1. Compute the projected revenue level for July using a four-month moving average and the following sales data January $180,000 February$220,000 March$230,000 April$200,000 May$250,000 June$280,000 2. A motel has an occupancy rate of 75%, with 260 rooms available per day. At an ARR of $68; forecast room revenue for the month using 30 days. 3. Compute the variable cost per unit and the fixed cost per month for the semi-variable expense based on the information provided using the high-low method MonthVolumeLabor Cost 11500$280 21280$220 32500$380 41750$310 51250$230 4. If menu prices increase by 5% next year and volume increases by 8% beginning January 1st, forecast sales for the first 6 months MonthSalesPrice IncreaseVolume increase = Budget January35,000 February38,000 March44,500 April32,500 May48,000 June46,000 5. Use the weighted average to compute the average room rate from the following information: RoomsRate Single45$65.00 Double55$85.00 Suite15$125.00 6. Use the following information Sales = $537,000 Average Guest Check = $18.75 Food Cost Percent = 35.0% IBIT = $150,000 Calculate Break-even point 7. Complete the in/off season analysis for the following information Last YearIn-SeasonOff-SeasonIf Closed (12 months)(9 months)(3 months)off-season Sales$400,000$300,000 VC$300,000 CM$100,000 FC$ 60,000 IBIT$ 40,000 8. Use the CVP analysis method to calculate sales revenue required to achieve an IBIT of $75,000 with the following forecast data: Sales Forecast = $373,000 Variable costs = $167,000 Fixed costs = $103,000 Determine sales required to achieve an IBIT objective of $75,000 9. Calculate the payback period for the following project. Use straight-line depreciation. Purchase of equipment$100,000 Annual Savings$30,000 Depreciable life of asset5 years Salvage value0 10. Use the following information to determine the cause of sales variances: (10 points) BudgetActualVariance Room Sales463,500516,750 Information from managers budget working papers Rooms:4,500 Average room rate:$103.00 Current months statistics from the accounting department Rooms:5,300 Average room rate:$97.50 11. Provide a series of flexible budgets giving Sales, Variable Costs, Fixed Costs and Net Income for the year for estimated sales levels of 1000, 1500, and 2000 units; using fixed costs of $3,000 and variable costs per unit of $3.00 assuming a sales price per unit of $5.25 Unit Sales 100015002000 Sales Dollars Variable Costs Fixed Cost _________________________________________________________________ IBIT 12. Calculate the first month?s ending cash balance for the following: Beginning cash balance of $15,000 $200,000 Sales, with 40% paid in cash. Half of the sales on account is paid equally in the month of sale and the next month. Expenses were $120,000 all on credit. 20% paid in the month of purchase and the balance paid the second month.
https://brainytermpapers.com/wp-content/uploads/2019/10/logo.png 0 0 Brainy https://brainytermpapers.com/wp-content/uploads/2019/10/logo.png Brainy2017-12-14 23:09:032017-12-14 23:09:03Hospitality Finance
About us —
Owned by ONE FREELANCE TECHNOLOGIES, Brainy Term Papers lists more than 10,000 term papers on various academic fields/disciplines. This is where all your academic problems are solved professionally own brainytermpapers.com.We have several years of experience in offering excellent quality Term Papers to students in various academic fields.
Get in Touch With Us
+1(951) 476 0143