Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please calculate numbers in Q1-10 in the Income statement below. Honeymoon Inn For the year ended December 31, 20X1 Ravenue Rooms 1.752,300 Food and Beverage

image text in transcribed
Please calculate numbers in Q1-10 in the Income statement below. Honeymoon Inn For the year ended December 31, 20X1 Ravenue Rooms 1.752,300 Food and Beverage 626,165 Other Operated Departments 53,028 Total Operating Revenue Q1 Departmental Expenses Rooms 264,517 Food and Beverage 503.493 Other Operated Departments 67 638 Total Departmental Expenses Q2 Total Departmental Income Q3 Undistributed Operating Expenses Administrative and General 101,200 Information and Telecommunication Systems 51.223 Sales and Marketing 64,816 Property Operations and Maintenance 80,964 Utilities 88,782 Total Undistributed Expenses Q4 Gross Operating Profit 05 Management Fees Income before Non-Operating Expenses Q6 Non-Operating Expenses Rent 20.861 Property and Other Taxes 63 888 Insurance 50,112 Totel Non-Operating Expenses Q7 EBITDA Q8 Interest Expense 52.148 Depreciation 105.432 Amortization 10.000 Income before Income Taxes 09 Income Taxes 48,453 Net Income Q10 162.010

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting, Chapters 1-27

Authors: James A. Heintz, Robert W. Parry

21st Edition

1285055411, 9781285055411

More Books

Students also viewed these Accounting questions