Complete a vertical and horizontal analysis for the balance
sheet.
Below is the summary operating statement
| 20x1 | 20x2 | Variance (Horizontal) | ||||||
| #/$ | % | |||||||
| Rooms available: | 300.00 | 300.00 | 0.00% | |||||
| Rooms sold: | 79,388.00 | 81,140.00 | 2.21% | |||||
| Occupancy: | 72.50% | 74.10% | 2.21% | |||||
| ADR: | 183.62 | 191.33 | 7.71 | 4.20% | ||||
| Rooms RevPar: | 133.12 | 141.78 | 8.66 | 6.51% | ||||
| Total RevPar: | 176.20 | 185.65 | 9.45 | 5.36% | ||||
| Operating revenue | ||||||||
| Rooms | 14,577,225.00 | 75.55% | 15,524,516.00 | 76.37% | 947,291.00 | 6.50% | ||
| Food and beverage | 4,444,791.00 | 23.04% | 4,517,064.00 | 22.22% | 72,273.00 | 1.63% | ||
| Misc. income | 271,725.00 | 1.41% | 287,236.00 | 1.41% | 15,511.00 | 5.71% | ||
| Total operating revenue | 19,293,741.00 | 100.00% | 20,328,816.00 | 100.00% | 1,035,075.00 | 5.36% | ||
| Departmental expenses | ||||||||
| Rooms | 3,848,590.00 | 19.95% | 3,943,227.00 | 19.40% | 94,637.00 | 2.46% | ||
| Food and beverage | 3,272,482.00 | 16.96% | 3,329,076.00 | 16.38% | 56,594.00 | 1.73% | ||
| Total departmental expenses | 7,121,072.00 | 36.91% | 7,272,303.00 | 35.77% | 151,231.00 | 2.12% | ||
| Total departmental profit | 12,172,669.00 | 63.09% | 13,056,513.00 | 64.23% | 883,844.00 | 7.26% | ||
| Undistributed operating expense | ||||||||
| Administrative and General | 1,584,062.00 | 8.21% | 1,646,634.00 | 8.10% | 62,572.00 | 3.95% | ||
| Information & Telecommunications Systems | 308,896.00 | 1.60% | 304,932.00 | 1.50% | - 3,964.00 | -1.28% | ||
| Sales and Marketing | 1,816,014.00 | 9.41% | 1,870,251.00 | 9.20% | 54,237.00 | 2.99% | ||
| Property Operation and Maintenance | 793,637.00 | 4.11% | 813,153.00 | 4.00% | 19,516.00 | 2.46% | ||
| Utilities | 583,641.00 | 3.03% | 589,536.00 | 2.90% | 5,895.00 | 1.01% | ||
| Total undistributed expenses | 5,086,250.00 | 26.36% | 5,224,506.00 | 25.70% | 138,256.00 | 2.72% | ||
| Gross operating profit | 7,086,419.00 | 36.73% | 7,832,007.00 | 38.53% | 745,588.00 | 10.52% | ||
| Management fees | 578,812.00 | 3.00% | 609,864.00 | 3.00% | 31,052.00 | 5.36% | ||
| Income before non-operating income and expenses | 6,507,607.00 | 33.73% | 7,222,143.00 | 35.53% | 714,536.00 | 10.98% | ||
| Non-operating Income and expenses | ||||||||
| (Income)/Loss | - 2,000.00 | -0.01% | - 1,300.00 | -0.01% | 700.00 | -35.00% | ||
| Property and other taxes | 753,247.00 | 3.90% | 783,001.00 | 3.85% | 29,754.00 | 3.95% | ||
| Insurance | 152,433.00 | 0.79% | 149,298.00 | 0.73% | - 3,135.00 | -2.06% | ||
| Total non-operating Income and Expenses | 903,680.00 | 4.68% | 930,999.00 | 4.58% | 27,319.00 | 3.02% | ||
Homework Answers
| Consolditated Balance sheet | ||||||
