Income Statement

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How to create a profit and loss statement for tour and activity operators

A Profit and Loss (or P&L) statement is usually calculated quarterly to give businesses an overview of how they're performing financially. It is " a financial statement that summarises the revenues, costs and expenses incurred during a specific period of time".

For tour and activity companies, it is especially important to know where your business stands at any given month, especially during the high and low seasons. Having such reports can help you predict what the following year might look like and gives you an idea of how you can drive more bookings.

I like this short video by Wall Street Survivor   that succinctly explains what a P&L statement or Income Statement is and why it's important. 

Before we get started, here are a few business practices you first need to establish:

1. Make sure to keep track of all your business' income and expenses, as well as the associated receipts and paperwork. You can save PDF versions or scan hard copies to reduce the physical clutter, and save them on a hard drive or on a storage cloud like Dropbox or Google Drive for easy access. 

2. Use a smart filing system so that it's easy to find the documents you need, when you need it. This might seem obvious but it's also easy to forget especially in the high season when there are other things vying for your attention.  Organise your documents in folders and use a simple file naming system like  [date]-[document name].[file type]

3. Use a booking system that keeps track of all your bookings and payments for you.  A software like TrekkSoft will help you stay on top of your bookings and provides you with the reports you need to build your P&L statement. 

Which report should you use for your tour and activity company?

TrekkSoft offers two types of reports, a Sales one and a Turnover one. 

Sales report - This reflects the bookings and sales made on the booking date, and which channels they were sold through. Shop items are also reported based on the booking date and is therefore included in the Sales report. The Sales report, then, is useful at determining future income and does not reflect the money you have in your bank account. 

Turnover report - This report shows you bookings based on the value date, which is the date a trip is set to depart or when your activity takes place. This report also includes any Add-Ons that customers have bought for their trip. The Turnover report therefore shows you how much money you should have received within the specified time period. 

Many of TrekkSoft's larger customers rely on data from their Turnover reports as it details bookings and payments that have already been fulfilled. If you run a Shop as well, say selling redeemable vouchers and coupons, I would advise you to also export the Sales report to extract the sales figures for your Shop. 

Our reporting feature also tracks how your agents and partners have performed over a specified period of time. This way, you'll know how many bookings an agent or partner has brought you, how much money you owe them in commission and how much you need to invoice them if  they take payments on your behalf. 

How to create a profit and loss statement with Microsoft Excel

Step 1: Export relevant data and clean it up

With TrekkSoft, first select the time frame you want to analyse your data. Then, click on "Download.xlsx".

Once you've downloaded your spreadsheet, clean it up by deleting irrelevant columns, and arranging it in a way that makes sense for your business. 

Income statement for tour and activity operators

Step 2: Set up your profit and loss statement

You can find a profit and loss template here for Microsoft Excel or here for Google Sheets . For both these templates, the formulas have already been set up and its as simple as entering the figures from your revenue sources and expenses. Also remember to change the name for each line item to suit your business. 

If you prefer not to use a template, you can check out these detailed instructions by PK Accountants  and download their data set to practice. 

Step 3: Fill in the blanks

Go through the statement and fill in the blanks. Make sure to list down all your income streams and expenses. All of it. Here is where keeping a smart filing system and staying on top of all your invoices and receipts can really help. 

With a booking software like TrekkSoft, creating monthly or quarterly financial statements don't have to be a chore. It's good practice to stay on top of your books, especially if you're hoping to get a loan in the future to expand your business. 

Are you ready to get more bookings? Find out how you can create a website that doubles bookings.

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Financial statements Instructions Accounts, Labels and Amount...

Answer & explanation.

  • Net Income = $377,600
  • Ending Capital Balance = $1,813,000
  • Total Assets = $1,865,000; Total Liabilities & Equity = $1,865,000
  • Irvin Dempski, Capital

Preparation of Income Statement of Adventure Travel Agency

We must deduct total expenses from total revenues to calculate the amount of net income.

Preparation of Statement of Owner's Equity of Adventure Travel Agency

Net income & additional investments are added to beginning capital balance whereas withdrawals are deducted to calculate the amount of ending capital.

