Question

A 192-room hotel in year 2008 recorded total revenues of $7,537,000 and its GOP was 31.4%...

A 192-room hotel in year 2008 recorded total revenues of $7,537,000 and its GOP was 31.4% of total revenue. Its department costs were 43.9% and undistributed operating expenses were 24.7% of total revenue. What is the new GOP percentage for year 2009 if the hotel's total revenue increased 5.8%, the departmental cost percentage increased 3.2% and undistributed operating expenses increased an additional $49,600 from year 2008?

Year 2009: Total revenue (round to a whole number) $___

Year 2009:Dept. costs (round to two decimal points) $___

Year 2009: Undistributed costs (round to a whole number) $___

Year 2009:GOP (round to two decimal points) $___

Year 2009: GOP% (round to one decimal point) ___%

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
2008 2009
Total Revenue    7,537,000.00    7,974,146.00
Dept Cost    3,308,743.00    3,755,822.77
Gross Profit    4,228,257.00    4,218,323.23
UndisTotal Revenueibuted Cost    1,861,639.00    1,911,239.00
GOP    2,366,618.00    2,307,084.23
GOP% 0.314 0.28932054
Working
2008
Total Revenue = 7537000
Dept Costs = 7537000*43.90% = 3308743
Gross profit = Total revenue - dept cost
Gross profit = 7537000 - 3308743
Gross profit = 4228257
UOE = 7537000*24.7% = 1861639
GOP = Gross Profit - UOE
GOP =  4228257 - 1861639
GOP = 2366618
2009
Total Revenue = 7537000*1.058 = 7974146
Dept Cost = 7974146*(43.90%+3.2%) = 3755822.77
Gross Profit = Total Revenue - Dept Cost
Gross Profit = 7974146 - 3755822.77
Gross Profit = 4218323.23
UOE = 1861639 + 49600 = 1911239
GOP = Gross Profit - UOE
GOP =   4218323.23 - 1911239
GOP = 2307084.23
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. A 192-room hotel in year 2008 recorded total revenues of $7,537,000 and its GOP was...
1. A 192-room hotel in year 2008 recorded total revenues of $7,537,000 and its GOP was 31.4% of total revenue. Its department costs were 43.9% and undistributed operating expenses were 24.7% of total revenue. What is the new GOP percentage for year 2009 if the hotel's total revenue increased 5.8%, the departmental cost percentage increased 3.2% and undistributed operating expenses increased an additional $49,600 from year 2008? Year 2009 Total revenue (round to a whole number) $___ 2. Please use...
What is the relative growth difference in rooms revenue for a 205-room hotel that experienced an...
What is the relative growth difference in rooms revenue for a 205-room hotel that experienced an occupancy in 2006 of 80.4% and 82.7% in 2005? The hotel achieved an average room rate in 2006 of $198.36 and $179.55 in 2005. Round your answer (%) to one decimal point. Relative growth difference = ___ % What is the total liabilities to total assets ratio if a hotel had current assets of $73,370, and total assets of $839,400? The property’s current liabilities...
Compex Inc. produces microprocessors for laptops. Last year, the company recognized revenues of $2,000,000. Total costs...
Compex Inc. produces microprocessors for laptops. Last year, the company recognized revenues of $2,000,000. Total costs for the period were $1,000,000, of which $250,000 were fixed. If sales were to increase by $300,000, by how much would Computate’s operating income increase? NOTE: round values in intermediate calculations to two decimal points.
Analyzing and Interpreting Tax Footnote Under Armour, Inc. reports total tax expense on its income statement...
Analyzing and Interpreting Tax Footnote Under Armour, Inc. reports total tax expense on its income statement for year ended December 31, 2010 of $40,442 and cash paid for taxes of $38,773. The tax footnote in the company's 10-K filing, reports the following deferred tax information. Deferred tax assets and liabilities consisted of the following (in thousands): December 31 ($ thousands) 2010 2009 Deferred tax assets State tax credits, net of federal tax impact $ 1,750 $ -- Tax basis inventory...
Analyzing and Interpreting Tax Footnote Under Armour, Inc. reports total tax expense on its income statement...
Analyzing and Interpreting Tax Footnote Under Armour, Inc. reports total tax expense on its income statement for year ended December 31, 2010 of $40,442 and cash paid for taxes of $38,773. The tax footnote in the company's 10-K filing, reports the following deferred tax information. Deferred tax assets and liabilities consisted of the following (in thousands): December 31 ($ thousands) 2010 2009 Deferred tax assets State tax credits, net of federal tax impact $ 1,750 $ -- Tax basis inventory...
Forecasting and Estimating Share Value Using the DCF Model Following are the income statement and balance...
Forecasting and Estimating Share Value Using the DCF Model Following are the income statement and balance sheet for Intel Corporation. INTEL CORPORATION Consolidated Statements of Income Year Ended (In millions) Dec. 25, 2010 Dec. 26, 2009 Dec. 27, 2008 Net revenue $ 43,623 $ 35,127 $ 37,586 Cost of sales 15,132 15,566 16,742 Gross margin 28,491 19,561 20,844 Research and development 6,576 5,653 5,722 Marketing, general and administrative 6,309 7,931 5,452 Restructuring and asset impairment charges -- 231 710 Amortization...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT