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oberr

Business Finance

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This is the accounting problem. please solve the problem and detailed explain as well.

please explain explanation well that I and professor can understand the process of solving easily.

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Problem 10 o darbo Browny Brad's Beach Motel (BBBM), a forty-room lodging facility, has operated for the past three years. BBBM's night auditor has kept accurate records over the past year but has not analyzed any of these data. The following is a summary of the rooms sold by month: Rooms sold: January 400 March 700 May 960 February 600 April 840 June 980 July 992 September 800 November 650 August 973 October 705 December 500 Assume that the motel is open 365 days per year for business purposes and that the motel considers its “summer months” to be May, June, July, and August. The off-season comprises all other months. Required: Determine the paid occupancy percentage for the summer months, the off-season, and the entire year.
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Explanation & Answer

Hello buddy, kindly find your solution attached below. Let me know what you think. Thank you

Solution
a. The paid occupancy percentage for the summer months= total number of rooms occupied
in summer months/ Total number of rooms available in a year* 100

This is the proportion of total rooms under occupancy in summer months compared to
the total...


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