The management of Folt Golt Hotel, which has 40 rooms on daily basis, has
projected that the occupancy will be 50.00% with total revenue of 700,000
and total expenses of 80,000 for the next year.The income tax bracket is
40.00% Assume that Folt &Golt only has single and double rooms with a
double occupancy of 65.00% The double rooms are sold at a premium of
25.00% over singles. Based on the information given, what are the individual
ADRs for both single and double rooms for Folt & Golt (assume that there are
365 days in a year)?
41.25 ADR of a single room and 54.80 ADR of a double room
43.84 ADR of a single room and 54.80 ADR of a double room
40.70 ADR of a single room and 50.15 ADR of a double room
45.55 ADR of a single room and 60.38 ADR of a double room