Little Floyd
11/22/2023 · Middle School

Now that you have identified which formula is used to calculate each metric, fill in the fields below to complete the daily report. Use this information to complete the calculations, \( \begin{array}{ll}\text { Total Rooms: } 600 & \text { Rooms Available: } 575 \\ \text { Rooms Sold: } 550 & \text { Room Revenue: } \$ 55,000 \\ \text { Enter correct values in the following calculations, and click Submit. } \\ \text { Rooms Occupancy Percentage: } \\ \text { Reverage Daily Rate: }\end{array} \)

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To complete the daily report, we need to calculate the Rooms Occupancy Percentage and the Average Daily Rate (ADR) using the provided data. 1. **Rooms Occupancy Percentage** is calculated using the formula: \[ \text{Occupancy Percentage} = \left( \frac{\text{Rooms Sold}}{\text{Rooms Available}} \right) \times 100 \] Plugging in the values: \[ \text{Occupancy Percentage} = \left( \frac{550}{575} \right) \times 100 \approx 95.65\% \] 2. **Average Daily Rate (ADR)** is calculated using the formula: \[ \text{ADR} = \frac{\text{Room Revenue}}{\text{Rooms Sold}} \] Plugging in the values: \[ \text{ADR} = \frac{55,000}{550} = 100 \] Now, we can fill in the fields: - **Rooms Occupancy Percentage:** 95.65% - **Average Daily Rate:** $100 You can now submit these values.

Quick Answer

- **Rooms Occupancy Percentage:** 95.65% - **Average Daily Rate:** $100
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