Problem 17The Hodges, a 300-room hotel, has provided you with thefollowing data for the...Problem...

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Accounting

Problem 17
The Hodges, a 300-room hotel, has provided you with thefollowing data for the months of June and July:
                                                                June                   July
                           Single roomssold                 2,400                  2,418
                           Double roomssold               4,200                  4,278
                           Roomrevenue                  $396,000                      $339,000
                           Number of paidguests9,900                  9,910
Required:
Compute the following for June and July.
Paid occupancy percentage
Multiple occupancy percentage
Average number of guests per double room sold (assume that onlyone guest stayed in each single room sold)
Monthly ADR
Monthly RevPar
Was the Hodges financial performance better in June or July?(Assume that fixed costs were constant and that the variable costsper room sold remained constant. Support your answer with detaileddiscussion.

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4.4 Ratings (795 Votes)

a b June July No of days 3000 3100 Total rooms 10000 10000 Rooms per month 300000 310000 Single rooms sold 240000 241800 Double rooms sold 420000 427800 Total rooms occupied 660000 669600 Paid See Answer

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In: AccountingProblem 17The Hodges, a 300-room hotel, has provided you with thefollowing data for the...Problem 17The Hodges, a 300-room hotel, has provided you with thefollowing data for the months of June and July: June July Single roomssold 2,400 2,418 Double roomssold 4,200 4,278 Roomrevenue $396,000 $339,000 Number of paidguests9,900 9,910Required:Compute the following for June and July.Paid occupancy percentageMultiple occupancy percentageAverage number of guests per double room sold (assume that onlyone guest stayed in each single room sold)Monthly ADRMonthly RevParWas the Hodges financial performance better in June or July?(Assume that fixed costs were constant and that the variable costsper room sold remained constant. Support your answer with detaileddiscussion.