1. The Truman Hotel, a 150-room lodging facility, uses the following regression analysis to forecast restaurant covers. Y= 80 + 0.4*X where Y equals forecasted restaurant covers X equals the number of hotel guests The average check in the hotel’s restaurant is expected to be $14.95. If the occupancy percentage is expected to be 70% and the average occupancy per room is expected to be 2, what would be the forecasted daily restaurant sales in dollar? a. $3,221.30 b. $2,451.80 c. $2,200.20 d. $4,320.40
2. Baldwin Corp. ended the year carrying $13,539,000 worth of inventory. Had they sold their entire inventory at their current prices, how much more revenue would it have brought to Baldwin Corp.?
$21,400,000
$7,538,000
$13,539,000
$28,676,000