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Alexxx [7]
2 years ago
12

The 100-room Fantastic Florida motor lodge accepts only cash for its guests. On Saturday evening the hotel had 90 of its rooms o

ccupied and total cash receipts for the evening totaled $9,000.00. What was the motor lodge's average daily rate (ADR) for that particular evening?
Business
1 answer:
Fudgin [204]2 years ago
4 0

Answer:

The ADR is $100

Explanation:

The average daily rate (ADR) for a hotel is calculated by taking the average revenue earned from rooms and dividing it by the number of rooms sold.

In the scenario presented above, the lodge has one hundred rooms, but sold only ninety rooms, making $9,000. Therefore, we calculate the ADR as follows:

=> $9,000/90

=> $100.

Therefore the average daily rate is $100, meaning that, on average $100 was made per room that was sold.

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Answer:

Dr Inventory Purchases $250

Cr Trade Payables              $250

Explanation:

At the time of the purchase, Inventory purchases which is an asset in nature has been increased and hence must be debited by $250 and similarly the Payable has been increased which is liability in nature and hence must be credited with $250. The entry would be as under:

Dr Inventory Purchases $250

Cr Trade Payables              $250

4 0
2 years ago
__________ tend to heighten anxiety and aggression, making worse all of the judgmental deficiencies associated with these altere
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3 years ago
The general manager at the Las Vegas Convention Center is planning to expand its functional area, especially the operations depa
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A. Customer service friendliness and genuinenss in helping guest

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3 years ago
rguments for adopting a policy rule include A. discretion avoids the straitjacket that would lock in the wrong policy if the mod
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Answer:

C. discretionary policies pursue overly expansionary monetary policies to boost employment in the short run but generate higher inflation in the long run.

Explanation:

Arguments for adopting a policy rule include;

- discretionary policies pursue overly expansionary monetary policies to boost employment in the short run but generate higher inflation in the long run.

- discretion enables policymakers to change policy settings when an economy undergoes structural changes.

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3 0
3 years ago
Present value is not: a. The sum of a series of payments. b. Always smaller than the future value. c. The amount that must be in
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Answer:

The answer is A.

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2 years ago
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