Use the table provided below showing rooms available, rooms sold and rooms revenue for 7 properties (subject hotel + comp set) for one month to compute market share in revenue for thesubject hotel.Rooms Available (Supply)Rooms Sold (Demand)ITIRevenueThe subject hotel10'0007'000700'000Hotel A9'0003'000400'000Hotel B9'0008'000700'000Hotel C10'0007'000700'000Hotel D7'0005'000500'000Hotel E11'0008'000700'000Hotel F8'0004'000400'000Select one:a. 25.12%b. 48.50%c. None of the above /d. 18.47% Use the table provided below showing rooms available, rooms sold and rooms revenue for 7 properties (subject hotel + comp set) for one month to compute actual market share for thesubject hotel.Rooms Available (Supply)Rooms Sold (Demand)RevenueITTIThe subject hotel10'0007'000700'000Hotel A9'0003'000400'000Hotel B9'0008'000700'000Hotel C10'0007'000700'000Hotel D7'0005'000500'000Hotel E11'0008'000700'000Hotel F8'0004'000400'000Select one:a. 25.13%b. 20.11%с. 16.67%d. 19.56%

Calculation of market share is done by dividing the relevant particular of subject hotel with the…

Answered: Use the table provided below showing…

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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