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Accounting for Decision Making - PDF

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Added on  2020-04-21

Accounting for Decision Making - PDF

   Added on 2020-04-21

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Running head: ACCOUNTING FOR DECISION MAKINGAccounting for decision makingName of the universityName of the studentAuthors note
Accounting for Decision Making - PDF_1
1ACCOUNTING FOR DECISION MAKING Table of ContentsRequirement 1:.................................................................................................................................2Requirement 2:.................................................................................................................................2Part b):.............................................................................................................................................3Question 2.57:..................................................................................................................................3Requirement 1:.................................................................................................................................3Requirement 2:.................................................................................................................................3Part c):..............................................................................................................................................5Question 10.32:................................................................................................................................5Requirement 1:.................................................................................................................................5Requirement 2:.................................................................................................................................6References list:.................................................................................................................................7Part a):Question 9.45:
Accounting for Decision Making - PDF_2
2ACCOUNTING FOR DECISION MAKING Requirement 1:Increment of room rate10%0%MonthDecemberJanuaryFebruaryNo of Rooms202020Average room rate $180.00$198.00$198.00Occupancy rate90%95%85%Budgeted room revenue$3,240.00$3,762.00$3,366.00Requirement 2:The occupancy rate of hotel is total number of rooms in hotel that have been bookedby customers and it is expressed as percentage of room booked. One of the most vital factor forhotels is occupancy rates. Hotel revenue is dependent on occupancy rates and hotel capacitybeing more than occupancy rate is indicative of losing selling opportunities and decliningrevenue. Management of Dorquay hotel could estimate occupancy rates by given two standardsand they are:Room occupancy rate- Occupancy rates of hotel as per this standard is expressed inthe form of relationship between total numbers of rooms in hotel that can actually be occupiedand numbers of room occupied by inmates. This is a rule of thumb approach (Anderson et al.,2015). However, management of hotel can implement other method for estimating roomoccupancy rates such as market condition approach and Hubbart formula approach. Bed occupancy rates- Occupancy rates of hotel as per this standard is estimated byrelationship between capacity of hotels and number of beds that are occupied by hotel inmatesand guests. Capacity of hotel is the total number of beds that can be offered by hotel to theirguests.
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