms of which 80% are normally occupied in summer and 25% in winter. Period of summer and winter be taken as 6 months each and normal days in a month be assumed to be 30. The total occupied room days will be a. 1525 Room days b. 18900 Room days c. 36000 Room days d. 72000 Room days
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
9:49 A Month January February March April May June July July August September October November December Occupancy- Days Exercise 6A-1 (Static) High-Low Method [LO6-10] The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. 1,736 1,904 2,356 960 360 744 100 2,108 406 2,406 840 124 720 1,364 0 KB/s Variable cost of electricity Fixed cost of electricity Electrical Costs $4,127 $ 4,207 $5,083 2,857 $ 1,871 $ $ 2,696 2.696 $ 4,670 $ 5,148 anscribed Text $ 2,691 $ 1,588 $ 2,454 $ 3,529 ? Seasonal factors like winter or summer. J Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your Intermediate calculations. Round your…
• Due: Wednesday October 6th, 2021 by 10:00 a.m. • Submitted thru Blackboard as a Word document or PDF Although I do not require your rough work, please show each of the steps you followed in arriving at your final answer Problem: The restaurant of a 165-room year-round resort hotel depends entirely on its room guests for its revenue. Average annual room occupancy is 77%. On average, 3.6 people occupy each room in use. We know from past experience that 82% of the guests will eat breakfast, 27% will eat lunch, and 55% will eat dinner in the resort's dining room. The average checks per meal are: Breakfast Lunch Dinner $8.50 $12.25 $19.87 The restaurant is open every day of the year. Calculate the annual (for 365 days) food revenue for a non-leap year, showing your calculations. *ensure all calculations are rounded to two decimal places to arrive at the correct answer 18°C Clou
The ABD Hotel's guest-days ofoccupancy and custodial supplies expense over the last seven |months were: Custodial Guest Days Supplies Month Expense 375,000 Оссирancy 4,000 6,500 8,000 10,500 March April May June July August September 412,500 525,000 600,000 675,000 537,500 487,500 12,000 9,000 7,500 Guest-days is a measure of the overall activity at the hotel. For example, a guest who stays at the hotel for three days is counted as three guest-days. Required: Using the high-low method, estimate a cost formula for custodial supplies expense. Using the cost formula you derived above, what amount of custodial supplies would you expect to be incurred at an occupancy level of 11,000 guest-days? 2
G Curtis Party Rentals offers party equipment such as tents, tables, chairs, and so on for outdoor events. The rental fees average $870 per event. Curtis receives a 15 percent deposit two months before the event, 60 percent the month before, and the remainder on the day the equipment is delivered and set up. Planners at Curtis estimate the following number of events for the last half of the current year: July August September October November December 260 280 330 240 200 230 Required: a. What are the expected revenues for Curtis Party Rentals for each month, July through December? Revenues are recorded in the month of the event. b. What are the expected cash receipts for each month, July through October? Complete this question by entering your answers in the tabs below.
Nick Andrewson uses gas to heat his home. He has accumulated the following information regarding his monthly gas bill and monthly heating degree-days. The heating degree-days value for a month is found by first subtracting the average temperature for each day from 65 degrees and then summing these daily amounts together for the month. Month Heating Degree-Days Gas Bill February 850 $129 April 300 $ 52
he Amano Hotel has accumulated records of the total electrical costs of the Hotel and the number of occupancy-days over the last year. An occupancy- day represents a room rented out for one day. The hotel's business is highly Seasonal, with peaks occurring during the ski season and in the summer. Month January. February.. March.. Electrical Costs Оссирапсу-Days 2,604 2,856 3,534 1,440 P6,257 P6,550 P7,986 P4,022 P2,289 P3,591 P7,264 P8,111 P3,707 P1,712 Р3,321 P5,196 April.. Мay. June.. 540 July. August... September. October.. 1,116 3,162 3,608 1,260 186 1,080 2,046 November. December....
The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented out for one day. The hotel’s business is highly seasonal, with peaks occurring during the ski season and in the summer. Month Occupancy-Days Electrical Costs January . . . . . . . . 1,736 $4,127 February . . . . . . . 1,904 $4,207 March . . . . . . . . . 2,356 $5,083 April . . . . . . . . . . 960 $2,857 May . . . . . . . . . . . 360 $1,871 June . . . . . . . . . . 744 $2,696 July . . . . . . . . . . . 2,108 $4,670 August . . . . . . . . 2,406 $5,148 September . . . . . 840 $2,691 October . . . . . . . 124 $1,588 November . . . . . .…
The following information is available about electricity costs for the first six months of the year. Management think that electricity costs are likely to be related to how long machines are running. Month Machinehours ElectricityCost January 2,800 $2,925 February 5,600 $5,526 March 6,200 $5,980 April 3,500 $3,620 May 2,300 $2,470 June 4,500 $4,450 You may wish to refer to the formula sheet to answer this question. If you haven't already downloaded it, you can download it here. Required: Using the high-low method, In July the firm plans to use 5,400 machine hours. Estimate the electricity cost using your equation from (c). (3 marks)
The following information is available about electricity costs for the first six months of the year. Management think that electricity costs are likely to be related to how long machines are running. Month Machinehours ElectricityCost January 2,800 $2,925 February 5,600 $5,526 March 6,200 $5,980 April 3,500 $3,620 May 2,300 $2,470 June 4,500 $4,450 You may wish to refer to the formula sheet to answer this question. If you haven't already downloaded it, you can download it here. Required: Using the high-low method, (a) calculate the fixed costs b. state the cost formula for estimating the electricity cost based on the machine hours