See attached files.
Prepare a analysis of Situation 9.6
In your financial analysis, discuss the findings from your calculations and how they effect the organization. Your analysis should be based on the calculation of the following financial ratios:
Cost of labor percentage for rooms and F&B
Cost of food sold percentage
Cost of beverage sold percentage
Average daily rate
Profit margin for rooms and F&B
Total revenue change from budget for rooms and F&B
Housekeeping cost per occupied room
Room sales to total sales
Total rooms division payroll per occupied room
***Also attached is some notes on financial ratio, dealing with hotels***© BrainMass Inc. brainmass.com October 25, 2018, 3:02 am ad1c9bdddf
See attached file.
? Occupancy percentage. Rooms sold: rooms available. The occupancy percentage of the hotel is 80.69% which is far higher than the U.S rate average of 60 % to 70%. Therefore performance of hotel is good.
? Cost of labor percentage. Payroll +related expenses: total revenue
Cost of labor for rooms division is 16.25% which is lower than the industry average of 18 to 22%. Therefore cost control is effective in room division. Cost of labor percentage for F & B is 37.53% which is in line with the industry rate of 35% to 45%.
? Cost of food sold percentage. Cost of food ...
Financial rate analysis for hotel in Costa Mesa, California is examined.
Nike 10K Form Analysis - Intermediate Financial Accounting I
-What items on the balance sheet would be recognized at historical cost?
-Which of the items listed using historical cost could potentially be the most undervalued? Would any of the items possibly be overvalued under historical cost?
-Do the notes to the financial statements disclose fair market values on these items identified? Why? Justify your answer.
-What is the amount of total assets on the balance sheet? Did this balance seem high, low, or just about right to you? Why?
-What is the amount of total current liabilities on the balance sheet? What determines if an item is listed as current?
-Do you feel that the notes to the financial statements are adequate in regard to disclosing areas that need further clarification? Why?
-Does Nike, Inc. address inventory reserves? If so what is their policy related to this? Do you agree with this? Why?
-Does Nike, Inc. use the retail inventory method and if so, what version do they use? If not why?
-What is included in property, plant, and equipment? Are there any special rules related to valuation of this group of assets?
-Which asset under property, plant, and equipment makes up the largest portion of the balance? Which asset makes up the smallest portion of the balance?
-Do you think that there should be more detail on the face of the balance sheet on the property, plant, and equipment account such as showing the different asset accounts? What would be the value of doing this?
-Are there any gains or losses included in the income statement balance? If so what are the details? If not why do you think they are not included?View Full Posting Details