A Hotel Typically Incurs a Cost of $45 to Clean

question 19

Essay

A hotel typically incurs a cost of $45 to clean each room before guest arrival.Each room generates revenue of $155.00 per night.Using Goal Seek,how many rooms must be occupied nightly in order to realize a daily profit of $20,000?

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Definitions:

Inside Director

A board member who is an employee, officer, or stakeholder in the company, providing insight into internal management affairs.

Officer

An individual appointed by a company's board of directors who is charged with managing the day-to-day operations of the company.

Incorporation Process

The series of legal steps taken to form a corporate entity or company which is recognized by law as a separate legal entity from its owners.

Majority Vote

A voting requirement where more than half of the votes cast by individuals entitled to vote are needed to make a decision or pass a resolution.