Question

150 unit facility averages 90% occupancy, and during a 30-day month has total revenue of $202,500, what is the average revenue per resident per month?

Answer 1

The average revenue per resident per month is calculated by dividing the total revenue by the number of occupied units, resulting in $1,500 per resident for the month.

Step-by-step explanation:

To calculate the average revenue per resident per month, we first need to figure out how many residents are occupying the facility.

With a 90% occupancy rate for the 150-unit facility, we have 150 units × 90% = 135 occupied units.

Now, we can find the average revenue per resident by dividing the total revenue for the month by the number of occupied units and the number of days in the month.

So, the average revenue per resident per month would be $202,500 ÷ 135 residents = $1,500 per resident for that month.