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Hot Shoppes, Inc., 1962 Annual Report
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Marriott Hot Shoppes. Hot Shoppes, Inc., 1962 Annual Report - Image 5. 1962. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. October 20, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/753/show/741.

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. (1962). Hot Shoppes, Inc., 1962 Annual Report - Image 5. 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/753/show/741

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., 1962 Annual Report - Image 5, 1962, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed October 20, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/753/show/741.

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., 1962 Annual Report
Creator (LCNAF)
  • Marriott Hot Shoppes
Publisher Marriott Hot Shoppes
Date 1962
Description Hot Shoppes, Inc. Annual Report for the fiscal year ending on July 29, 1962.
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 5
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_033_005.jpg
Transcript Hot Shoppes, Inc. and Subsidiaries CONSOLIDATED INCOME AND EARNED SURPLUS for the 52 weeks ended July 29, 1962 and July SO, 1961 INCOME SALES DEDUCTIONS Cost of Sales and Operating Expenses Administrative and General Expenses Payroll and Other Taxes Depreciation and Amortization , Interest and Finance Expenses NET INCOME BEFORE TAXES ON INCOME FEDERAL AND STATE INCOME TAXES (Including $679,009 and $356,086 Deferred Taxes) NET INCOME EARNED SURPLUS BALANCE Beginning of Period ADD Net Income DEDUCT 4% Stock Dividends—amount transferred to Capital Stock and Capital Surplus Cash paid in lieu of fractional stock dividends BALANCE End of Period 1962^^ $71,517,367 1961 $58,869,188 $58,843,072 4,626,427 2,109,221 1,973,634 106,482 $47,980,805 3,800,552 1,656,552 2,022,460 358,159 $67,658,836 $55,818,528 $ 3,858,531 $ 3,050,660 1,643,598 1,383,253 $ 2,214,933 $ 1,667,407 $ 6,916,505 $ 7,081,755 2,214,933 1,667,407 $ 9,131,438 $ 8,749,162 $ 2,064,600 143 $ 1,776,407 56,250 $ 2,064,743 $ 1,832,657 $ 7,066,695 $ 6,916,505 A C C O U N T A NTS' 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 29, 1962, 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 29, 1962, and the results of their operations for the fifty-two weeks then ended, and were prepared in conformity with generally accepted account- . ing principles applied on a basis consistent with that of the preceding period. Arthur Andersen & Co. Washington, D. C, September 6, 1962.