Income Statement Question Problem 2. A 192-room hotel in year 2013 recorded total revenues of...
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Accounting
Income Statement Question
Problem 2. A 192-room hotel in year 2013 recorded total revenues of $7,537,000 and its GOP was 31.4% of total revenue. Its department costs were 43.9% and undistributed operating expenses were 24.7% of total revenue. What is the new GOP percentage for year 2014 for the hotel if its total revenue increased 5.8%, the departmental cost percentage increased 3.2% and undistributed operating expenses increased an additional $49,600 from year 2013?
2013 2014
TR
-DC
GP
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GOP
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