The Alston Inn is managed by Inns, Inc. The management contract requires 6 percent of total revenue to be transferred to the replacement reserves to cover future renovations and equipment replacements. Alston Inn's debt service payment is $10,000 per month. The lodging property has 200 guestbooks, an ADR of $100, and a paid occupancy of 70 percent. Its room revenue is 70 percent of its total revenue and its net operating income is 15 percent of its total revenue. 1.) Determine the Inn's annual total revenue. 2.) Determine the Inn's annual net operating income. 3.) Determine the Inn's debt service coverage ratio for the year.

Answers

Answer 1

Answer:

1.) Inn's annual total revenue = $7,300,000

2.) Inn's annual net operating income = $1,095,000

3.) Inn's debt service coverage ratio for the year = 9.13

Explanation:

The room revenue is first calculated as follows:

Room revenue = Number of guestrooms * ADR * Percentage of occupancy * 365 days = 200 * $100 * 70% * 365 = $5,110,000

We can now proceed as follows:

1.) Determine the Inn's annual total revenue.

Annual total revenue = Room revenue / Paid occupancy percentage = $5,110,000 / 70% = $7,300,000

2.) Determine the Inn's annual net operating income

Annual net operating income = Total revenue * 15% = $7,300,000 * 15% = $1,095,000

3.) Determine the Inn's debt service coverage ratio for the year.

Debt service coverage ratio = Net operating income / Annual debt service = $1,095,000 / ($10,000 * 12) = 9.13


Related Questions

what two methods of depositing and withdrawing money are most convenient for you? why?

Answers

Two methods: make deposits and withdrawals from a checking account: by going to a bank branch and working with a bank teller, or by using the nearest ATM you can find.


Hope this helps!! :)

There are two ways to deposit money into and withdraw money from a checking account: either visit a bank branch and deal with a bank teller there, or use the closest ATM you can find.

What is ATM ?

One of the easiest and fastest ways to deposit money into your account is by using a credit card or debit card. These bank cards are widely used, therefore you are no longer need to open a separate account. Additionally, money is transferred to your account balance right away.

Customers of financial institutions can conduct financial activities, such as cash withdrawals, deposits, funds transfers, balance inquiries, or account information enquiries, at any time and anywhere using an automated teller machine (ATM), sometimes known as a cash machine in British English without having to speak to a bank employee directly.

Customers can use an ATM to access their bank deposit or credit accounts and perform a number of financial operations, including checking their balances, withdrawing cash, and transferring credit to and from mobile devices.

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The legal form of business ownership in which owners have limited personal accountability for the debts and dealings is a
Limited Liability Company
sole proprietorship
Partnership
Corporation

Answers

Answer:

Limited Liability Company

Explanation:

I need help with the Helmes case would anyone kindly help me with the answer for this question.

How can planning ensure that Hermès continues to meet its delivery targets in the future and at times when there is bad weather or high peak-demand?

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Panning could ensure a safer environment for the turtles turtle queen julien mauahayhahahahahaha

Nordstrom recently launched a new website, www.NordstromSilverScreen, which features fashion information and music videos. It also includes interactive features that allow you to dress a mannequin and play around in an interactive mixing room, where you can create your own music remix while mixing and matching outfits. Nordstrom Silverscreen is an example of :__________

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Answer:  Experience Gives Nordstrom Customers Interactive Video, Fashion, Music and remix of the song by mixing and matching clothes on a mannequin.

Explanation:

What two cultural factors influenced the variety of Chinese lays potato chip flavors

Answers

The two cultural factors that influenced the variety of Chinese lays potato chip flavors are Regional tastes and preferences and Chinese cuisine and ingredients.

What are tastes and preferences ?

Tastes and preferences refer to an individual or group's personal likes and dislikes when it comes to food, drink, or other things.

In the context of food, tastes and preferences are influenced by factors such as culture, upbringing, personal experiences, and health considerations.

The Regional tastes and preferences and Chinese cuisine and ingredients are the  cultural factors that influenced the variety of Chinese lays potato chip flavors.

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John has just paid off the full balance of his credit card. What happens to the
debt?

a. John will be paid an interest
b. It is added back to his credit limit to be used again
c. His credit limit will be increased
d. It remains a debt

Answers

Answer:

I think the answer is B. If It's correct please give the brainliest award.

John has just paid off the full balance of his credit card. It is added back to his credit limit to be used again. Thus the correct option is B.

What is a credit card?

A credit card is referred to as plastic money that allows an individual to do shopping or buy products above the limit of credit cards by borrowing from the bank.

