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how would you figure out a par level for linens in a 100 room hotel with 50 king beds and 50 with double queen beds and that includes terry
concept of per stock in hotel industry
To get REV Par for Ritz Carlton hotel you must: %occupancy * Rev room
A stock's par value is the monetary amount assigned to the share of stock.
The basic meaning of par stock is the amount of stock a business or individual should keep on hand at all times. If your stock amount falls below this par, you should purchase more to keep it at that number.
Par is the value stated on the stock certificate as stated in the articles of incorporation and is many times $.01 or $1.00.
Issuing Par Value Common Stock for Cash (assume par value is $1) dr. Cash $1.00 cr. Common Stock $1.00 to record issuance of 1 share of $1 par common stock if sold for more than par value (Assuming $5) dr. Cash $5 cr. Common Stock $1 Paid-in Capital in excess of par $4 to record issuance of 1 share of common stock in excess of par.
average level
all stock maintain in store
Rev par: revenue per available room (in hospitality parlance)
Par value stock