1. Hotel has submitted an income statement for the end of the month that shows a...

1. Hotel has submitted an income statement for the end of the month that shows a net profit of $10,000. You will need to show that income statement based on the following given information. Food revenue and room’s revenue are the only two forms of revenue and food revenue is exactly the same as room revenue. Direct operating expenses for food is 50% of food revenue and direct operating expenses for rooms is 35% of room’s revenue. Marketing expenses are 20% of Total revenue, rent is 7%, A&G is 6%, Utilities are 8% Depreciation is 5%, Interest is 5% and Net Profit is 5%. Please put together a common-size income Statement using the correct format for the Hotel and make sure that you calculate the correct taxes (the only other additional expenses on the income statement) .

Expert Solution

ekkarill92 answered 2 years ago

If the bank statement at the end of the month shows a balance of IDR 360...

If the bank statement at the end of the month shows a balance of IDR 360 million, checks are still in circulation IDR 120 million, deposits in transit worth IDR 40 million and checks worth IDR 5 million are charged by the bank to the company account, what is the correct balance of the bank account at the end of the month? A. IDR 275.000.000 B. IDR 285.000.000 C IDR 205.000.000 D. IDR 435.000.000

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