You will need to login to www.statcrunch.com The username an…
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Read DetailsAs a new GM, you want to set a goal to achieve a 3.1% increa…
As a new GM, you want to set a goal to achieve a 3.1% increase in hotel’s Total Revenues for the upcoming accounting period. Other goals set to control expenses based on the sales estimate are shown below. Complete budgeting on the table below by filling out cells highlighted in yellow with MS Excel formulas. HFT4464 Spring2024 Online Makeup Exam2 Upload.xlsx
Read DetailsThe 160-room hotel, at 1001 Southwest Second Avenue, is owne…
The 160-room hotel, at 1001 Southwest Second Avenue, is owned by the entity Mary Brickell Village Hotel LLC, which is managed by Villar, president of Miami-based Sunview Companies. Completed in 2013, the hotel has assets totaling $34 million including Land and Building values of $12 and $15 million respectively. The remaining was Current Assets including $75,000 worth of Inventories. There was $16 million in Long-Term Liabilities in addition to $2 million in Account Payable. At the end of accounting period as the Balance Sheet was prepared, the hotel obtained a $153,000 EBITDA. Based on the statement above, build a simple balance sheet on a MS Excel spreadsheet and perform ratio analyses. Liquidity Ratios Current Ratio Quick Ratio Working Capital Solvency Ratios Debt to Equity Ratio Debt to EBITDA Ratio
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