4. Terry Ray manages a large hotel in an urban Midwestern city. He wants to use vertical analysis and a slightly modified version of the USALIincome statement (P&L) for his property to assess its financial performance last year.Complete the spreadsheet to help him evaluate his effectiveness as a manager.Terry's P&LTOTAL REVENUERooms-RevenuePayroll and Related ExpensesOther ExpensesDepartment IncomeFood-RevenueCost of SalesPayroll and Related ExpensesOther ExpensesDepartment IncomeBeverage RevenueCost of SalesPayroll and Related ExpensesOther ExpensesDepartment IncomeTelecommunications-RevenueCost of SalesPayroll and Related ExpensesOther ExpensesDepartment IncomeOther Operated Departments-RevenueCost of SalesPayroll and Related ExpensesOther ExpensesDepartment IncomeRentals and Other Income-RevenueCost of Sales$%5,100,350 100.003,000,000535,600229,4501,400,000386,100395,20096,200560,00081,51096,59036,40014,00030,5509,7505,200105,00014,30032,50011,70021,3502,860

Understand the vertical analysis and modified version of USALI Income statement.

Answered: Complete the spreadsheet to help him…

Business

Accounting

Complete the spreadsheet to help him evaluate his effectiveness as a manager. Terry's P&L

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 5PA: Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an...

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