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?

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter25: Departmental Accounting
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Problem 7SPA: INCOME STATEMENT WITH DEPART MENTAL GROSS PROFIT AND OPERATING INCOME Thomas and Hill Distributors...
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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?

30 Room Hotel
Revenue
Rooms Occupied
Rooms Revenue
Food & Berverage
Other Operated Departments
Rentals and Other Income
Total Revenue
Expenses
Rooms
Food & Beverage
Other Operated Departments
Administrative and General
Sales and Marketing
Property Operation and Maintenance
Utilities
Management Fees
Rent, Property Taxes, and Insurance
Interest Expense
Depreciation and Amortization
Loss or (Gain) on the Disposition of Assets
Total Expenses
Income Before Income Taxes
Income Taxes
Current
Deferred
Total Income Taxes
Net Income
December
2021
6,560.00
$1,068,607.21
$518,303.24
$48,654.76
$7,546.76
$1,649,672.00
$287,646.54
$129,564.90
$56,730.54
$256,321.21
$156,310.12
$80,654.55
$135,654.56
$87,076.86
$5,761.21
$1,982.34
$80,462.87
$0.00
$1,278,166.00
$371,506.00
$39,000.00
$0.00
$39,000.00
$332,506.00
December
2020
8,560.00
$1,268,607.21
$618,303.24
$53,654.76
$7,546.76
$1,956,671.97
$327,646.54
$129,564.90
$56,730.54
$256,321.21
$156,310.12
$80,654.55
$135,654.56
$87,076.86
$5,761.21
$1,982.34
$80,462.87
$0.00
$1,318,166.00
$638,505.97
$45,000.00
$0.00
$45,000.00
$593,505.97
Transcribed Image Text:30 Room Hotel Revenue Rooms Occupied Rooms Revenue Food & Berverage Other Operated Departments Rentals and Other Income Total Revenue Expenses Rooms Food & Beverage Other Operated Departments Administrative and General Sales and Marketing Property Operation and Maintenance Utilities Management Fees Rent, Property Taxes, and Insurance Interest Expense Depreciation and Amortization Loss or (Gain) on the Disposition of Assets Total Expenses Income Before Income Taxes Income Taxes Current Deferred Total Income Taxes Net Income December 2021 6,560.00 $1,068,607.21 $518,303.24 $48,654.76 $7,546.76 $1,649,672.00 $287,646.54 $129,564.90 $56,730.54 $256,321.21 $156,310.12 $80,654.55 $135,654.56 $87,076.86 $5,761.21 $1,982.34 $80,462.87 $0.00 $1,278,166.00 $371,506.00 $39,000.00 $0.00 $39,000.00 $332,506.00 December 2020 8,560.00 $1,268,607.21 $618,303.24 $53,654.76 $7,546.76 $1,956,671.97 $327,646.54 $129,564.90 $56,730.54 $256,321.21 $156,310.12 $80,654.55 $135,654.56 $87,076.86 $5,761.21 $1,982.34 $80,462.87 $0.00 $1,318,166.00 $638,505.97 $45,000.00 $0.00 $45,000.00 $593,505.97
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