Financial And Managerial Accounting
15th Edition
ISBN: 9781337902663
Author: WARREN, Carl S.
Publisher: Cengage Learning,
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Textbook Question
Chapter 15, Problem 3MAD
Comparing occupancy for two hotels
Sunrise Suites and Nationwide Inns operate competing hotel chains across the region. Hotel capacity information for both hotels is as follows:
Information on the number of guests for each hotel and the average length of visit for June were as follows:
- A. Determine the guest nights for each hotel in June.
- B. Determine the room nights for each hotel in June.
- C. Determine the occupancy rate of each hotel in June.
- D. Interpret the results in (C).
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Sunrise Suites and Nationwide Inns operate competing hotel chains across the region. Hotel capacity information for both hotels is as follows:
Number of Hotels
Average Number of Rooms per Hotel
Sunrise Suites
120
90
Nationwide Inns
150
76
Information on the number of guests for each hotel and the average length of visit for June were as follows:
Number of Guests
Average Length of Visit (in Nights)
Sunrise Suites
183,600
1.5
Nationwide Inns
228,000
1.2
a. Determine the guest nights for each hotel in June.
Guest Nights
Sunrise Suites
fill in the blank 1
Nationwide Inns
fill in the blank 2
b. Determine the room nights for each hotel in June.
Room Nights
Sunrise Suites
fill in the blank 3
Nationwide Inns
fill in the blank 4
c. Determine the occupancy rate of each hotel in June.
Occupancy Rate
Sunrise Suites
fill in the blank 5
%
Nationwide Inns
fill…
Stay-4-Ever is a small motel chain with locations in the northeastern United States. The chain has a total of 200 rooms. The following operating data are available for July:
Number of Guests. Nights per Visit Guest Nights
1,600 1 1,600
750 2 1,500
275 3 825
80 4 320
19 5 95
Determine the guest nights for July.
Determine the available room nights for July.
Determine the occupancy rate for July.
Assume that the occupancy rate for July of the prior year was 75%. Has the utilization rate for Stay-4-Ever improved or declined?
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 the
subject hotel.
Rooms Available (Supply)
Rooms Sold (Demand)
Revenue
ITTI
The subject hotel
10'000
7'000
700'000
Hotel A
9'000
3'000
400'000
Hotel B
9'000
8'000
700'000
Hotel C
10'000
7'000
700'000
Hotel D
7'000
5'000
500'000
Hotel E
11'000
8'000
700'000
Hotel F
8'000
4'000
400'000
Select one:
a. 25.13%
b. 20.11%
с. 16.67%
d. 19.56%
Chapter 15 Solutions
Financial And Managerial Accounting
Ch. 15 - What are the major differences between managerial...Ch. 15 - Prob. 2DQCh. 15 - Prob. 3DQCh. 15 - Distinguish between prime costs and conversion...Ch. 15 - What is the difference between a product cost and...Ch. 15 - Name the three inventory accounts for a...Ch. 15 - In what order should the three inventories of a...Ch. 15 - What are the three categories of manufacturing...Ch. 15 - How do the manufacturing costs incurred during a...Ch. 15 - How does the Cost of goods sold section of the...
Ch. 15 - Management process Three phases of the management...Ch. 15 - Direct materials, direct labor, and factory...Ch. 15 - Prob. 3BECh. 15 - Product and period costs Identify the following...Ch. 15 - Cost of goods sold, cost of goods manufactured...Ch. 15 - Prob. 6BECh. 15 - Prob. 1ECh. 15 - Indicate whether the following costs of Procter ...Ch. 15 - Prob. 3ECh. 15 - For apparel manufacturer Abercrombie Fitch, Inc....Ch. 15 - From the choices presented in parentheses, choose...Ch. 15 - From the choices presented in parentheses, choose...Ch. 15 - Classifying costs In a service company A partial...Ch. 15 - Classifying costs The following is a manufacturing...Ch. 15 - Financial statements of a manufacturing firm The...Ch. 15 - Manufacturing company balance sheet Partial...Ch. 15 - Cost of direct materials used in production for a...Ch. 15 - Cost of goods manufactured for a manufacturing...Ch. 15 - Cost of goods manufactured for a manufacturing...Ch. 15 - Income statement for a manufacturing company Two...Ch. 15 - Statement of cost of goods manufactured for a...Ch. 15 - Cost of goods sold, profit margin, and net income...Ch. 15 - Cost flow relationships The following information...Ch. 15 - The following is a list of costs that were...Ch. 15 - The following is a list of costs incurred by...Ch. 15 - A partial list of Foothills Medical Centers costs...Ch. 15 - Manufacturing income statement, statement of cost...Ch. 15 - Statement of cost of goods manufactured and income...Ch. 15 - The following is a list of costs that were...Ch. 15 - Prob. 2PBCh. 15 - A partial list of The Grand Hotels costs follows:...Ch. 15 - Several items are omitted from the income...Ch. 15 - Statement of cost of goods manufactured and income...Ch. 15 - Comfort Plus, Inc., has a hotel with 300 rooms in...Ch. 15 - Hilton Hotels and Marriott International:...Ch. 15 - Comparing occupancy for two hotels Sunrise Suites...Ch. 15 - Prob. 4MADCh. 15 - Prob. 5MADCh. 15 - Prob. 1TIFCh. 15 - Communication Todd Johnson is the Vice President...Ch. 15 - For each of the following managers, describe how...Ch. 15 - The following situations describe scenarios that...Ch. 15 - Geek Chic Company provides computer repair...Ch. 15 - Which of the following items would not be...Ch. 15 - Prob. 2CMACh. 15 - A firm has 100,000 in direct materials costs,...Ch. 15 - In practice, items such as wood screws and glue...
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