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

See similar textbooks

Similar questions

igmeniMalh.do?invoker=&takeAssignmentSessionLocator=&inprogress%3Dfalse Show Me How Print Item eBook Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $15,295.0 Food and packaging $(4,896.9) Payroll (4,134.2) Occupancy (rent, depreciation, etc.) (3,667.7) General, selling, and administrative expenses (2,384.5) $(15,083.3) Operating income $211.7 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest tenth of a million (one decimal place). million b. What is McDonald's contribution margin ratio? Round to one decimal place. % c. How much would operating income increase if same-store sales increased by $800 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the nearest…
Engberg Company installs lawn sod in home yards. The company's most recent monthly.contribution format Income statement follows: Percent of Sales 100% Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 92,000 36,800 55,200. 44,160 $ 11,040 40% 60% Required: 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 7% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 7% increase in unit sales. Answer is not complete. Complete this question by entering your answers in the tabs below. increases Required 1 Required 2 Required 3 Using the degree of operating leverage, estimate the impact on net operating income of a 7% increase in unit sales. (Round your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (.e.1234 should be entered as 12.34).) Net operating income.…
Determine the revenue per year and revenue over the lifetime of the customer
Complete the following table: Amount Number of monthly Amount of monthly Total of monthly Total finance Purchase price of product Schwinn Mountain Bike Down payment financed payments payments payments charge 238 %24 100 12 12.50 acer %24 %24
table belom shows the financial statements of a fan components supplier company that started it's operation in 1st January 2021.Calculate the profit and loss statement for the year ended December 2021.
analysis which brand would be the most profitable with what entry mode ?
XYZ Company has net income of $1,000, revenues of $10,000, total assets of 50,000, current assets of $3,000 and current liabilities of $1500. What is their profit margin? Group of answer choices 2% 200% 2 10%
eBook Determining missing items in return on investment and residual income computations The following table presents various rates of return on investment and residual incomes: InvestedAssets OperatingIncome Return onInvestment MinimumRate ofReturn MinimumAcceptableOperatingIncome ResidualIncome $980,000 $215,600 (a) 12% (b) (c) 520,000 (d) (e) (f) $62,400 $20,800 320,000 (g) 14% (h) 35,200 (i) 240,000 50,400 (j) 12% (k) (l) Determine the missing items, identifying each item by the appropriate letter. Round dollar amounts to the nearest whole number. Answer a. fill in the blank 1 % b. $fill in the blank 2 c. $fill in the blank 3 d. $fill in the blank 4 e. fill in the blank 5 % f. fill in the blank 6 % g. $fill in the blank 7 h. fill in the blank 8 % i. $fill in the blank 9 j. fill in the blank 10 % k. $fill in the blank 11 l. $fill in the blank 12
The unallocated income statement of De Souza Motel is shown below: Rooms F&B Total Revenue 257,000 133,000 390,000 Cost of Sales 48,000 48,000 Payroll and Related Expenses 60,000 30,000 90,000 Other Direct Expenses 40,000 12,000 52,000 Total Expenses 100,000 90,000 190,000 Departmental Income 157,000 43,000 200,000 Administrative &General 60,000 Sales&Marketing 25,000 POM&Utility costs 20,000 GOP 95,000 Insurance 10,000 Depreciation 12,000 Total Fixed Charges 22,000 Income Before Income Taxes 73,000 Income Taxes 30,000 Net Income 47,000 Square Footage: Rooms- 120,000; F&B- 70,000 Required: 1.Which costs are indirect costs? Explain why! 2.Using square footage and the unallocated income statement , prepare a fully allocated income statement.…
1. Complete the following table: Purchase priceof product Downpayment Amountfinanced Number of monthly payments Amount of monthly payments Total of monthly payments Total financecharge Apple iPhone $301 $100 $ 12 $21.00 $ $
The unallocated income statement of de Souza Motel is shown below: Rooms F&B Total Revenue 257,000 130,000 387,000 Cost of Sales 48,000 48,000 Payroll and Related Expenses 60,000 30,000 90,000 Other Direct Expenses 40,000 12,000 52,000 Total Expenses 100,000 90,000 190,000 Departmental Income 157,000 40,000 197,000 Administrative &General 60,000 Sales& Marketing 25,000 POM& Utility costs 20,000 GOP 92,000 Insurance 10,000 Depreciation 12,000 Total Fixed Charges 22,000 Income Before Income Taxes 70,000 Income Taxes 30,000 Net income 44,000 Additional Information: Square Footage: Rooms: 120,000 F&B 80,000 Answers: (Correct or Wrong) Rooms department income before taxes is 67,600 F&B department income before taxes is (2,000) The De Souza Motel…
Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Sales Sale Price 9,400 units 27 Date Number of Units Unit Cost Total Cost Beginning 1,500 10.30 $15,450 March 12 2,700 10.20 27,540 June 5 1,400 10.10 14,140 October 22 5,300 9.90 52,470 Totals 10,900 $109,600 Required: 1. Use your spreadsheet to recalculate the Cost of Goods Sold, Inventory balances, and Gross Profit under each method and enter your results below: (Round your answers to the nearest whole dollar amount.). FIFO LIFO Weighted Average Cost of Goods Sold Ending Inventory Gross Profit < Prev ♡ 14 of 14 Next

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS