To apply the required rate of return approach to setting room rates, you need to be provided with all of the following items except one. Identify the item not needed.

Question

Quizplus · Accepted Answer

The number of rooms in the hotel is not necessary for calculating the required rate of return approach to setting room rates. The other items (total target profit, number of projected room sales, variable cost per room sold, and fixed costs) are all needed to calculate the required rate of return approach.

To Apply the Required Rate of Return Approach to Setting