If Room Sales Are $50,000 in One Day with 400

question 53

Multiple Choice

If room sales are $50,000 in one day with 400 rooms available, the revenue per available room would be:

• A)$110.00
• B)$125.00
• C)$225.00
• D)$200.00

---

Definitions:

Perpetual Inventory System

A perpetual inventory system is a method of accounting for inventory that records sales and purchases of goods in real-time through an inventory management system, offering accurate and up-to-date stock levels.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus cost of goods sold.

LIFO

"Last In, First Out," an inventory valuation method where goods purchased last are the first to be used or sold.

Perpetual Inventory System

A method of inventory management that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.