Reference no: EM133530898

Assignment: Accounting

Part I

See the pages from 47 to 50 of Marriott International Inc's Annual Report.

A. What was the total revenues of Marriott International Inc. in 2012?
B. What was the net income of Marriott International Inc. in 2010?
C. Total Asset in 2012?
D. Total Liabilities and Shareholders' deficit in 2011?

Part II

Now you are familiar with income statement and other financial reports. The table below is a part of the simplified income statement with hotel operating statistics. Please answer question 1, 2, 3, and 4.Show me the process of calculations. (20 points)

Income and Expenses
	2013	2014	2015
Total # of rooms	300	300	300
Occupancy rate	60%	70%	75%
Average daily rate	$155	$160	$165
Days open	365	365	365
RevPar	$93	$112	$124
Total rooms Revenues*	$10,183,500	Q1	$13,550,625
Departmental expenses	-$3,055,050	$3,679,200	$4,065,188
Departmental income	=$7,128,450	Q2	$9,485,438
Operating expenses	-$1,527,525	$1,839,600	$2,032,594
Income before fixed charges	=$5,600,925	Q3	$7,452,844
Fixed charges expenses	-$509,175	$613,200	$677,531
Net Income	=$5,091,750	Q4	$6,775,313

How to calculate Total rooms Revenues?

Total rooms Revenues = {((Total # of rooms) X Occupancy rate) X ADR} X Days open
Ex) 2013 Total rooms Revenues = {((300) X 0.6) X 155} X 365 = 10,183,500

A. Total rooms revenues in 2014?
B. Departmental income in 2014?
C. Income before fixed charges in 2014?
D. Net Income in 2014?