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eBook Show Me How Question Content Area Occupancy Rate Jakes Cabins is a...

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Question

Accounting

eBook Show Me How
Question Content Area
Occupancy Rate
Jakes Cabins is a small motel chain with locations near the national parks of Utah, Wyoming, and Montana. The chain has a total of 500 guest rooms. The following operating data are available for June:
Number of
Guests Nights
per Visit Guest
Nights
4,40014,400
1,80023,600
75032,250
60042,400
205100
a. Determine the guest nights for June.
fill in the blank 1 of 3
7,570
b. Determine the available room nights for June.
fill in the blank 2 of 3
15,000
c. Determine the occupancy rate for June.
fill in the blank 3 of 3
50.47
%
d. Assume that the occupancy rate for June of the prior year was 82%. Has the utilization rate for Jakes Cabins improved or declined?
Declined

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