| December 20x7 and 20x8 | ||||||
| 20x1 | 20x2 | Changes | ||||
| $ | % | $ | % | $ | % | |
| Assets | ||||||
| Current Asset | ||||||
| Cash | 335636.00 | 28.3% | 3,59,875.00 | 34.1% | 24,239.00 | 7.2% |
| Account Recievable | 574659.00 | 48.4% | 4,26,183.00 | 40.4% | -1,48,476.00 | -25.8% |
| Inventory | 218900.00 | 18.5% | 1,99,000.00 | 18.9% | -19,900.00 | -9.1% |
| Prepaid | 57200.00 | 4.8% | 68,945.00 | 6.5% | 11,745.00 | 20.5% |
| Total Current assets | 1186395.00 | 100.0% | 10,54,003.00 | 100.0% | -1,32,392.00 | -11.2% |
| Investments | 1500000.00 | 10,00,000.00 | -5,00,000.00 | -33.3% | ||
| Property And Equipments | ||||||
| Land | 1779800.00 | 9.1% | 17,79,800.00 | 9.3% | - | 0.0% |
| Buildings | 20160800.00 | 103.4% | 201,60,800.00 | 105.5% | - | 0.0% |
| Equipments | 6485624.00 | 33.3% | 65,08,560.00 | 34.1% | 22,936.00 | 0.4% |
| Accumulated Depreciation | -8929800.00 | -45.8% | -93,45,098.00 | -48.9% | -4,15,298.00 | 4.7% |
| Net Property and Equipments | 19496424.00 | 100.0% | 191,04,062.00 | 100.0% | -3,92,362.00 | -2.0% |
| Total Assets | 22182819.00 | 211,58,065.00 | -10,24,754.00 | -4.6% | ||
| Liabilities and Owners Equity | ||||||
| Current Liabilities | ||||||
| Account Payable | 358269.00 | 31.5% | 1,25,895.00 | 23.6% | -2,32,374.00 | -64.9% |
| Accured Expenses | 558088.00 | 49.1% | 2,07,459.00 | 38.9% | -3,50,629.00 | -62.8% |
| Advanced deposits | 220617.00 | 19.4% | 2,00,561.00 | 37.6% | -20,056.00 | -9.1% |
| Total Current Liabilities | 1136974.00 | 100.0% | 5,33,915.00 | 100.0% | -6,03,059.00 | -53.0% |
| Mortagage payable | 6308170.00 | 57,34,700.00 | -5,73,470.00 | -9.1% | ||
| common stocks | 3700000.00 | 37,00,000.00 | - | 0.0% | ||
| Retained earnings | 11037675.00 | 111,89,450.00 | 1,51,775.00 | 1.4% | ||
| Total Liabilites and owner's equity | 22182819.00 | 211,58,065.00 | -10,24,754.00 | -4.6% | ||
Add Answer to:
Complete a vertical and horizontal analysis for the balance
sheet.
Below is the summary operating statement...
Complete a vertical and horizontal analysis for the summary operating statement. Summary Operating Statement WN 20x1...
Complete a vertical and horizontal analysis for the summary
operating statement.
Summary Operating Statement WN 20x1 20x2 Variance (Horizontal) #/$ 300 79,388 72.5% 183.62 133.12 176.20 300 81,140 74.1% 191.33 141.78 185.65 6 Rooms Available: 7 Rooms Sold: 8 Occupancy: 9 ADR: 10 Rooms RevPAR: 11 Total RevPAR: 12 13 Operating Revenue 14 Rooms 15 Food and Beverage Miscellaneous Income 17 Total Operating Revenue 16 14,577,225 4,444,791 271,725 19,293,741 15,524,516 4,517,064 287,236 20,328,816 18 1 3 19 Departmental Expenses 20...
Complete the Operating of the Statement of Cash Flows using the following information: There were no...
