Questions and Answers of Accounting Financial Analysis

Repeat Problem 2 using the data below for Kroger Co (NYSE: KR). However, this time you should create a copy of your worksheet to use as a template. Replace the data for Oracle with that of Kroger.a.
Using the data for Johnson & Johnson (NYSE: JNJ), presented below:a. Calculate the ratio of each years’ data to the previous year for each of the above items for JNJ. For example, for the year
Choose your own company and repeat the analysis from Problems 1 and 2. Get the data from Yahoo! Finance at https://finance.yahoo.com/. To retrieve the data for your company, enter the name or ticker
Using the data presented below: a. Recreate the income statement and balance sheet using formulas wherever possible. Each statement should be on a separate worksheet. Try to duplicate the formatting
Using the data from the previous problem:Data from previous 1.Using the data presented below: a. Create a common-size income statement for 2019 and 2020. This statement should be created on a
Download the file named “Chapter 2 Problem 3.xlsx” from the text support Web site.Data from Chapter 2 Problem 3.xlsxNew Smyrna Surf ShopIncome StatementsFor the Years 2019 and
A computer problem at Mike Owjai Finance has resulted in incomplete financial statements. Management of the company has asked you to see if you can fill in the missing data.a. Recreate the financial
Durango Mountain Bike Tours’ ending cash balance as of December 31, 2020 was $10,000. Its expected cash collections and payments for the next six months are given in the following table.a.
1. What financial strategy will you need to develop and follow to grow your net worth so that you can afford vacations like these?2. What are your strengths that will help you follow your financial
What will be your biggest obstacle to start investing?
What is the difference between principal and interest?
Why is planning for retirement at the start of a career so important?
Why are company benefit programs so important to employees?
Why are company 401K programs so important to employees?
Describe the Rat Race including how you get in it and how you get out of it.
Name three support services that the Darden Corporate Research and Design Department would provide for existing restaurants.What is the difference between the Research and Design Department and the
Why are notes to the consolidated financial statement important?
What is the Statement of Cash Flow information compared to?
What is the Balance Sheet information for the year compared to?
What is the current P&L information for the year compared to?
Why is a company’s vision, core values and culture important to mention in it’s annual report?
Define division, brand, and concept, and explain why they are important in discussing company operations.
The company financial information is verified by an internal body and an external body. Name them.
Name two types of government agencies or organizations that monitor the financial information contained in Corporate Annual Reports.
1. Refer to the hotel organization chart in Chapter 3. Prepare an organization chart for the Marco Island Marriott Beach Resort including all the different revenue departments.There are more than a
Why are weekly forecast so important to managing a business profitability?
List three important wage ratios.
What is the formula for forecasting hourly wage expense?
What are the formulas for room revenue forecasts and restaurant revenue forecasts?
Name the seven steps in the forecasting time line.
Define fixed and variable wage expenses and give two examples of wage positions in each category.
Why is volume so important in forecasting?
Name two ways that weekly forecasts are different from monthly or quarterly forecasts.
From the above information and the Web site, list the revenue department budgets that you think the Radisson Resort Fort McDowell reviews each year. Be specific.Make a list of at least five pieces of
Prepare the annual operating expense budget for the next year using the formulas from problem #1 and the following assumptions: Remember there are 13 accounting periods in a fiscal year, each with
There are two budget problems to complete. The first is to calculate amounts to use in budgeting based on actual information and formulas. The second is to prepare an annual budget based on that
How is a budget used to evaluate actual financial performance?
Name and describe the three main ways to prepare an operating budget.
Name five ways to budget direct operating expenses.
What is the difference between a consolidated hotel budget and a department operating budget?
Name five characteristics of a capital expenditure budget.
Why is a capital expenditure budget important, and how do hospitality managers use it in operating their departments?
Name five characteristics of an annual operating budget.
Why is the annual operating budget one of the most important financial reports a hospitality manager should know, understand and use?
1. Name five resorts that you would include as the competitive set for the Hyatt and explain why.2. How do you think the location of the Hyatt in expensive Scottsdale affects the wage costs for the
Calculate the following rations from the following information sheet and balance sheet.Activity ratiosOperating ratiosLiquidity ratiosProfitability RatiosSolvency ratiosFlagstaff Marriott Hotel –
How is the STAR used in the operation of and financial analysis of a hotel?
What key information is provided in the STAR market Report?
