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E3.4: Compute an index trend using Year 1 as the base period: Year 1 Year 2 Year 3 Average room rate $50.00 $48.00 $54.00 Index
E3.4: Compute an index trend using Year 1 as the base period: | |||||||||||||
Year 1 | Year 2 | Year 3 | | ||||||||||
Average room rate | $50.00 | $48.00 | $54.00 | ||||||||||
Index | |||||||||||||
E3.5: Determine the average check per guest: | |||||||||||||
Sales | Guests | Average | | ||||||||||
Dining Room | $150,080 | 9,380 | |||||||||||
Bar-Lounge | $68,050 | 5,444 | |||||||||||
E3.8: Fill in the missing numbers and % on this comparative income statement: | |||||||||||||
Year 07 | Year 08 | $ Change | % | ||||||||||
Sales | $23,502 | $1,110.00 | | ||||||||||
Cost of Sales | $9,208 | $9,438 | |||||||||||
Gross margin | |||||||||||||
Direct Costs | $10,202 | $1,420.00 | |||||||||||
Contributory Income | $3,552 | ||||||||||||
Indirect Costs | $2,477 | ||||||||||||
Operating Income | $1,149 | ||||||||||||
E3.9: Convert March, April, May to current (May) dollars: | |||||||||||||
Sales | Index | Current $ | | ||||||||||
March | $48,000 | 110 | |||||||||||
April | $50,000 | 112 | |||||||||||
May | $52,000 | 115 | |||||||||||
Write formulas for each |
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