3 1. Calculate the Average Daily Rate for the following hotels4(2 Decimal Places)>57B90129 ThHotel AHotel BHotel CHotel DHotel ETotalROOMSAVAILABLE2501472362453870ROOMS SOLD210134133197307OCC %84.00%91.16%56.36%80.41%79.28%77.55%REVENUE$ 34,230.00$ 20,368.00$ 24,871.00$ 27,186.00$ 38,068.00ADRSheraton Toronto has 752 rooms and the following business volumes for the week of November 7th to 13th. C

Average daily rate refers to the method which is calculated by taking the total revenue earned…

Calculate the Average Daily Rate for the following hotels (2 Decimal Places) Hotel A Hotel B Hotel C Hotel D Hotel E Total ROOMS AVAILABLE 250 147 236 245 387 ROOMS SOLD 210 134 133 197 307 00 FOR OCC% 84.00% 91.16% 56.36% 80.41% 79.28% 77.55% 55% REVENUE $ 34,230.00 $ 20,368.00 $ 24,871.00 $ 27,186.00 $ 38,068.00 ADR

Calculate the Average Daily Rate for the following hotels (2 Decimal Places) Hotel A Hotel B Hotel C Hotel D Hotel E Total ROOMS AVAILABLE 250 147 236 245 387 ROOMS SOLD 210 134 133 197 307 00 FOR OCC% 84.00% 91.16% 56.36% 80.41% 79.28% 77.55% 55% REVENUE $ 34,230.00 $ 20,368.00 $ 24,871.00 $ 27,186.00 $ 38,068.00 ADR

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

previous balance apr monthly periodic rate finance charge purchase ans cash advances payments and credits new balance
Q3: Salalah company’s recent financial statements showed the following information. Net Sales 250,000 OMR Accounts Receivables 180,000 OMR The management made two estimates for the uncollectible receivables It can be 4.5 % of net sales or It can be 3.2 % of accounts receivables Calculate and record journal entries in each case. If the company had already recognized an allowance amount of 8,000 OMR, make the journal entry. In this question, make the solution only for net sales case
3
a companys sales in year 1 350,000 and in year 2 387,500 using year 1 as the base year the percent charge for year 2 compared to the base year is 100% 12% 11% 10% 90%
pm.1
1. A company, extends credit to its customers. Total Sales is 2 Million, credit Sales is 850,000, Sales Return is 305,000, with percent of uncollectibility set at 4% What is the journal entry under percentage of net credit sales?