Calculate the actual and budget department profit margins (remember profit margins are percentages) for the following hotel
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Calculate the actual and budget department profit margins (remember profit margins are percentages) for the following hotel departments:
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Actual Budget $ 1,250,000 $ 1,200,000 Room Revenues 215,000 Restaurant Revenues 225,000 Beverage Revenues Catering Revenues Total Hotel Revenues 75,000 80,000 480,000 450.000 $ 2,020,000 $ 1,955,000 $ 960,000 $ 910,000 Room Profit 18,000 20,000 Restaurant Profit Beverage Profit Catering Profit Total Hotel Profit 22,000 25,000 170,000 $ 1,170,000 160,000 $ 1,115,000
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Related Book For
Accounting and Financial Analysis in the Hospitality Industry
ISBN: 978-0132458665
1st edition
Authors: Johnathan Hales
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