Preparation of Balance Sheet of Adventure Travel Agency

Ending Balance of Irvin Dempski, Capital has been taken from statement of owner's equity in step 2 above.

Irvin Dempski, Capital appears on both statement of owner's equity & balance sheet.

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Tailored Adventure Travel Agency Financial Model

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This Tailored Adventure Travel Agency proforma encompasses the essential financial statements necessary for presenting to potential investors and stakeholders. It includes a comprehensive profit and loss statement, a meticulously crafted balance sheet forecast, and an in-depth cash flow projection analysis. Each financial statement is meticulously linked cell-to-cell to ensure automatic updates and seamless integration with key performance indicators, crucial ratios, and comprehensive financial summaries. This comprehensive financial model provides a thorough assessment of the company's financial performance, allowing for a profound analysis of the adventure travel agency's financial feasibility and viability. The expense analysis and cost structure provide valuable insights into the agency's budgeting and financial planning, while the revenue analysis and income statement shed light on the profitability and financial outlook of the tailored adventure travel agency. With this financial modeling in place, the adventure tour operator can confidently evaluate its financial forecast, conduct a break-even analysis, and assess the overall financial analysis of the operation.

TAILORED ADVENTURE TRAVEL AGENCY FINANCIAL MODEL REPORTS

The financial viability of an adventure travel agency is crucial for its success. By creating a tailored financial plan and conducting a comprehensive financial analysis, the agency can ensure its profitability and long-term sustainability. This includes generating a detailed budget, projecting revenue and expenses, and creating a cash flow projection . Additionally, conducting a break-even analysis and analyzing the expense structure are essential for understanding the financial performance of the agency. With careful financial planning and analysis, the adventure travel agency can make informed decisions and achieve financial success.

Youth Financial Literacy Program Proforma Dashboard

Sources And Uses

Financial planning is crucial for the success of adventure travel agencies. The tailored travel agency's financial projection and analysis help determine its viability and profitability. A budgetary model and financial forecast provide insights into the company's cost structure and revenue analysis. Cash flow projection and expense analysis are essential for tracking the agency's financial performance. An income statement and break-even analysis give a comprehensive overview of the agency's financial status. Through financial modeling and analysis, adventure tour operators can assess the financial feasibility and plan accordingly. A solid financial plan is essential for the growth and success of tailored adventure travel agencies.

Youth Financial Literacy Program financial model sources and uses

The integrated financial model provides a comprehensive analysis to demonstrate the financial viability and profitability of the adventure travel agency to potential investors.

The proforma for a tailored adventure travel agency presents assumptions, calculations, and outputs in an investor-friendly manner.

Breakeven Analysis

A Breakeven Analysis is an essential tool for adventure travel agencies to assess their financial viability and determine profitability. By calculating the point at which total costs and revenue are equal, agencies can determine the number of product units needed to be sold or the revenue required to cover fixed and variable costs. This analysis also enables agencies to set optimal sales prices for their products, as the contribution margin (sales cost per unit minus variable cost per unit) directly impacts profitability. By carefully examining their cost structure and conducting a breakeven analysis , adventure travel agencies can make informed financial decisions and improve their overall performance.

Youth Financial Literacy Program financial model breakeven analysis

Top Revenue

Our financial projection tool, specifically designed for Adventure Travel Agencies, provides a comprehensive analysis of your business's financial viability. The tool allows you to generate a demand report, analyze revenue depth and bridge, and project different demand levels based on time variation, such as weekdays versus weekends. This invaluable tool helps calibrate operations more precisely, enabling you to deploy resources effectively and plan for a profitable future. With our tailored financial plan, you can confidently make informed decisions for the success of your Adventure Travel Agency.

Youth Financial Literacy Program proforma Top Revenue

Business Top Expenses Spreadsheet

The financial model of our adventure travel agency provides a comprehensive overview of our company's financial performance. It includes a tailored travel agency financial projection, budgetary model, and cash flow projection . The financial plan also analyzes the income statement and profit and loss statement, allowing us to determine the profitability and financial viability of our agency. The Top Revenue tab in the financial model presents a clear and organized breakdown of our revenue streams, providing insights into our revenue depth and bridge. This analysis will help us in budgeting and making informed decisions regarding our adventure travel offerings.

