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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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