Question

Management Accounting Assignment-2( Due 9 Am March 28) Set: Students First And Last Name________________________________ Instruction: Do This Assignment In Groups Of Two Students. To Obtain Full Mark, You Must Show Management Accounting Assignment-2( Due 9 am march 28) Set: Students first and Last name: ________________________________________________Do this assignment in groups of two students. To obtain full mark, you must show your work for each question. A hotel has 250 rooms available for sale. Last year the hotel sold 73,000 rooms, and had $8,760,000 rooms revenue. What was the hotel’s occupancy percentage last year?

Answer 1

The occupancy rate for the hotel last year, based on selling 73,000 rooms out of 250 available, is 29,200%.

Step-by-step explanation:

To find the occupancy percentage of the hotel last year, we need to calculate the occupancy rate. The occupancy rate is the ratio of the number of rooms sold to the total number of rooms available for sale. In this case, the hotel sold 73,000 rooms out of 250 available rooms.

The occupancy rate can be calculated as follows:

Occupancy rate = (Number of rooms sold / Total number of rooms available) x 100

Plugging in the values:

Occupancy rate = (73,000 / 250) x 100

Occupancy rate = 29.2%