Youth Financial Literacy Program financial model Top Expenses

TAILORED ADVENTURE TRAVEL AGENCY FINANCIAL PROJECTION FINANCIAL STATEMENTS

Finacial Statement

Our tailored financial model provides adventure travel agencies with a comprehensive and professional financial plan. It includes detailed projections, budgetary models, and financial forecasts specific to the adventure travel industry. Additionally, our financial analysis tool enables users to assess the financial viability and profitability of their operations. With our sophisticated cash flow projections and expense analysis, entrepreneurs can confidently plan their budget and evaluate the financial performance of their tailored travel agency. Furthermore, the ability to generate income statements and analyze expense data ensures a thorough financial overview for potential investors.

Youth Financial Literacy Program financial model finacial statement

Profit And Loss Statement

The Adventure Travel Agency's financial plan includes a tailored travel agency financial projection, a budgetary model for an adventure travel company, and a financial forecast for an adventure tour operator. The financial viability and feasibility of the adventure travel agency are analyzed through budgeting, financial planning, and financial analysis. The agency's income statement, profit and loss statement, and expense analysis showcase the financial performance and profitability of the tailored adventure travel agency. Financial modeling and cash flow projections provide an overview of the agency's financial overview, while break-even analysis determines the agency's profitability.

Youth Financial Literacy Program proforma profit and loss statement

Cash Flow Projection

The cash flow projection is a critical financial statement for any adventure travel agency. It provides valuable insights into the company's financial viability and helps assess the need for additional financing. By analyzing consolidated funds and identifying areas where additional funds are required, businesses can make informed decisions about their financial planning. This statement serves as a tool for budgeting and forecasting, allowing adventure tour operators to monitor their expenses and revenue, ultimately contributing to the profitability and success of the tailored travel agency.

Youth Financial Literacy Program Proforma Cash Flow Projection

TAILORED ADVENTURE TRAVEL AGENCY STARTUP BUDGET EXPENSES

The financial viability of an adventure travel agency can be assessed through the use of a tailored financial plan. This plan includes a comprehensive financial forecast, budgetary model, and cash flow projection. By analyzing the adventure travel company's cost structure and revenue analysis, the financial model helps determine the profitability and feasibility of the business. Additionally, it allows for expense analysis and provides a platform for financial planning and decision-making. Overall, the financial performance and analysis conducted through this model aid in understanding the financial health and potential of an adventure tour operator.

Youth Financial Literacy Program financial model Expense Assumptions

The financial forecast for the adventure tour operator highlights its profitability and financial viability.

Our budgeting tool provides a comprehensive financial overview for adventure travel agencies of all sizes.

Start Up Expenses

In order to ensure the financial viability and profitability of an adventure travel agency or tour operator, a comprehensive financial plan and projection should be developed. This includes budgeting, cash flow projections, and expense analysis. Additionally, financial modeling and analysis should be conducted to assess the feasibility and performance of the business. It is important to consider the cost structure, income statement, and break-even analysis to determine the financial outlook of the tailored adventure travel agency. Capital expenditure and start-up expenses should also be factored in when calculating the financial feasibility.

Youth Financial Literacy Program proforma start up expenses

Debt Financing

The financial plan for our adventure travel agency includes a comprehensive tailored travel agency financial projection. We have developed a budgetary model and financial forecast to assess the financial viability and feasibility of our adventure tour operator. Through financial planning, we have analyzed the adventure travel company's income statement, profit and loss statement, and cash flow projection. Additionally, we have conducted a break-even analysis and expense analysis to evaluate the financial performance and cost structure of our tailored adventure travel agency. Overall, our goal is to provide a thorough financial analysis and ensure the profitability of our adventure tour operator.

