Accounting and Financial Analysis in the Hospitality Industry 1st Edition by Johnathan Hales ,Hubert Van Hoof

تمرين 5

Questions 1-4 represented the second step in the Financial Management Cycle. The following questions represent the third step-analyzing the numbers.
A. For the Lumberjack Hotel, discuss the actual January performance including dollar and percentage change. Include comparisons of actual with both the budget and the last year and identify the operating departments that improved or did not improve.
B. For Darden Restaurants, explain what the mix percentages tell about the sales amounts and number of units for each restaurant concept.
C. For Marriott International, which market segment increased their sales mix percent the most and which, if any, had a decrease in their mix percent.
D. For General Electric, list the cost areas that resulted in productivity improvements and any that resulted in productivity declines for this year. Comment in all four cost areas as well as total costs. Why did the earnings percentage go up? Is that good or bad?
Question 1
Following are the financial results for January for the Lumberjack Hotel:
Calculate the following:
A. Dollar change for room revenue-actual to budget and last year.
B. Percentage change in room revenue-actual to budget and last year.
C. Dollar and percentage change for rooms sold and average rate-actual to budget and last year.
D. Actual and budget sales mix percentages for room, total food beverage, and gift shop revenues.
E. Actual and budget Food Beverage sales mix percentages for restaurant, beverage, and catering revenues.
Question 2
The following financial information is from the Darden Restaurants Annual Report:
A. What was the total annual sales and the number of total restaurants for Darden?
B. Calculate the sales mix percentage for the different Darden Restaurants.
C. Calculate the restaurant unit mix percentage for the different Darden Restaurants.
Question 3
Following is the Revenue (in millions) from Continuing Operations from a recent Marriott International
Annual Report
A. Calculate the sales mix percentage for each market segment for this year and last year.
B. Calculate the percentage change in revenue for each segment for this year compared to last year.
C. What is the total Marriott revenue growth (percentage change) for this year compared to last year?
Question 4
Calculate each cost percentage and the profit (Earnings Before Taxes) percentage for General Electric for the following years: