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.
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2013 2012 Reuonue Roums 417000 4I5200 150600 Other opercted Department Rentals and other In... View the full answer
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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