Discuss the relationship of the four elements that make up the foundation of financial analysis and why they are an important part of variation analysis.
Name one important ratio from each of the five ratio classifications and tell why you think it is important in financial analysis. (These are examples, students can choose any ratio as long as they
Define variation analysis, and tell why it is an important tool in financial analysis.
What is the impact of different department profit percentages on total hotel profits?
Name two important variables for controlling expenses.
Name two important variables for maximizing revenues.
1. What and why do you think the two biggest market segments are for Fairmont Maui Resort?2. What effects will each of your market segments have on maximizing total resort? revenue? Give at least one
Discuss at least three Revenue Management terms that would be used primarily in a 1,000 room convention hotel and three Revenue Management terms that would be used primarily in a 400 room airport
For this same hotel and the rate structure that you developed in question 1, answer the following questions:a. What days of the week do you think demand would be the strongest?b. For those dates,
The corporate rate at a 600 room downtown east coast hotel is currently $199. The owner would like to see a small increase in the room rates for next year. Put together a room rate structure with at
What selling strategy should a hotel implement when the booking pace is over the historical average pace?
What selling strategy should a hotel implement when the booking pace is under the historical average?
Who is on a hotel’s selling strategy team? Which one is the most important?
How is the booking pace used with the historical average in yield management?
What is DOA and why is it such an important part of yield management?
Explain the relationship between room rates and market segments.
Why is understanding and using RevPAR information so important to maximizing total room revenue?
What are the two formulas for RevPAR?
How many Revenue Departments do you think are included in the Daily Four Seasons Scottsdale Resort's Revenue Report? Name them.List the departments that prepare weekly wage forecasts that the
Calculate the actual retention/flow through in dollars and percent.Actual retention/flow through dollars_______________.The difference between actual and budget profit dollars $ 1,170,000 minus $
Calculate the actual and budget department profit margins (remember profit margins are percentages) for the following hotel departments: Actual Budget $ 1,250,000 $ 1,200,000 Room Revenues 215,000
List three formulas for calculating labor productivities and three for calculating wage cost percentages.
Define incremental. How is it used in financial analysis?
How do department managers use retention and flow through to manage their departments?
Define retention and flow through. Why are they important?
Explain how fixed and variable wage expenses are used to maintain labor productivity standards.
Explain how fixed and variable wage expenses are used to maintain labor productivity standards.
What information does the Daily Revenue Report contain and how does a hospitality manager use it?
Compare the format of a P&L Statement with a Daily Revenue Report. What is the same and what is different?
Imagine you were a Pappadeaux manager and think about the following questions relating to your Balance Sheet and Statement of Cash Flows:1. How is building and opening a 400+ seat Pappadeaux
Following is the Balance Sheet in $ for the GTO Hotel: Answer the following:______ What is the working capital amount?______ What is the total capitalization amount?______ What is the
Which of the following accounts are part of working capital and which are a part of capitalization?A. _____ Accounts payable.
Name three changes in Balance Sheet accounts that area source of funds and three that are a use of funds.
Name the three classifications of cash flows
List five characteristics of the Statement of Cash Flow.
Compare and contrast liquidity with profitability.
List five characteristics of the Balance Sheet.
What accounts on the Balance Sheet will hospitality managers generally use in the daily operations of their departments?
Describe working capital and capitalization, and explain what each is used for. Include the Balance Sheet accounts that are used in each process.
Explain the financial information contained in a Balance Sheet and explain how it is used.
Springhill Suites and Residence Inn properties complement each other by providing different experiences for travelers. Visit www. chicagorivernorthhotel.com to view more information on these new
Draw the format for a Department P&L using the three sections in review questions 4.
Draw the format for a Consolidated P&L using the three sectons in review question 4.
Match the line account or classification to the appropriate P&L.A. _________ Hourly wage cost 1. Consolidated P&L.B. _________ Linen expense
Why do you think this is the most important chapter in this book?
Refer to the hotel organization chart in Chapter 3. Identify at least one hotel department that each Executive Committee Member is responsible for.Data from Chapter 3 General Manager Assistant
What is a line account and why is it important in financial analysis?
Explain the differences between a Profit Center and Expense Center. Give examples.
Name the three sections for the format for a P&L.
Name and describe four different profit levels and what they measure.
Define and name the five main revenue and expense categories contained in a Department P&L.
Define and name the four main classifications of accounting information contained in a Consolidated P&L.

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