Complete the Operating of the Statement of Cash Flows using the
following information: There were no gains and losses in 20X2. The
Change in Retained Earnings reflects the Net Income for 20X2, no
dividends were paid out or declared (hint this was calculated in
the horizontal analysis of the balance sheet). Depreciation Expense
is equal to the increase in accumulated depreciation (hint this was
calculated in the horizontal analysis of the balance sheet).
Depreciation is 415,298 and net income is...
please complete condensed balance sheet. The Cougar Hotel Condensed Balance Sheet December 31, 20X7 and 20x8...
please complete condensed balance sheet.
The Cougar Hotel Condensed Balance Sheet December 31, 20X7 and 20x8 20x1 20x2 Changes Assets Current Assets Cash Accounts Receivable Inventory Prepaids Total Current Assets 305,124 522,417 199,000 52,000 1,078,541 159,000 456,377 247,000 49,000 911,377 0.85% 2.45% 1.33% 0.26% 4.89% Investments 1,000,000 1,000,000 5.37% Property and Equipment Land Building Equipment Accumulated Depreciation Net Property and Equipment 1,618,000 18,328,000 5,896,022 (8,118,000) 17,724,022 1,618,000 18,328,000 6,755,640 (9,987,560) 16,714,080 8.69% 98.40% 36.279 -53.62% 89.74% Total Assets 19,802,563 18,625,457...
294 Chapter 5 been operating for two in some insight into ments for the first Problem...
294 Chapter 5 been operating for two in some insight into ments for the first Problem 21 The Mantle Inn commenced operations on January 1, 20X1, and has been ope years. Assume that you are the new assistant manager and desire to gain some the Inn's financial condition. Balance sheets and condensed income statements fe two years are as follows: Balance Sheets Mantle Inn December 31, 20X1 and 20X2 20X1 20X2 $ 10,000 $ 55,000 10,000 75,000 15,000 50,000 60,000...
Complete a vertical and horizontal analysis on both the income statement and balance sheet. use total...
Complete a vertical and horizontal analysis on both
the income statement and balance sheet. use total assets on the
balance sheet and net sales on the income statement for your
vertical analysis.
Styles Consolidated Statements of 12 Months Ended Earnings (USD $) In Millions, except Per Share data, unless otherwise specified Income Statement (Abstract] NET SALES Cost of Sales Vertical Vertical Horizontal Feb. 01, 2015 Feb. 02, 2014 Analysis Analysis Analysis $83,176 54,222 $78,812 51,422 GROSS PROFIT Operating Expenses: Selling,...
please help! Problem No. 1 Purpose: To incorporate the concepts related to the Income Statement, Balance...
please help!
Problem No. 1 Purpose: To incorporate the concepts related to the Income Statement, Balance Sheet, Statement of Cash Flows and Ratio Analysis. Resources Provided: 1. Summary Operating Statement and Statistics 2. Comparable Balance Sheet with Additional Information 3. Statement of Cash Flow Template Required: STATEMENTS TO BE USED TO COMPLETE ITEM COMPARATIVE STATEMENT ITEM OPERATING BALANCE OF CASH STATEMENT SHEET FLOWS Re-Create and finish financial statement in Excel using PDF provided. X X Complete Vertical Analysis Complete Horizontal...
complete The Cougar Hotel Condensed Balance Sheet December 31, 20X7 and 20x8 20x1 20x2 Changes Assets...
complete
The Cougar Hotel Condensed Balance Sheet December 31, 20X7 and 20x8 20x1 20x2 Changes Assets Current Assets Cash Accounts Receivable Inventory Prepaids Total Current Assets 305,124 522,417 199,000 52,000 1,078,541 159,000 456,377 247,000 49,000 911,377 0.85% 2.45% 1.33% 0.26% 4.89% Investments 1,000,000 1,000,000 5.37% Property and Equipment Land Building Equipment Accumulated Depreciation Net Property and Equipment 1,618,000 18,328,000 5,896,022 (8,118,000) 17,724,022 1,618,000 18,328,000 6,755,640 (9,987,560) 16,714,080 8.69% 98.40% 36.279 -53.62% 89.74% Total Assets 19,802,563 18,625,457 100.00% Liabilities & Owners'...
