1. What is the GOPPAR of Hotel X for the year of 2021? 2. What is the flow-through for Hotel X for the period of 2020-2021?
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1. What is the GOPPAR of Hotel X for the year of 2021?
2. What is the flow-through for Hotel X for the period of 2020-2021?
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- Balance sheet Assets Non-current assets Property, plant and equipment Long-term receivables Total non-current assets Current Assets Goods Customers Cheques receivable Cash Total current assets Total assets Equity and Liabilities Equity Equity Reserves Total Equity Obligations Long-term liabilities Current Liabilities Suppliers Other current liabilities Taxes Payable Total Current Liabilities Total Liabilities Total Equity and Liabilities Sales Cogs Mixed result Staff remuneration Profit and loss statement Miscellaneous costs Depreciation Profit before tax Income Tax Net profit for the financial year The following data are given: • ● 2020 240.000,00 | 180.000,00 25.000,00 14.000,00 265.000,00 194.000,00 2021 55.000,00 40.000,00 125.000,00 135.000,00 62.000,00 71.000,00 183.000,00 160.000,00 425.000,00 406.000,00 690.000,00 600.000,00 200.000,00 170.000,00 92.000,00 60.000,00 292.000,00 230.000,00 55.000,00 30.000,00 730.000,00 -240.000,00 490.000,00 -114.000,00 -255.000,00 -60.000,00…Classify the accounts listed below by matching the account name with one of the following financial statementsections in which the account would be reported:a. Current Assetsb. Fixed Assetsc. Intangible Assetsd. Current Liabilitye. Long-Term Liabilityf. Owners’ Equityg. Revenuesh. Operating Expensesi. Other Income/Expense____ 31. Buildings____ 32. Accumulated Depreciation - Buildings____ 33. Depreciation Expense____ 34. Trademarks____ 35. Amortization Expense____ 36. Repairs Expense____ 37. Land Improvements____ 38. Gain on sale of equipment____ 39. Loss on disposal of asset____ 40. Loss from Impaired GoodwillWhat to put in the income statement based on this list? InventoryBuildings & ImprovementsAccumulated Depreciation - Buildings & ImprovementsFurniture & FixturesAccumulated Depreciation - Furniture & FixturesOffice EquipmentAccumulated Depreciation - Office EquipmentAccounts PayableLoans PayableAccrued LiabilitiesSalaries PayableEmployee Benefits PayablePaid-Up Share Capital - CommonAdditional Paid in CapitalRetained EarningsSalesFees and Surcharges & FinesOther Income & GainsMiscellaneous IncomeCost of SalesInterest ExpenseOffice Supplies ExpenseTravel and TransportationTaxes and LicensesProfessional FeesRent ExpenseMeeting and ConferencesBad Debts ExpenseDepreciation Expense - B&IDepreciation Expense - FFDepreciation Expense - OEEmployees Benefit ExpenseSalaries & WagesCommunicationMiscellaneous ExpensesIncome Summary
- Accounts Sales to outside parties Intersegment sales Interest income-external Interest income-intersegment loans Assets Operating expenses Expenses-intersegment sales Interest expense-external Interest expense-intersegment loans Income tax expense (savings) General corporate expenses Unallocated operating costs Revenue Test Profit or Loss Test Books Computers Maps Travel Finance Total Required: a1. Determine the reportable segments by performing revenue test. a2. Determine the reportable segments by performing profit or loss test. a3. Determine the reportable segments by performing asset test. Segment Revenues Percentage Complete this question by entering your answers in the tabs below. Asset Test $ Company Total $ 1,735 0 551 135 167 3,728 1,580 % % 0.0 % 255 127 227 141 105 130 % Reportable % Books $ 189 44 78 0 256 135 90 0 41 62 Reported or Not Reported Computers Maps $ 756 $ 446 280 59 0 0 0 0 1,481 868 71 BLOr Determine the reportable segments by performing revenue test. Note:…From the following balances of Jamal Plc., as at 31.12.21 Prepare Financial statement. Administration expenses Selling and Distribution Expenses - Director's remunerations paid Motor vehicles (cost) Accumulated depreciation: Motor vehicles (1.1.21) Trade receivables - Trade payables - Interest paid - Revenue- Cost of sales- Equipment (31.12.21) Accumulated depreciation: Equipment (1.1.21) Audit fees Cash at bank Retained earnings (1.1.21) Reserves and surplus Share capital (£1) Dividend paid Inventories (31.12.21) Bank loan (10%) DEBIT CREDIT RO'000 RO'000 3600 5670 324 25920 4140 900 44874 30780 2880 108 720 4860 124776 6480 7038 65934 11340 8004 2400 14580 9000 124776Determine the classification accounts as to asset, liability and equity. If asset or liability determine if it is current or non current Account title SFP classification 1.Accrued rent 2. Marketable securities 3. Deferred income 4. Notes due to suppliers 5. Precollected rent 6. Investment in real estate 7. Notes due from customers 8. Franchise 9. Bad debts 10. Amortization- franchise 11. Patents
