Accounting Annual Report
vspell818
Ch6.Accounting-1.docxHOS 200 Chapter 6. Accounting assignment (30 points)
By Dr. Saehya Ann
Student name: ____________________
Part 1.
Please see the pages from 47 to 50 of Marriott International Inc’s Annual Report.
(10 points)
1. What was the total revenues of Marriott International Inc. in 2012? ____________
2. What was the net income of Marriott International Inc. in 2010? ______________
3. Total Asset in 2012? _____________
4. Total Liabilities and Shareholders’ deficit in 2011? ______________
Part 2.
Now you are familiar with income statement and other financial reports. The table below is a part of the simplified income statement with hotel operating statistics. Please answer question 1, 2, 3, and 4. Show me the process of calculations. (20 points)
|
Income and Expenses |
|
|
|
|
|
2013 |
2014 |
2015 |
|
Total # of rooms |
300 |
300 |
300 |
|
Occupancy rate |
60% |
70% |
75% |
|
Average daily rate |
$155 |
$160 |
$165 |
|
Days open |
365 |
365 |
365 |
|
RevPar |
$93 |
$112 |
$124 |
|
|
|
|
|
|
Total rooms Revenues* |
$10,183,500 |
Q1 |
$13,550,625 |
|
Departmental expenses |
-$3,055,050 |
$3,679,200 |
$4,065,188 |
|
|
|
|
|
|
Departmental income |
=$7,128,450 |
Q2 |
$9,485,438 |
|
Operating expenses |
-$1,527,525 |
$1,839,600 |
$2,032,594 |
|
|
|
|
|
|
Income before fixed charges |
=$5,600,925 |
Q3 |
$7,452,844 |
|
Fixed charges expenses |
-$509,175 |
$613,200 |
$677,531 |
|
|
|
|
|
|
Net Income |
=$5,091,750 |
Q4 |
$6,775,313 |
|
|
|
|
|
How to calculate Total rooms Revenues?
*Total rooms Revenues = {((Total # of rooms) X Occupancy rate) X ADR} X Days open
Ex) 2013 Total rooms Revenues = {((300) X 0.6) X 155} X 365 = 10,183,500
Q1. Total rooms revenues in 2014? _____________________
Q2. Departmental income in 2014? _____________________
Q3. Income before fixed charges in 2014? _____________________
Q4. Net Income in 2014? _____________________
