The Average Number of Hotel Rooms Occupied Per Day During

question 1

Essay

The average number of hotel rooms occupied per day during the month of March is 225.Rooms are booked on average for 2.5 days.On average, how many new bookings occur each day?

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Definitions:

Ledger Balance

The balance of a bank account at the start of each day, including all deposits and withdrawals that have been posted to the account.

Miller-Orr Model

A model used to manage cash balances by setting upper and lower limits on cash reserves, triggering transfers to optimize interest and liquidity.

Upper Limit

The maximum level or boundary allowed or possible, often used in the context of production, spending, or other types of limits.

Cash Concentration

A treasury management strategy where a company consolidates its cash balances into one account to optimize liquidity and manage its cash more efficiently.