Problem 23.1A Horizontal and vertical analysis of income statement and balance sheet. LO 23-1, 23...
Problem 23.1A Horizontal and vertical analysis of income
statement and balance sheet. LO 23-1, 23-2
The EastTN Company sells computer parts through a retail store
that it operates. The firm’s comparative income statement and
balance sheet for the years 2016 and 2015 are shown below.
1-a.
Complete both a horizontal and a vertical analysis of
comparative income statement for the years 2016 and 2015.
(Round your percentage answers to 1 decimal place. i.e.,
0.123 should be entered as 12.3.)
1-b....
Prepare a vertical analysis of the income statement and balance sheet. Show each item on the...
Prepare a vertical analysis of the income statement and balance
sheet. Show each item on the income statement as a percentage of
the net sales for each year. On the balance sheet, show each asset
item as a percentage of the total assets and each liability and
equity item as a percentage of the total liabilities and
stockholders' equity. Round percentages to one decimal place.
Miller Electronics Corporation Comparative Income Statement For Years Ended December 31, 20-2 and 20-1 20-2...
294 Chapter 5 The Mantle Inn commenced operation the Inn's financial condition. Bala Problem 21 un...
294 Chapter 5 The Mantle Inn commenced operation the Inn's financial condition. Bala Problem 21 un commenced operations on lanuary 1, 20X1. and has been operating for two years. Assume that you are the new assistant manager and denne desire to gain some insight into s nhancial condition, Balance sheets and condensed income statements for the first two years are as follows: Balance Sheets Mantle Inn December 31, 20X1 and 20x2 Assets 20X1 20X2 Current Assets: $ Cash 10,000 $...
Complete a vertical and horizontal analysis for the summary
operating statement.
Summary Operating Statement WN 20x1 20x2 Variance (Horizontal) #/$ 300 79,388 72.5% 183.62 133.12 176.20 300 81,140 74.1% 191.33 141.78 185.65 6 Rooms Available: 7 Rooms Sold: 8 Occupancy: 9 ADR: 10 Rooms RevPAR: 11 Total RevPAR: 12 13 Operating Revenue 14 Rooms 15 Food and Beverage Miscellaneous Income 17 Total Operating Revenue 16 14,577,225 4,444,791 271,725 19,293,741 15,524,516 4,517,064 287,236 20,328,816 18 1 3 19 Departmental Expenses 20...
Complete the Operating of the Statement of Cash Flows using the
following information: There were no gains and losses in 20X2. The
Change in Retained Earnings reflects the Net Income for 20X2, no
dividends were paid out or declared (hint this was calculated in
the horizontal analysis of the balance sheet). Depreciation Expense
is equal to the increase in accumulated depreciation (hint this was
calculated in the horizontal analysis of the balance sheet).
Depreciation is 415,298 and net income is...
please complete condensed balance sheet.
The Cougar Hotel Condensed Balance Sheet December 31, 20X7 and 20x8 20x1 20x2 Changes Assets Current Assets Cash Accounts Receivable Inventory Prepaids Total Current Assets 305,124 522,417 199,000 52,000 1,078,541 159,000 456,377 247,000 49,000 911,377 0.85% 2.45% 1.33% 0.26% 4.89% Investments 1,000,000 1,000,000 5.37% Property and Equipment Land Building Equipment Accumulated Depreciation Net Property and Equipment 1,618,000 18,328,000 5,896,022 (8,118,000) 17,724,022 1,618,000 18,328,000 6,755,640 (9,987,560) 16,714,080 8.69% 98.40% 36.279 -53.62% 89.74% Total Assets 19,802,563 18,625,457...
