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Seneca College *

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440

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Accounting

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Nov 24, 2024

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pdf

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2

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10/30/23, 8:27 PM Chapter 5 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4638433&cmid=1260506&page=9 1/2 Dashboard / My courses / [Seneca 09/2023] HTM440NHA - Nardi / CHAPTER 5 - Pricing Methods / Chapter 5 Quiz Question 10 Correct Mark 1.00 out of 1.00 Which formula is used to calculate room rate using the Per $1,000 method? Select one: a. Occupancy rate ÷ Number of rooms ÷ $1,000 b. Building cost ÷ Number of rooms × $1,000 c. RevPAR ÷ Number of rooms ÷ $1,000 d. Building cost ÷ Number of rooms ÷ $1,000 Your answer is correct. Explanation: The formula used to calculate room rate using the Per $1,000 method is Building cost ÷ Number of rooms ÷ $1,000. The correct answer is: Building cost ÷ Number of rooms ÷ $1,000
10/30/23, 8:27 PM Chapter 5 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4638433&cmid=1260506&page=9 2/2
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