20212022RevPARJanFebMarAprMayJunJulAugSepOctNovDecJanFebMy Property60.3845.6262.3869.1475.7355.8268.8666.3963.7072.8581.3050.3939.3253.03Comp Set43.4557.7562.7667.2968.5258.2873.2374.0364.8368.7666.0144.2643.6653.13Index (RGI)105.00104.5599.39102.74110.5395.7994.0489.6898.26105.94123.18113.8590.0599.82Rank5 of 74 of 7s of ?S of ?4 of 75 of 7 6 of 76 of 75 of 74 of 72 of 73 of 76 of 74 of 7Based on the sample excerpt above, which one of the following is anaccurate statement regarding the historic performance of this hotel?A) For the last six months, the subject hotel consistently winsthe RevPAR battle against the comp set.B) For the last six months, the subject hotel consistently losesthe RevPAR battle against the comp set.C) For the last six months, the subject hotel wins and loses theRevPAR battle against the comp set. The number of winningmonths is the same as the number of losing months.D) The subject hotel beat the comp set considerably during themonths of June, July and August when it comes to RevPAR.

RevPAR refers to revenue per available room. This is an important operational and financial metric…

Answered: Based on the sample excerpt above,…

Based on the sample excerpt above, which one of the following is an accurate statement regarding the historic performance of this hotel?

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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Concept explainers

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.

Question

2021
2022
RevPAR
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
My Property
60.38
45.62
62.38
69.14
75.73
55.82
68.86
66.39
63.70
72.85
81.30
50.39
39.32
53.03
Comp Set
43.45
57.75
62.76
67.29
68.52
58.28
73.23
74.03
64.83
68.76
66.01
44.26
43.66
53.13
Index (RGI)
105.00
104.55
99.39
102.74
110.53
95.79
94.04
89.68
98.26
105.94
123.18
113.85
90.05
99.82
Rank
5 of 7
4 of 7
s of ?
S of ?
4 of 7
5 of 7 6 of 7
6 of 7
5 of 7
4 of 7
2 of 7
3 of 7
6 of 7
4 of 7
Based on the sample excerpt above, which one of the following is an
accurate statement regarding the historic performance of this hotel?
A) For the last six months, the subject hotel consistently wins
the RevPAR battle against the comp set.
B) For the last six months, the subject hotel consistently loses
the RevPAR battle against the comp set.
C) For the last six months, the subject hotel wins and loses the
RevPAR battle against the comp set. The number of winning
months is the same as the number of losing months.
D) The subject hotel beat the comp set considerably during the
months of June, July and August when it comes to RevPAR.

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