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ADR per room to get ROA (item1/item5)

ADR per room to get ROA (item1/item5)

FINANCIAL ACCOUNTING
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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Q.1 The Hubbart Room Rate Formula Operating Expenses Taxes and Insurance 275 Depreciation Reasonable ROA 25%) Total 340,000 2,000,800 400,000 Less Income from other sources Revenue from room sales needed $ Amount needed from room sales $ Number of rooms available (Per Day) Less allowance for vacancies (@ 350,750 Rooms available per year (item 2x 365) Number of rooms to be sold (@75%) 900,000 ADR per room to get ROA (item1/item5) $
Transcribed Image Text:Q.1 The Hubbart Room Rate Formula Operating Expenses Taxes and Insurance 275 Depreciation Reasonable ROA 25%) Total 340,000 2,000,800 400,000 Less Income from other sources Revenue from room sales needed $ Amount needed from room sales $ Number of rooms available (Per Day) Less allowance for vacancies (@ 350,750 Rooms available per year (item 2x 365) Number of rooms to be sold (@75%) 900,000 ADR per room to get ROA (item1/item5) $
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