Happy Hotels operates a 100-room property in Palm Harbor,Florida.Occupancy rates average 97% in March and 90% in April.The average room rental rate is $150 per night.Expected revenues for April are ________.
A)$405,000
B)$418,500
C)$436,500
D)$450,000

Question

Quizplus · Accepted Answer

Expected revenues for April = Number of rooms * Occupancy rate * Average room rental rate * Number of days in April= 100 * 90% * $150 * 30= $405,000

Happy Hotels Operates a 100-Room Property in Palm Harbor,Florida