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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]

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