The following is the same set of operational information about a local motel used in the previous question. The motel has 200 rooms in its property. It operates 365 days every year. (Ignore the leap year in calculation process.) Please be advised that the Year "n" is the most recent year. Year Occupancy Rate ADR n-5 70% $120 n-4 72% $130 n-3 69% $170 n-2 70% $168 n-1 68% $174 n 72% $180 n+1 n+2 Based on your finding on the previous question; using the method of 3-Year Moving Average, project the annual rooms revenues ($) of the motel above for the second year ("n +2") from the current year ("n"). The number of days of operations, and the number of rooms available for sales will remain the same (200) for the next few years. Again, ignore the leap year. All years have 365 operating days. Please provide just the number with NO "$" or " for your answer in the nearest dollar (with no cents). For example, if your answer is $123,456.49; then put just 123456.
The following is the same set of operational information about a local motel used in the previous question. The motel has 200 rooms in its property. It operates 365 days every year. (Ignore the leap year in calculation process.) Please be advised that the Year "n" is the most recent year. Year Occupancy Rate ADR n-5 70% $120 n-4 72% $130 n-3 69% $170 n-2 70% $168 n-1 68% $174 n 72% $180 n+1 n+2 Based on your finding on the previous question; using the method of 3-Year Moving Average, project the annual rooms revenues ($) of the motel above for the second year ("n +2") from the current year ("n"). The number of days of operations, and the number of rooms available for sales will remain the same (200) for the next few years. Again, ignore the leap year. All years have 365 operating days. Please provide just the number with NO "$" or " for your answer in the nearest dollar (with no cents). For example, if your answer is $123,456.49; then put just 123456.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following is the same set of operational information about a local motel used in the previous question. The
motel has 200 rooms in its property. It operates 365 days every year. (Ignore the leap year in calculation
process.) Please be advised that the Year "n" is the most recent year.
Year Occupancy Rate
ADR
n-5
70%
$120
n-4
72%
$130
n-3
69%
$170
n-2
70%
$168
n-1
68%
$174
n
72%
$180
n+1
n+2
Based on your finding on the previous question; using the method of 3-Year Moving Average, project the annual
rooms revenues ($) of the motel above for the second year ("n +2") from the current year ("n"). The number of
days of operations, and the number of rooms available for sales will remain the same (200) for the next few years.
Again, ignore the leap year. All years have 365 operating days. Please provide just the number with NO "$" or "
for your answer in the nearest dollar (with no cents). For example, if your answer is $123,456.49; then put just
123456.
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