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  • Larkin Motel: Income Statement For The Year Ended 2012

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    The Larkin Motel earned $173,430 in total revenues for 2012, with $167,928 coming from room rentals. Total operating expenses were $54,822 or 31.6% of revenues. Fixed expenses including taxes, insurance and depreciation totaled $42,510 or 24.5% of revenues. This resulted in a pretax profit of $76,098, equivalent to a net profit margin of 44%.

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    The Larkin Motel earned $173,430 in total revenues for 2012, with $167,928 coming from room rentals. Total operating expenses were $54,822 or 31.6% of revenues. Fixed expenses including taxes, insurance and depreciation totaled $42,510 or 24.5% of revenues. This resulted in a pretax profit of $76,098, equivalent to a net profit margin of 44%.

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    17 visualizzazioni2 pagine

    Larkin Motel: Income Statement For The Year Ended 2012

    Caricato da

    teha_zai
    The Larkin Motel earned $173,430 in total revenues for 2012, with $167,928 coming from room rentals. Total operating expenses were $54,822 or 31.6% of revenues. Fixed expenses including taxes, insurance and depreciation totaled $42,510 or 24.5% of revenues. This resulted in a pretax profit of $76,098, equivalent to a net profit margin of 44%.

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    © All Rights Reserved
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    LARKIN MOTEL

    Income Statement For The Year Ended 2012


    $ %
    Revenues:
    Room Rentals (169113-1185) 167928 96.8%
    Other Revenue 5502 3.2%
    Total 173430 100.0%

    Operating Expenses:
    Payroll Costs (18789-795+1128) 19122 11.0%
    Administrative and General 0 0.0%
    Direct Operating Expenses (6285+1185+8718+4872-933+840+75) 21042 12.1%
    Fees and Commissions 0 0.0%
    Advertising and Promotion (1668-600+996) 2064 1.2%
    Repairs and Maintenance 6414 3.7%
    Utilities (1992+4008-105-360+153+492) 6180 3.6%
    Total 54822 31.6%
    Fixed Expenses: 0.0%
    Property Taxes, Fees (7050-1005+1119) 7164 4.1%
    Insurance (8274-2025) 6249 3.6%
    Depreciation 21630 12.5%
    Interest (7575-687+579) 7467 4.3%
    Rent 0 0.0%
    Total 42510 24.5%

    Profit (pretax) 76098 43.9%


    net profit margin ratio 0.44

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