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1. What is the GOPPAR of Hotel X for the year of 2021? 2. What is the flow-through for Hotel X for the period of 2020-2021?

1. What is the GOPPAR of Hotel X for the year of 2021? 2. What is the flow-through for Hotel X for the period of 2020-2021?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. What is the GOPPAR of Hotel X for the year of 2021?

2. What is the flow-through for Hotel X for the period of 2020-2021?

30 Room Hotel Revenue Rooms Occupied Rooms Revenue Food & Berverage Other Operated Departments Rentals and Other Income Total Revenue Expenses Rooms Food & Beverage Other Operated Departments Administrative and General Sales and Marketing Property Operation and Maintenance Utilities Management Fees Rent, Property Taxes, and Insurance Interest Expense Depreciation and Amortization Loss or (Gain) on the Disposition of Assets Total Expenses Income Before Income Taxes Income Taxes Current Deferred Total Income Taxes Net Income December 2021 6,560.00 $1,068,607.21 $518,303.24 $48,654.76 $7,546.76 $1,649,672.00 $287,646.54 $129,564.90 $56,730.54 $256,321.21 $156,310.12 $80,654.55 $135,654.56 $87,076.86 $5,761.21 $1,982.34 $80,462.87 $0.00 $1,278,166.00 $371,506.00 $39,000.00 $0.00 $39,000.00 $332,506.00 December 2020 8,560.00 $1,268,607.21 $618,303.24 $53,654.76 $7,546.76 $1,956,671.97 $327,646.54 $129,564.90 $56,730.54 $256,321.21 $156,310.12 $80,654.55 $135,654.56 $87,076.86 $5,761.21 $1,982.34 $80,462.87 $0.00 $1,318,166.00 $638,505.97 $45,000.00 $0.00 $45,000.00 $593,505.97
Transcribed Image Text:30 Room Hotel Revenue Rooms Occupied Rooms Revenue Food & Berverage Other Operated Departments Rentals and Other Income Total Revenue Expenses Rooms Food & Beverage Other Operated Departments Administrative and General Sales and Marketing Property Operation and Maintenance Utilities Management Fees Rent, Property Taxes, and Insurance Interest Expense Depreciation and Amortization Loss or (Gain) on the Disposition of Assets Total Expenses Income Before Income Taxes Income Taxes Current Deferred Total Income Taxes Net Income December 2021 6,560.00 $1,068,607.21 $518,303.24 $48,654.76 $7,546.76 $1,649,672.00 $287,646.54 $129,564.90 $56,730.54 $256,321.21 $156,310.12 $80,654.55 $135,654.56 $87,076.86 $5,761.21 $1,982.34 $80,462.87 $0.00 $1,278,166.00 $371,506.00 $39,000.00 $0.00 $39,000.00 $332,506.00 December 2020 8,560.00 $1,268,607.21 $618,303.24 $53,654.76 $7,546.76 $1,956,671.97 $327,646.54 $129,564.90 $56,730.54 $256,321.21 $156,310.12 $80,654.55 $135,654.56 $87,076.86 $5,761.21 $1,982.34 $80,462.87 $0.00 $1,318,166.00 $638,505.97 $45,000.00 $0.00 $45,000.00 $593,505.97
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