When an individual paid off the full balance of his credit card. It gives a good impression on the lender and helps in improving the credit rating of an individual and can allow for ease in accessing loans.

When an individual pays off the full balance that amount is added to the account and the credit limit can be used again. when the payment is not made timely the interest will be charged at a particular rate.

Therefore, option B is appropriate.

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when the supreme court judges vote unanimously on a case, this usually indicates a _____ model of decision-making.

Answers

Legal.


Hope this answers your question

Which of the following is an example of an economic good?
a. Sunlight
b.Air Petrol
c.None of the above​

Answers

Answer:

A) sunlight

Explanation:

solar energy... reusable and efficient

please mark as brainliest

Answer:

Sunlight

Explanation:

Growing a business often results in growing your

Answers

Answer:

Product line. As a company grows, it is often important to increase the products you offer, or else your company will become stuck in a vicious cycle of stagnancy.

Explanation:

Hope this helps! Have a great day, and spread some positivity!

future value computations are often referred to as

Answers

Answer:

Discounting

Explanation:

Future value computations are often referred to as. - Discounting.

All of the following are advantages to the franchisor except a. fast and selective distribution of products. b. a freeing up of capital for expansion of goods and services. c. no involvement in national advertising campaigns. d. gains from the franchisee's high motivation. e. assurance of how the outlets will be maintained and operated.

Answers

The statement that does not explains advantages to the franchisor is B:no involvement in national advertising campaigns.

The franchisor can be regarded as the original or existing business which give out its name out on a price for other business to have the right to use the name and idea.

The franchisor then is responsible for continual guidance as well as  support as regards general business strategies.

One of the advantage of a franchisor is that they provide high motivation to the business under them.

Therefore, franchisor give out their name fir a price.

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advantage of running a business with someone and disadvantage​

Answers

advantages are you can split the workload and the costs between the two of you, but the disadvantages are more prone to infighting, and you have to split the profit

what does it mean if the government runs out of money

Answers

Debt ceiling crisis!

we call it debt ceiling crisis

which region gained the most from the exchanges of ideas and technologies facilitated by the mongol empire?

Answers

Answer:

europe

Explanation:

1. how many members participate in h&m’s loyalty program worldwide?

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Answer:

H&M now has over 100 million members.

Explanation:

hope it can help

Tristen, who is from Poland, is told by one of his coworkers that he is left out of conversations because he will not understand American phrases. This is an example of

a ethnic discrimination
b LGBTQ discrimination
c racial discrimination
d religious discrimination

Answers

Answer:

a

Explanation:

we arent told any other details apart from that he is from Polish, so it's the logical answer

Answer: A

Explanation:

Ethnic discrimination, the behavioral manifestation of racism, is defined as "unfair, differential treatment on the basis of race or ethnicity

gross domestic product is the sum of the market value of the:

Answers

Answer:

The Gross Domestic Product measures the value of economic activity within a country. Strictly defined, GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time.

Explanation:

which type of workplace discrimination occurs when an organization uses an employment practice that results in unfavorable outcomes to a protected class?

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Answer:

searchhhh mo saaa

Explanation:

GOOoogle

the inventory costing method that matches each unit of inventory with its actual cost is referred to as the _____ method.

Answers

Answer: Specific Identification

beginning inventory consists of 4 items at $10 each. during the month, the company purchased 3 items for $11 each and it sold 3 items. using first-in, first-out, the 3 goods sold are assumed to be ______.

Answers

Using the first-in, first-out inventory system, the cost of the 3 goods sold is assumed to be $30.

The first-in, first-out is an inventory system where the cost of good sold would be taken from inventories that were bought the earliest. The cost of ending inventory would be the inventories that were purchased last.

The cost of the 3 units of the goods bought would be the cost of the beginning inventory. The cost of the beginning inventory is $10.

The cost of goods sold = cost of beginning inventory x units sold.

$10 x 3 = $30

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What people need to make a phones?

Answers

Answer:

Some electronic gadgets wires and all other stuff

order these ideologies from those that call for the least amount of government involvement in the economy and society to those that call for the greatest amount of government involvement.

Answers

Placing different ideologies from those that support the least amount of government involvement in the economy and society to those that support the greatest amount of government involvement, we have Libertarian, Conservative, followed by Liberal, then finally Socialist.

This is because Libertarian is an ideology that is known for drastic laissez-faire political doctrine. They seek little government interference in every aspect of society.

