Presented below is information related to Gonzales Company. Required: How much did Gonzales Company have in revenues for the year? Assets, January 1 $ Liabilities, January 1 Assets, December 31 Liabilities, December 31 Issuance of stock Revenues Expenses Dividends

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented