rack rate of $110, the yield is determined as follows: 100 x $75 = $7500 – Revenue Realized 200 x $110 = $22000 – Revenue Potential Answer: Yield is: 34% %3D

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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If the Aloe Hotel has 200 rooms available for sale and sells 100 rooms for $75 with a
rack rate of $110, the yield is determined as follows: 100 x $75 = $7500 – Revenue
Realized 200 x $110 = $22000 – Revenue Potential. Answer: Yield is: 34%
Transcribed Image Text:If the Aloe Hotel has 200 rooms available for sale and sells 100 rooms for $75 with a rack rate of $110, the yield is determined as follows: 100 x $75 = $7500 – Revenue Realized 200 x $110 = $22000 – Revenue Potential. Answer: Yield is: 34%
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