Conservative is an ideology known for supporting sovereignty over equality. They support capitalism with no government interest in issues relating to business and social welfare policies.

Liberal this an ideology known for advocating for government involvement in education, labor, and social programs. They believe in greater equality of society and are more tolerant of others.

Socialism is an ideology known for supporting the idea of government owning and controlling everything in society, including economic and social issues. They prefer equality over freedom.

Hence, in this case, it is concluded that Libertarian ideology least wants government involvement in the society. At the same time, Socialism is the ideology that mostly wants government involvement in society.

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strayer partnered with top employers, business leaders, and recruiters to identify ________ that are critical to performing your best—not just in one field, but across all industries.

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In the business environment, partnering with top employers, business leaders, and recruiters to identify skills that are critical to performing your best, across all industries is a relevant strategic advantage.

Through the knowledge and experience of great leaders and recruiters, a new organization is able to identify the skills needed for its employees to achieve the best performance.

Some of these skills might be:

Communication skills.

Good interpersonal relationship.

Creativity.

Proactivity.

The employee's skills will be essential for the formation of an organizational culture, which should be focused on cooperation, ethics, respect and employee appreciation, in order to achieve greater motivation and productivity.

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Cho started out with one small cupcake shop. Her business has grown so much that she now has two other shops across town. Cho has found that having three locations has greatly increased her production levels. She also notices that the price she pays for supplies (flour, butter, sugar, and packaging materials) has gone down considerably since she can now buy these items in bulk quantities. This exemplifies the principle known as

Answers

Answer:economies of scale

Explanation:

Did your marketing efforts create more accurate expectations about the product?

Answers

Answer:

Yes...But is a written statement of your company's marketing goals and plan for achieving them..This section of the marketing plan describes the features of the product and its benefits for people in your target market.

This is where you discuss the needs, desires, and fears of your target market and consider how you can use these emotions to make your product's benefits most attractive..

Explanation:

Hope it helps you..

But If you don't get my answer, i-its fine..(;ŏ﹏ŏ)

B-but... Y-your welcome in advance..

(;ŏ﹏ŏ)(ㆁωㆁ)

Final Review
Which of the following is not a type of discrimination?
A. Racial
B. Gender
C. Religious
D. Supervisor/Employee
Submit

Answers

Answer:

D: Supervisor/Employee

The correct option is D. Supervisor/Employee is not a type of discrimination.

Employers are not permitted to discriminate against job applicants on the basis of their race, color, religion, or sex. Unfair treatment or harassment can take many different forms, some of which include spreading false information about you. being unjust to you.

What is constructive discrimination?

Unfair treatment can occur when a regulation or practice mistakenly singles out a certain group of individuals. "Constructive" or "adverse effect" discrimination is the term used to describe this kind of inadvertent bias. As an illustration, one business mandates that all male employees have clean-shaven faces.

As it relates to policies, programs, employment, and services offered by any organization, systemic discrimination refers to the practices, routines, and organizational culture that, frequently without intention, result in less favorable outcomes for minority groups than for the majority of the population.

You must take action if your boss' actions and crude remarks pose a threat. Speak with the human resources division of the business. If nothing changes after that, you might even think about complaining about your supervisor and the business to the labor department in your state.

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give questions from biology plzz and take free 20 points for that and more after you give question and ill give brainliest

Answers

Answer:

How did evolution ever lead ostriches to hide their head in the sand when an enemy approaches?

Explanation:

HOPE IT HELP

Creating and providing improved working conditions has created a number of emerging careers.
True or false

Answers

Answer:

true

Explanation:

because if you improve the way thing look and the way thing work people will find working there amusing.

Explain the concept of inter cropping in brief . (5) note: it should be of 5 marks​

Answers

Answer:

Inter cropping is a type of multi cropping where the farmer cultivates two or more crops in a field simultaneously. Inter croping is a sustainable practice that can improve resource-use efficiency, such as nutrients and water, allowing low input agricultural practices.

Explanation:

Pls mark as brainliest

Ida has always wanted to be a teacher and give back to her community. However, she has recently come to realize that she will never be able to afford a fancy lifestyle if she chooses to be an educator. Ida is now confused about which career path to choose. Which values conflict is Ida MOST likely facing?

A.
leadership vs. acceptance

B.
security vs. risk

C.
wealth vs. service

D.
challenge vs. control

Answers

Answer:

C. Wealth vs. Service

Explanation:

Ida is choosing between wealth and service because she needs to choose between living a non-fancy lifestyle or educating the future generations (service).

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