Bundle: Financial & Managerial Accounting, 14th + Working Papers for Warren/Reeve/Duchac's Corporate Financial Accounting, 14th + Working Papers, ... & Managerial Accounting, 14th + CengageNOWv2,
14th Edition
ISBN: 9781337804011
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Textbook Question
Chapter 15, Problem 1ADM
Hilton Hotels and Marriott International: Occupancy
A recent annual report of Hilton Hotels and Marriott International provided the following occupancy data for two recent years:
| Year 2 | Year 1 | |
| Hilton Hotels | 74.6% | 72.2% |
| Marriott International | 73.3% | 713% |
- A. Is the occupaney trend favorable or unfavorable for Hilton Hotels?
- B. Is the occupancy trend favorable or unfavorable for Marriott International?
- C. Which company has the stronger occupancy?
- D. - What additional information would supplement occupancy in evaluating the performance of these two hotels?
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Hilton Worldwide Holdings Inc. (HLT) and Marriott International, Inc. (MAR) reported the following occupancy data for two recent years:
Hilton: Year 2: 57.2% - Year 1: 40.3%
Marriott :Year 2: 51.3% - Year 1: 31.4%
1. Comment on Hilton’s occupancy rate for Years 1 and 2.
2. Comment on Marriott’s occupancy rate for Years 1 and 2.
3. Which company has the highest occupancy rate?
4. What other factors should be considered in comparing Hilton and Marriott?
Category of industry is real estate.
The analysis of Days Sales Outstanding is as follows:
2015: 254 days
2016: 338 days
2017: 332 days
2018: 169 days
2019: 81 days
a. What is the simple trend analysis for that Days Sales Outstanding and why it is increasing and decreasing?
b. Compare the ratio with the industry average.
Compute trend percent for the following accounts using 2018 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percent appears to be favorable or unfavorable.
2022
2021
2020
2019
2018
Sales
$282,880
$270,800
$252,600
$234,560
$150,000
Cost of goods sold
128,200
122,080
115,280
106,440
67,000
Accounts receivable
18,100
17,300
16,400
15,200
9,000
Chapter 15 Solutions
Bundle: Financial & Managerial Accounting, 14th + Working Papers for Warren/Reeve/Duchac's Corporate Financial Accounting, 14th + Working Papers, ... & Managerial Accounting, 14th + CengageNOWv2,
Ch. 15 - What are the major differentes between managerial...Ch. 15 - A. Differentiate between a department with line...Ch. 15 - What manufacturing cost term is used to describe...Ch. 15 - Prob. 4DQCh. 15 - What is the difference between a product cost and...Ch. 15 - Name the three inventory accounts for a...Ch. 15 - In What order should the three inventories of a...Ch. 15 - Prob. 8DQCh. 15 - Prob. 9DQCh. 15 - How does the Cost of Goods Sold section of the...
Ch. 15 - Management process Three phases of the management...Ch. 15 - Prob. 15.2BECh. 15 - Prime and conversion costs Identify the following...Ch. 15 - Product and period costs Identify the following...Ch. 15 - Cost of goods sold, cost of goods manufactured...Ch. 15 - Classifying costs as materials, labor, or factory...Ch. 15 - Classifying costs as materials, labor, or factory...Ch. 15 - Prob. 15.3EXCh. 15 - Classifying costs as product or period costs For...Ch. 15 - Concepts and terminology From the choices...Ch. 15 - Concepts and terminology From the choices...Ch. 15 - Prob. 15.7EXCh. 15 - Sustainability and Eco-Efficiency Measures Four...Ch. 15 - Classifying costs The following is a manufacturing...Ch. 15 - Financial statements of a manufacturing firm The...Ch. 15 - Manufacturing company balance sheet Partial...Ch. 15 - Cost of direct materials used in production for a...Ch. 15 - Cost of goods manufactured for a manufacturing...Ch. 15 - Cost of goods manufactured for a manufacturing...Ch. 15 - Income statement for a manufacturing company Two...Ch. 15 - Statement of cost of goods manufactured for a...Ch. 15 - Cost of goods sold, profit margin, and net income...Ch. 15 - Cost flow relationships The following information...Ch. 15 - Classifying costs The following is a list of costs...Ch. 15 - Classifying costs The following is a list of costs...Ch. 15 - Cost classifications for a service company A...Ch. 15 - Manufacturing income statement, statement of cost...Ch. 15 - Statement of cost of goods manufactured and income...Ch. 15 - Prob. 15.1BPRCh. 15 - Classifying costs The following is a list of costs...Ch. 15 - Prob. 15.3BPRCh. 15 - Manufacturing income statement, statement of cost...Ch. 15 - Statement of cost of goods manufactured and income...Ch. 15 - Hilton Hotels and Marriott International:...Ch. 15 - Comparing occupancy for two hotels Sunrise Suites...Ch. 15 - Prob. 3ADMCh. 15 - Passenger load on a flight Eastern Skies Airlines...Ch. 15 - Prob. 15.1TIFCh. 15 - Communication Todd Johnson is the Vice President...
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