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Hot Shoppes, Inc., 1963 Annual Report
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Marriott Hot Shoppes. Hot Shoppes, Inc., 1963 Annual Report - Image 9. 1963. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 24, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/221/show/216.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marriott Hot Shoppes. (1963). Hot Shoppes, Inc., 1963 Annual Report - Image 9. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/221/show/216

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marriott Hot Shoppes, Hot Shoppes, Inc., 1963 Annual Report - Image 9, 1963, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed February 24, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/221/show/216.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Hot Shoppes, Inc., 1963 Annual Report
Creator (LCNAF)
  • Marriott Hot Shoppes
Publisher Marriott Hot Shoppes
Date 1963
Description Hot Shoppes, Inc. Annual Report for the fiscal year ending on July 28, 1963.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Marriott Hot Shoppes
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location Marriott Hotels Collection
Digital Collection Annual Reports from the Hospitality Industry Archives
Digital Collection URL http://digital.lib.uh.edu/collection/hiltonar
Repository Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston
Repository URL http://www.uh.edu/hilton-college/About/hospitality-industry-archives
Use and Reproduction No Copyright - United States
File Name index.cpd
Item Description
Title Image 9
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_034_009.jpg
Transcript Hot Shoppes, Inc. and Subsidiaries CONSOLIDATED INCOME ANO EARNED SURPLUS for the 52 weeks ended July 28,1963 and July 29,1962 INCOME 1963 1962 SALES I $74,596,857 $71,517,367 DEDUCTIONS Cost of Sales and Operating Expenses $61,242,736 $58,843,072 Administrative and General Expenses 4,751,156 4,626,427 Payroll and Other Taxes j 2,331,411 2,109,221 Depreciation and Amortization 2,162,459 1,973,634 Interest and Finance Expenses 89,503 106,482 $70,577,265 $67,658,836 NET INCOME BEFORE TAXES ON INCOME |$ 4,019,592 $ 3,858,531 FEDERAL AND STATE INCOME TAXES (Note 4) (Including $711,151 and $679,009 Deferred Taxes) 1,639,620 1,643,598 NET INCOME 1$ 2,379,972 $ 2,214,933 EARNED SURPLUS BALANCE Beginning of Period $ 7,066,695 $ 6,916,505 ADD Net Income 2,379,972 2,214,933 DEDUCT 4% Stock Dividends — amount transferred to Capital Stock and Capital Surplus (Note 3) 1,860,024 2,064,600 Cash paid in lieu of fractional stock dividends — 143 BALANCE End of Period ,. I $ 7,586,643 $ 7,066,695 The accompanying notes are an integral part of these statements. ACCOUNTANTS1 OPINION TO THE STOCKHOLDERS AND BOARD OF DIRECTORS, HOT SHOPPES, INC.: We have examined the statement of consolidated financial condition of HOT SHOPPES, INC. (a Delaware corporation) and subsidiaries as of July 28, 1963, and the related statements of consolidated income and earned surplus for the fifty-two weeks then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the accompanying statement of consolidated financial condition and statements of consolidated income and earned surplus present fairly the financial position of Hot Shoppes, Inc. and subsidiaries as of July 28, 1963, and the results of their operations for the fifty-two weeks then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding period. Washington, D. C, September 11, 1963. ARTHUR ANDERSEN & CO.