294 Chapter 5 been operating for two in some insight into ments for the first Problem 21 The Mantle Inn commenced operations on January 1, 20X1, and has been ope years. Assume that you are the new assistant manager and desire to gain some the Inn's financial condition. Balance sheets and condensed income statements fe two years are as follows: Balance Sheets Mantle Inn December 31, 20X1 and 20X2 20X1 20X2 $ 10,000 $ 55,000 10,000 75,000 15,000 50,000 60,000...
Complete a vertical and horizontal analysis on both
the income statement and balance sheet. use total assets on the
balance sheet and net sales on the income statement for your
vertical analysis.
Styles Consolidated Statements of 12 Months Ended Earnings (USD $) In Millions, except Per Share data, unless otherwise specified Income Statement (Abstract] NET SALES Cost of Sales Vertical Vertical Horizontal Feb. 01, 2015 Feb. 02, 2014 Analysis Analysis Analysis $83,176 54,222 $78,812 51,422 GROSS PROFIT Operating Expenses: Selling,...
please help!
Problem No. 1 Purpose: To incorporate the concepts related to the Income Statement, Balance Sheet, Statement of Cash Flows and Ratio Analysis. Resources Provided: 1. Summary Operating Statement and Statistics 2. Comparable Balance Sheet with Additional Information 3. Statement of Cash Flow Template Required: STATEMENTS TO BE USED TO COMPLETE ITEM COMPARATIVE STATEMENT ITEM OPERATING BALANCE OF CASH STATEMENT SHEET FLOWS Re-Create and finish financial statement in Excel using PDF provided. X X Complete Vertical Analysis Complete Horizontal...
complete
The Cougar Hotel Condensed Balance Sheet December 31, 20X7 and 20x8 20x1 20x2 Changes Assets Current Assets Cash Accounts Receivable Inventory Prepaids Total Current Assets 305,124 522,417 199,000 52,000 1,078,541 159,000 456,377 247,000 49,000 911,377 0.85% 2.45% 1.33% 0.26% 4.89% Investments 1,000,000 1,000,000 5.37% Property and Equipment Land Building Equipment Accumulated Depreciation Net Property and Equipment 1,618,000 18,328,000 5,896,022 (8,118,000) 17,724,022 1,618,000 18,328,000 6,755,640 (9,987,560) 16,714,080 8.69% 98.40% 36.279 -53.62% 89.74% Total Assets 19,802,563 18,625,457 100.00% Liabilities & Owners'...
Problem 23.1A Horizontal and vertical analysis of income
statement and balance sheet. LO 23-1, 23-2
The EastTN Company sells computer parts through a retail store
that it operates. The firm’s comparative income statement and
balance sheet for the years 2016 and 2015 are shown below.
1-a.
Complete both a horizontal and a vertical analysis of
comparative income statement for the years 2016 and 2015.
(Round your percentage answers to 1 decimal place. i.e.,
0.123 should be entered as 12.3.)
1-b....
Prepare a vertical analysis of the income statement and balance
sheet. Show each item on the income statement as a percentage of
the net sales for each year. On the balance sheet, show each asset
item as a percentage of the total assets and each liability and
equity item as a percentage of the total liabilities and
stockholders' equity. Round percentages to one decimal place.
Miller Electronics Corporation Comparative Income Statement For Years Ended December 31, 20-2 and 20-1 20-2...
294 Chapter 5 The Mantle Inn commenced operation the Inn's financial condition. Bala Problem 21 un commenced operations on lanuary 1, 20X1. and has been operating for two years. Assume that you are the new assistant manager and denne desire to gain some insight into s nhancial condition, Balance sheets and condensed income statements for the first two years are as follows: Balance Sheets Mantle Inn December 31, 20X1 and 20x2 Assets 20X1 20X2 Current Assets: $ Cash 10,000 $...
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