Hyatt Hotels Corporation (NYSE: H) is headquartered in Chicago and is a leading global hospitality company. The company develops, owns, and operates hotels, resorts, and vacation ownership properties in 70 different countries. For the year ended December 31, 2021, Hyatt Hotels Corporation reported the following select account information (in millions):
|
Revenue |
$ 3,028 |
|
Selling, General, and Administrative Expense |
3,279 |
|
Other Income |
458 |
|
Interest Expense |
163 |
|
Income Tax Expense |
266 |
|
Dividends |
0 |
|
Retained Earnings, December 31, 2020 |
3,389 |
Requirements
- Did Hyatt Hotels Corporation have net income or net loss for the year ended December 31, 2021?
- Review Item 1A, Risk Factors, of Hyatt Hotels Corporations annual report. What was the impact of the COVID-19 pandemic on Hyatt Hotels Corporations revenue and expenses?
- Journalize Hyatt Hotels Corporations closing entries at December 31, 2021.
- Determine Hyatt Hotels Corporations ending Retained Earnings balance at December 31, 2021.
- Review the Hyatt Hotels Corporations balance sheet included in the 2021 annual report and find ending Retained Earnings, December 31, 2021. Does your ending Retained Earnings calculated in Requirement 2 match?
Requirements: as it supposed to be
Get this or a similar paper done in as fast as 4 hours, 24/7.
NB: We do not sell prewritten papers. All essays are written from scratch according to specific needs and instructions
Leave a Reply
You must be logged in to post a comment.