The following are selected items from Oak Hotel's most recent financial 2020 2019 Food & Beverage Revenue $1,231,000 $1,150,000 Room Rental Revenue $3,180,000 $2,921,000 Number of Rooms 93 Occupancy Rate 76% a) Determine the food and beverage sales to room rental revenue percentage for 2019 and 2020. Do not enter dollar signs or commas in the input boxes. Round the percent of food and beverage revenue to room rental revenue to 1 decimal place. 93 82% Percent of Food & Beverage Revenue to Room Rental Revenue 38.70 Sales Revenue per Available Room $ Check 2020 2020 b) The hotel is open 365 days a year. Determine the sales revenue per available room for 2019 and 2020. Do not enter dollar signs or commas in the input boxes. Round the sales revenue per available room to 2 decimal places. 2019 % 39.40 2019 %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Sh11

The following are selected items from Oak Hotel's most recent financial statements.
2020
2019
Food & Beverage Revenue $1,231,000 $1,150,000
Room Rental Revenue
$3,180,000 $2,921,000
Number of Rooms
93
Occupancy Rate
76%
a) Determine the food and beverage sales to room rental revenue percentage for 2019 and 2020.
93
82%
Do not enter dollar signs or commas in the input boxes.
Round the percent of food and beverage revenue to room rental revenue to 1 decimal place.
Sales Revenue per Available Room $
Check
2020
2020
Percent of Food & Beverage Revenue to Room Rental Revenue 38.70
b) The hotel is open 365 days a year. Determine the sales revenue per available room for 2019 and 2020.
Do not enter dollar signs or commas in the input boxes.
Round the sales revenue per available room to 2 decimal places.
2019
% 39.40
2019
%
Transcribed Image Text:The following are selected items from Oak Hotel's most recent financial statements. 2020 2019 Food & Beverage Revenue $1,231,000 $1,150,000 Room Rental Revenue $3,180,000 $2,921,000 Number of Rooms 93 Occupancy Rate 76% a) Determine the food and beverage sales to room rental revenue percentage for 2019 and 2020. 93 82% Do not enter dollar signs or commas in the input boxes. Round the percent of food and beverage revenue to room rental revenue to 1 decimal place. Sales Revenue per Available Room $ Check 2020 2020 Percent of Food & Beverage Revenue to Room Rental Revenue 38.70 b) The hotel is open 365 days a year. Determine the sales revenue per available room for 2019 and 2020. Do not enter dollar signs or commas in the input boxes. Round the sales revenue per available room to 2 decimal places. 2019 % 39.40 2019 %
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Double entry bookkeeping system
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education