- (Preparation of a Classified Balance Sheet, Periodic Inventory) Presented below is a list of accounts in alphabetical order. Accounts ReceivableBuildingsAccumulated Depreciation—BuildingsCash (in bank)Accumulated Depreciation—EquipmentCash (on hand)Accumulated Other Comprehensive IncomeCash Surrender Value of Life InsuranceAdvances to EmployeesCommission ExpenseAdvertising ExpenseCommon StockAllowance for Doubtful AccountsInterest ReceivableBond Sinking FundInventory—BeginningBonds PayableInventory—EndingLandPrepaid RentLand for Future Plant SitePurchase Returns and AllowancesLoss from FloodPurchasesNotes Payable (due next year)Retained EarningsPaid-in Capital in Excess of Par—Preferred StockSalaries and Wages Expense (sales)PatentsSalaries and Wages PayablePayroll Taxes PayableSales DiscountsPension LiabilitySales RevenuePetty CashTreasury Stock (at cost)Preferred StockUnearned Subscriptions RevenuePremium on Bonds Payable InstructionsPrepare a classified balance sheet in good form.…Income statement data: Advertising expense Cost of goods sold Delivery expense Depreciation expense-office buildings and equipment Depreciation expense-store buildings and equipment Income tax expense Interest expense Interest revenue Miscellaneous administrative expense Miscellaneous selling expense Office rent expense Office salaries expense Office supplies expense Sales Sales commissions Sales salaries expense Store supplies expense Retained earnings and balance sheet data: Accounts payable Accounts receivable Accumulated depreciation-office buildings and equipment Accumulated depreciation-store buildings and equipment Allowance for doubtful accounts Bonds payable, 5%, due in 10 years Cash Common stock, $20 par (400,000 shares authorized; 85,000 shares issued, 94,600 outstanding), January 1, 20Y8 Dividends: Cash dividends for common stock Cash dividends for preferred stock Goodwill Income tax payable $150,000 3,700,000 30,000 30,000 100,000 140,500 21,000 30,000 7,500 14,000 50,000…Devise a coding scheme using block and sequential codes for the following chart of accounts for Jensen Camera Distributors.CashAccounts ReceivableOffice Supplies InventoryPrepaid InsuranceInventoryInvestments in Marketable SecuritiesDelivery TruckAccumulated Depreciation—Delivery TruckEquipmentAccumulated Depreciation—EquipmentFurniture and FixturesAccumulated Depreciation—Furniture and FixturesBuildingAccumulated Depreciation—BuildingLandAccounts PayableWages PayableTaxes PayableNotes PayableBonds PayableCommon StockPaid-In Capital in Excess of ParTreasury StockRetained EarningsSalesSales Returns and AllowancesDividend IncomeCost of Goods SoldWages ExpenseUtility ExpenseOffice Supplies ExpenseInsurance ExpenseDepreciation ExpenseAdvertising ExpenseFuel ExpenseInterest Expense
- Revenue is recognized based on a five-step process that is applied to a company's revenue arrangements. INSTRUCTIONS: d. How does the five-step process reflect application of the definitions of assets and liabilities?Using accrual accounting, when is revenue recognized?A. When cash transfers B. When the performance obligation is fulfilled C. When products is received FOB shipping point D. When the products is shipped FOB destinMatch the statements below with the accounting assumption, characteristic, or principle to which the statement relates. Assumptions/characteristics/principles may be used once, more than once, or not at all. Recorded when the performance obligation is satisfied. a. Revenue recognition principle V The reason for recording accruals and deferrals in adjusting entries. b. Matching principle Valuing assets at amounts originally paid for them. C. Historical cost principle Entity assumed to have a long life d. Going concern assumption Description of significant accounting policies and unusual events. e. Full disclosure principle v Information has predictive and confirmatory value. T. Relevance characteristic 8. Consistency characteristic