1. What is the GOPPAR of Hotel X for the year of 2021? 2. What is the flow-through for Hotel X for the period of 2020-2021?
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1. What is the GOPPAR of Hotel X for the year of 2021?
2. What is the flow-through for Hotel X for the period of 2020-2021?
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- Solomon Corporation operates three investment centers. The following financial statements apply to the investment center named Bowman Division. BOWMAN DIVISION Income Statement For the Year Ended December 31, Year 2 Sales revenue $ 107,280 Cost of goods sold 58,875 Gross margin 48,405 Operating expenses Selling expenses (2,680 ) Depreciation expense (4,135 ) Operating income 41,590 Nonoperating item Loss on sale of land (4,000 ) Net income $ 37,590 BOWMAN DIVISION Balance Sheet As of December 31, Year 2 Assets Cash $ 12,532 Accounts receivable 40,316 Merchandise inventory 36,900 Equipment less accumulated depreciation 90,288 Nonoperating assets 9,600 Total assets $ 189,636 Liabilities Accounts payable $ 9,447 Notes payable 67,000 Stockholders’ equity Common stock 70,000 Retained earnings 43,189 Total liabilities and stockholder's…Financial information for Lighthizer Trading Company for the fiscal year-ended September 30, 20xx, was collected. As part of a management training session, you have been asked to prepare an income statement format that will be used to distribute to management. Subtotals and totals are included in the information, but you will need to calculate the values. A. In the correct format, prepare the income statement using this information: B. Calculate the profit margin, return on investment, and residual income. Assume an investment base of $42,000 and 8% cost of capital. C. Prepare a short response to accompany the income statement that explains why uncontrollable costs are included in the income statement.INCOME STATE MENT WITH DEPARTMENTAL OPERATING INCOME AND TOTAL OPERATING INCOME Alexa Cole owns a business called Alexas Bakery. She has divided her business into two departments: breads and pastries. The following information is provided for the fiscal year ended June 30, 20--: REQUIRED 1. Prepare an income statement showing departmental operating income and total operating income. 2. Calculate departmental operating expense and operating income percentages.
- A Corporation reports operating expenses in two categories: (1) Cost of goods sold, (2) selling and (3) general and administrative. The adjusted trial balance included the following expense and loss accounts: Interest 7,000Advertising 40,000Freight-out 5,000Insurance expense 6,000Loss on sale of long-term investment 20,000Officers’ salaries 125,000Net purchases 50,000Increase in the merchandise inventory 20,000Rent for office space 180,000Accounting and legal fees 130,000 Office supplies 15,000Sales salaries and commissions 150,000 One-third of the rented premises is occupied by the sales department. [Q5]: Determine the total amount of (15) cost of goods sold, (16) selling expenses, (17) general administrative expenses and (18) other expenses on December 31, 2021.The independent cases are listed below that includes all items relevant to operating activities: Case A Case B Case C Sales revenue $ 61,000 $ 51,000 $ 102,000 Cost of goods sold 33,000 24,000 73,300 Depreciation expense 11,400 1,600 27,400 Salaries and wages expense 4,600 12,600 7,600 Net income 12,000 12,800 (6,300 ) Accounts receivable increase (decrease) (1,200 ) 3,600 2,600 Inventory increase (decrease) 1,600 0 (2,600 ) Accounts payable increase (decrease) 0 2,100 (1,200 ) Salaries and wages payable increase (decrease) 1,300 (1,600 ) 1,200 Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) THANK YOU!Benchmark analysis: Trademark Corp.'s financial manager collected the following information for its peer group to compare its performance against that of its peers. Ratios Trademark Peer Group DSO 33.5 days 27.9 days Total assets turnover 2.3 3.7 Inventory turnover 1.8 2.8 Quick ratio 0.6 1.3 (a) Explain how Trademark is performing relative to its peers. (b) How do the industry ratios help Trademark's management?
- Prepare the Pro-Forma Statement of Financial Position for the year ending 31 December 2023 INFORMATIONSibiya ProjectsStatement of Comprehensive Income for the year ended 31 December 2022 RSales 10 000 000Cost of sales (5 750 000)Gross profit 4 250 000Variable, selling and administrative costs (1 500 000)Fixed selling and administrative costs (500 000)Net profit 2 250 000 Statement of Financial Position for the year ended 31 December 2022ASSETS RNon-current assets 800 000Property, plant and equipment 800 000 Current assets 3 400 000Inventories 1 600 000Accounts receivable 600 000Cash 1 200 000TOTAL ASSETS 4 200 000 EQUITY AND LIABILITIESEquity 3 760 000 Current liabilities 440 000Accounts payable 440 000TOTAL ASSETS AND LIABILITIES 4 200 000 Additional informationA. The sales budget for 2023 is as follows:First Quarter Second Quarter Third Quarter Fourth QuarterR2 625 000 R2 750 000 R2 875 000 R2 750 000 B. 90% of sales is collected in the quarter of the sale and 10% in the quarter…Divisional Income Statements with Service Department Charges Yozamba Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and Purchasing. The corporate expenses for the year ended December 31, 20Y7, are as follows: Tech Support Department $1,072,800 Purchasing Department 244,500 Other corporate administrative expenses 566,000 Total corporate expense $1,883,300 The other corporate administrative expenses include officers’ salaries and other expenses required by the corporation. The Tech Support Department charges the divisions for services rendered, based on the number of computers in the department, and the Purchasing Department charges divisions for services, based on the number of purchase orders for each department. The usage of service by the two divisions is as follows: Tech Support Purchasing Consumer Division 440 computers 5,700 purchase orders Commercial Division 280 10,600 Total 720 computers…Accordingly, 15% of rent, depreciation, and utility expenses pertain to the sales office while the rest pertains to the corporate office. Questions: How much is the net sales for the year? How much is the cost of sales for the year? How much is the gross profit for the year? How much is the net income for the year? Prepare a statement of comprehensive income. Prepare a financial statement.
- Question Content Area Income Statement An analysis of the transactions of Rutherford Company for the year ended December 31, yields the following information: sales revenue, $149, 700; insurance expense, S4, 300; interest income, 58, 500; cost of goods sold, $64, 800; salaries expense, $22, 500; income taxes expense, $2, 400; and loss on disposal of property, plant, and equipment, $1, 200. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Open spreadsheet Required: Prepare a single - step income statement. Rutherford Company Income Statement For the year ending December 31 Revenues and gains: Sfill in the blank 3 fill in the blank 5 Total revenues Sfill in the blank 6 Expenses and losses: Sfill in the blank 8 fill in the blank 10 fill in the blank 12 fill in the blank 14 fill in the blank 16 Total expenses and losses fill in the blank 17 Sfill in the blank 191)PLEASE ANSWERED WITH IN THE FORMAT BY PROVIDING FORMULA IN DETAILS2)PLEASE PROVIDE ANSWER IN TEXT Divisional income statement with support department allocations Horton Technology has two divisions, Consumer and Commercial, and two corporate support departments, tech services and purchasing.The corporate expenses for the year ended December 21, 20Y7, are as follows:Igloo corporation operates two stores A and B. the following relates to store B; Sales revenue 87,000 variable operating expenses 39,000 fixed expenses traceable to b and controllable by B 5,000 traceable to b and controllabe by others 22,000 The profit margin controllable by store B's manager os: