Provide your analysis of the Income Statement for 2020:
Hotel du Port Year 2020 All amounts in Swiss Francs (CHF)
Account Account Balance
Insurance 21’000
Rooms department – salaries and wages 155’000
Food department – salaries and wages 163’000
Beverage department – salaries and wages 42’000
Food department – supplies 42’000
Cost of food sold 181’000
Cost of beverage sold 63’000
Room sales 775’000
Interest expense 85’000
Food sales 341’000
Beverage sales 115’000
A&G – salaries and wages 185’000
Beverage department – supplies 13’000
Advertising 24’000
Maintenance contract 59’000
Depreciation 52’000
Heat 40’000
Power & Lights 32’000
Rooms department – supplies 10’000
Property taxes 25’000
Property taxes 25’000
