Case Study 1 - Table of contents 1 Summary Statement of...

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Table of contents 1Summary Statement of Income 2006 *2-1Rooms Department Schedule *2-2Food Department Schedule *2-3Bevarage Department Schedule 3Statement of Income-Single Column Format 4Comparative Statement: Current vs Last year 5Comparative Statement: Current vs Budget 2006 6Comparative Statement: Current vs PKF Report 7Comparative Statement: 6 months Actual 2007 vs Budget 2007 You are requested to complete the table 4 to 7.
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Hotel Beta Case Made by T. Hara, Associate Professor, Rosen College of Hospitality Management, University of Central Florida Hotel Beta Sheet #1 Summary Statement of Income Advise for revision: here For the year ended 31/12/2006 Sched Net Cost Payroll & Related Other Income # Revenue of Sales Expenses Expenses (Loss) ………… ……………………………………… …………………… ……………… ………………… OPERATED DEPARTMENTS ROOMS 1 $17,684,506 $3,994,236 $1,962,071 $11,728,199 FOOD 2 $8,226,399 $2,960,101 $2,577,044 $679,833 $2,009,421 BEVERAGE 3 $3,115,576 $671,953 $810,024 $474,509 $1,159,090 TELECOMMUNICATIONS 4 $875,442 $669,192 $145,684 $69,230 -$8,664 RENTALS & OTHER INCOME 5 $750,886 $750,886 ……………………………………… …………………… ……………… ………………… TOTAL OPERATED DEPARTMENTS $30,652,809 $4,301,246 $7,526,988 $3,185,643 $15,638,932 ……………………………………… …………………… ……………… ………………… UNDISTRIBUTED OPERATING EXPENSES ADMINISTRATIVE & GENERAL 6 $923,488 $1,334,521 $2,258,009 MARKETING 7 $530,046 $1,698,476 $2,228,522 PROPERTY OPERATION AND MAINTENANCE 8 $823,342 $655,559 $1,478,901 UTILITY COSTS 9 $2,098,204 $2,098,204 TOTAL UNDISTRIBUTED …………………… ……………… ………………… OPERATING EXPENSES $2,276,876 $5,786,760 $8,063,636 ……………………………………… …………………… ……………… ………………… TOTALS $30,652,809 $4,301,246 $9,803,864 $8,972,403 ************************************** ******************** ******************** INCOME AFTER UNDISTIBUTED OPERATING EXPENSES $7,575,296 RENT, PROPERTY TAXES, AND INSURANCE $2,565,116 INCOME BEFORE INTEREST, DEPRECIATION AND AMORTIZATION, AND INCOME TAXES* $5,010,180 INTEREST EXPENSE $1,845,388 INCOME BEFORE DEPRECIATION AMORTIZATION AND INCOME TAXES $3,164,792 DEPRECIATION AND AMORTIZATION $2,209,604 GAIN (LOSS) ON SALE OF PROPERTY $4,296 …………………… INCOME BEFORE INCOME TAXES $959,484 INCOME TAXES $383,793 …………………… NET INCOME (LOSS) $575,690 ******************* ____________________________________ *Also known as EBITDA (Eearnings before Interest, Taxes, Depreciation, and Amortization)
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Hotel Beta Case Made by T. Hara, Associate Professor, Rosen College of Hospitality Management, University of Central Florida Hotel Beta Sheet # 2-1 Rooms Department Schedule #1 For the year ended Dec 31, 2006 REVENUE $17,903,046 OCC% = 68.2% ADR = $179.80 ALLOWANCES $218,540 #ROOMS 400 ………………… #days per year 365 NET REVENUE $17,684,506 EXPENSES Salaries and Wages $3,273,897 Employee Benefits $720,339 Total Payroll and Related Expenses $3,994,236 Other Expenses …………………… Cable/Satellite TV $68,799 Commissions $187,233 Complimentary Guest Services $8,885 Contract Services $99,852 Guest Relocation $10,450 Guest Transportation $152,403 Laundry and Dry Cleaning $123,338 Linen $45,827 Operating Supplies $458,224 Reservations $434,870 Telecommunicatons $58,578 Training $65,323 Uniforms $232,396 Other $15,893 Total Other Expenses $1,962,071 …………………… TOTAL EXPENSES $5,956,307 …………………… DEPARTMENTAL INCOME (LOSS) $11,728,199 **********************
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Hotel Beta Case Made by T. Hara, Associate Professor, Rosen College of Hospitality Management, University of Central Florida
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