Questions
254_AC360 Financial & Managerial Accounting
Numerical
If the average room rate is $50 when 500 rooms are sold, and if the multiple occupancy is 60% and double rooms are priced $17 higher than single rooms, compute the double room rate
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To solve this, I’ll break down the information and set up the relationship between single and double room prices.
- First, total rooms sold = 500. The multiple occupancy (double rooms) ......Login to view full explanationLog in for full answers
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