recently, the management of the brugge luxury hotel has projected that they can generate $150,000 and $152,000 in revenues in 2011 and 2012 respectively. however, the total revenues were actually $155,000 and $160,000 in 2011 and 2012 respectively. if the management would like to sell 2,500 rooms in 2013, what is the forecasted adr in 2013? group of answer choices $56.78 $60.80 $62.08 $61.10

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08-12-2022
Business

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recently, the management of the brugge luxury hotel has projected that they can generate $150,000 and $152,000 in revenues in 2011 and 2012 respectively. however, the total revenues were actually $155,000 and $160,000 in 2011 and 2012 respectively. if the management would like to sell 2,500 rooms in 2013, what is the forecasted adr in 2013? group of answer choices $56.78 $60.80 $62.08 $61.10

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contexto1026 contexto1026 · Answer 1 · 2022-12-15T09:29:32+01:00

The forecasted ADR in 2013 is $61.10. Option (d)

The whole amount of money made by selling the customers' goods or services is referred to as revenue. The top of a company's income statement displays revenue. Revenues are frequently substituted with the word income. Sales, service revenues, earned fees, interest revenue, and interest income are a few examples of revenue accounts.

Revenue accounts typically contain credit balances because they are credited when services are rendered and billed. Profit refers to net income after deducting expenses from earnings, whereas revenue refers to income gained through business operations. Sales, fee-based income, and property-based income are just a few of the several ways that money might come in.

Expected Total revenues in 2011 and 2012 = $150,000+$152,000 = $302000

Actual Total revenues = 155,000 + 160,000 = 315000

Actual Difference in revenues = Expected - Actual

= $302000 - $315000

= - $13000 ( minus indicates loss)

forecasted in 2013= (13000 / 2,500)*100

= $61.10

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Correct Question:

Recently, the management of the brugge luxury hotel has projected that they can generate $150,000 and $152,000 in revenues in 2011 and 2012 respectively. however, the total revenues were actually $155,000 and $160,000 in 2011 and 2012 respectively. if the management would like to sell 2,500 rooms in 2013, what is the forecasted adr in 2013? group of answer choices

1. $56.78

2. $60.80

3. $62.08

4. $61.10