The Tong Lee Inn had total revenues of $600,000. for the month of June. ASsume that...

  

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The Tong Lee Inn had total revenues of $600,000. for the month of June. ASsume that the Tong Lee Inn's percentages for June were the same as the comparative results of operations information shown in Exhibit 8 for 2013. Required: Determine the amount of each of the following for June: 1. Rooms revenue 2. Total rooms expenses 3. Utilities 4. Administrative and general expenses Intv 5. Food and beverage departmental income 6. Total food and beverage expenses Exhibit 8 Comparative Results of Operations 2012 Percent of Percent of Revenue 2013 Revenue Revenue Rooms Food and Beverage Other Operated Departments Rentals and Other income 69.2% 69.5% 24.8 4.4 25.1 4.4 1.3 1.3 Total Revenue 100.0% 100.0% Departmental Expenses* Rooms Food and Beverage Other Operated Departments Total Departmental Expenses 26.4% 72.8 26.6% 73.7 71.9 72.5 39.5% 40.1% Total Departmental Income 60.5% 59.9% Undistributed Operating Expenses Administrative and General Sales and Marketing Property Operations and Maintenance Utilities 8.4% 8.6% 8.1 8.2 4.5 4.6 3.7 3.8 Total Undistributed Expenses 24.6% 25.2% Gross Operating Profit 35.8% 34.7% Management Fees Income Before Fixed Charges 3.3% 3.3% 32.5% 31.4% Fixed Charges Property and Other Taxes Insurance 3.6% 3.6% 1.1 1.1 Total Fixed Charges 4.7% 4.7% Net Operating Income** 27.9% 26.7% Percentage of Occupancy 72.3% 71.1% Average Daily Rate $152.40 $146.32 RevPAR $110.26 $104.10 Average Size (Rooms) 212 212 Expressed as a percent of departmental revenue. ** Before deduction for rent. The Tong Lee Inn had total revenues of $600,000. for the month of June. ASsume that the Tong Lee Inn's percentages for June were the same as the comparative results of operations information shown in Exhibit 8 for 2013. Required: Determine the amount of each of the following for June: 1. Rooms revenue 2. Total rooms expenses 3. Utilities 4. Administrative and general expenses Intv 5. Food and beverage departmental income 6. Total food and beverage expenses Exhibit 8 Comparative Results of Operations 2012 Percent of Percent of Revenue 2013 Revenue Revenue Rooms Food and Beverage Other Operated Departments Rentals and Other income 69.2% 69.5% 24.8 4.4 25.1 4.4 1.3 1.3 Total Revenue 100.0% 100.0% Departmental Expenses* Rooms Food and Beverage Other Operated Departments Total Departmental Expenses 26.4% 72.8 26.6% 73.7 71.9 72.5 39.5% 40.1% Total Departmental Income 60.5% 59.9% Undistributed Operating Expenses Administrative and General Sales and Marketing Property Operations and Maintenance Utilities 8.4% 8.6% 8.1 8.2 4.5 4.6 3.7 3.8 Total Undistributed Expenses 24.6% 25.2% Gross Operating Profit 35.8% 34.7% Management Fees Income Before Fixed Charges 3.3% 3.3% 32.5% 31.4% Fixed Charges Property and Other Taxes Insurance 3.6% 3.6% 1.1 1.1 Total Fixed Charges 4.7% 4.7% Net Operating Income** 27.9% 26.7% Percentage of Occupancy 72.3% 71.1% Average Daily Rate $152.40 $146.32 RevPAR $110.26 $104.10 Average Size (Rooms) 212 212 Expressed as a percent of departmental revenue. ** Before deduction for rent.

Answer rating: 100% (QA)

2013 2012 Reuonue Roums 417000 4I5200 150600 Other opercted Department Rentals and other In... View the full answer