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4. Terry Ray manages a large hotel in an urban Midwestern city. He wants to use vertical analysis and a slightly modified version of the USALI income statement (P&L) for his property to assess its financial performance last year. Complete the spreadsheet to help him evaluate his effectiveness as a manager. Terry's P&L TOTAL REVENUE Rooms-Revenue Payroll and Related Expenses Other Expenses Department Income Food-Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Beverage Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Telecommunications-Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Other Operated Departments-Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Rentals and Other Income Revenue Cost of Sales $ % 5,100,350 100.00 3,000,000 535,600 229,450 1,400,000 386,100 395,200 96,200 560,000 81,510 96,590 36,400 14,000 30,550 9,750 5,200 105,000 14,300 32,500 11,700 21,350 2,860

4. Terry Ray manages a large hotel in an urban Midwestern city. He wants to use vertical analysis and a slightly modified version of the USALI income statement (P&L) for his property to assess its financial performance last year. Complete the spreadsheet to help him evaluate his effectiveness as a manager. Terry's P&L TOTAL REVENUE Rooms-Revenue Payroll and Related Expenses Other Expenses Department Income Food-Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Beverage Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Telecommunications-Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Other Operated Departments-Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Rentals and Other Income Revenue Cost of Sales $ % 5,100,350 100.00 3,000,000 535,600 229,450 1,400,000 386,100 395,200 96,200 560,000 81,510 96,590 36,400 14,000 30,550 9,750 5,200 105,000 14,300 32,500 11,700 21,350 2,860

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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4. Terry Ray manages a large hotel in an urban Midwestern city. He wants to use vertical analysis and a slightly modified version of the USALI income statement (P&L) for his property to assess its financial performance last year. Complete the spreadsheet to help him evaluate his effectiveness as a manager. Terry's P&L TOTAL REVENUE Rooms-Revenue Payroll and Related Expenses Other Expenses Department Income Food-Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Beverage Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Telecommunications-Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Other Operated Departments-Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Rentals and Other Income Revenue Cost of Sales $ % 5,100,350 100.00 3,000,000 535,600 229,450 1,400,000 386,100 395,200 96,200 560,000 81,510 96,590 36,400 14,000 30,550 9,750 5,200 105,000 14,300 32,500 11,700 21,350 2,860 106 /4
Transcribed Image Text:4. Terry Ray manages a large hotel in an urban Midwestern city. He wants to use vertical analysis and a slightly modified version of the USALI income statement (P&L) for his property to assess its financial performance last year. Complete the spreadsheet to help him evaluate his effectiveness as a manager. Terry's P&L TOTAL REVENUE Rooms-Revenue Payroll and Related Expenses Other Expenses Department Income Food-Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Beverage Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Telecommunications-Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Other Operated Departments-Revenue Cost of Sales Payroll and Related Expenses Other Expenses Department Income Rentals and Other Income Revenue Cost of Sales $ % 5,100,350 100.00 3,000,000 535,600 229,450 1,400,000 386,100 395,200 96,200 560,000 81,510 96,590 36,400 14,000 30,550 9,750 5,200 105,000 14,300 32,500 11,700 21,350 2,860 106 /4
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