Answered

Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Calculate the yield statistic for a hotel with an actual room revenue of $525,800 and a potential rooms revenue of $600,500.

Sagot :

MrRoyal

Answer:

The yield statistic is: 87.6%

Step-by-step explanation:

Given

[tex]ARR = \$525800[/tex]

[tex]PRR = \$600500[/tex]

Required

Determine the yield statistic

This is calculated as:

[tex]Yield = \frac{ARR}{PRR}[/tex]

[tex]Yield = \frac{\$525800}{\$600500}[/tex]

[tex]Yield = \frac{525800}{600500}[/tex]

[tex]Yield = 0.87560366361[/tex]

Approximate

[tex]Yield \approx 0.876[/tex]

Express as percentage

[tex]Yield \approx 87.6\%[/tex]

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.