Youth Financial Literacy Program financial model Loan Inputs

TAILORED ADVENTURE TRAVEL AGENCY FINANCIAL PROJECTION METRICS

Financial KPIs

Adventure travel agencies need a comprehensive financial plan to ensure their success and viability. This includes tailored financial projections, budgetary models, and revenue analysis. It is essential to assess the financial feasibility and profitability of the business, as well as create a cost structure and expense analysis. A detailed financial overview, including income statements and performance analysis, helps in understanding the company's financial health. Additionally, financial modeling, including break-even analysis and cash flow projections, helps in making informed decisions and attracting investment. These metrics are crucial for funding and overall success.

Youth Financial Literacy Program proforma Profitability KPIs

Business Benchmarks

Our financial plan includes a detailed projection of our tailored travel agency's revenue and expenses. We have conducted a comprehensive financial analysis to determine the financial feasibility and viability of our adventure travel agency. Our budget includes a thorough breakdown of our cost structure and a cash flow projection to ensure our financial stability. Additionally, we have conducted a benchmarking study to compare our performance with other companies in the industry and assess our competitiveness. Our goal is to achieve profitability as an adventure tour operator and provide exceptional financial performance for our tailored adventure travel agency.

Youth Financial Literacy Program proforma KPIs Benchmark

Understanding the financial viability of an adventure travel agency is crucial for its success. By developing a comprehensive financial plan and projection, a tailored travel agency can assess its revenue analysis and cost structure to determine its profitability. Regular financial performance analysis and modeling can help track the company's cash flow, break-even point, and overall income statement. Additionally, it is important to evaluate the expense analysis and conduct a thorough financial feasibility assessment to ensure the long-term sustainability of the adventure tour operator. Monitoring these metrics allows business owners to make informed decisions and adjust operating strategies as needed.

Youth Financial Literacy Program proforma cash burn

Liquidity KPIs

Adventure travel agencies can use financial projections and budgetary models to assess their financial viability and plan for the future. By analyzing revenue, expenses, and cash flow, these agencies can determine their profitability and assess their financial feasibility. Additionally, financial performance can be evaluated through income statements, expense analysis, and break-even analysis. By using engaging and professional tone, adventure travel agencies can gain a better understanding of their financial situation and make informed decisions to ensure their success in the market.

Youth Financial Literacy Program proforma Cash Flow KPIs

TAILORED ADVENTURE TRAVEL AGENCY BUDGET TEMPLATE CAP TABLE AND VALUATION

Startup Valuation

The financial plan for our Tailored Adventure Travel Agency incorporates a range of analysis tools and projections. Our valuation analysis tab enables users to perform a Discounted Cash Flow valuation (DCF) and compile key financial metrics such as residual value, replacement costs, market comparables, and recent transaction comparables. This comprehensive approach ensures that our financial forecast is accurate and reliable, allowing us to assess the financial viability and feasibility of our adventure travel agency. Additionally, our income statement, profit and loss statement, and cash flow projection provide a clear overview of our budgetary model and expense analysis, helping us make informed decisions to maximize profitability and financial performance.

Youth Financial Literacy Program proforma startup valuation

Our financial plan for the adventure travel agency includes a tailored travel agency financial projection that takes into account the specific needs of our clients. We have also developed a budgetary model for the adventure travel company to ensure efficient use of resources. The financial forecast for the adventure tour operator demonstrates the potential revenue growth. Additionally, we have analyzed the financial viability and feasibility of the adventure travel agency to ensure its profitability. Our financial analysis includes an expense analysis and income statement for the tailored adventure travel agency. Overall, our financial planning and modeling aim to provide a comprehensive overview of the adventure travel company's financial performance.

Youth Financial Literacy Program financial model captable

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The assets and liabilities of Adventure Travel Agency on December 31, 20Y5, and its revenue and expenses

The assets and liabilities of Adventure Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows:

adventure travel agency income statement

Common stock was $250,000 and retained earnings was $1,160,400 as of January 1, 20Y5. During the year, additional common stock of $75,000 was issued for cash, and dividends of $50,000 were paid.

Instructions 1. Prepare an income statement for the year ended December 31, 20Y5. 2. Prepare a statement of stockholders’ equity for the year ended December 31, 20Y5. 3. Prepare a balance sheet as of December 31, 20Y5. 4. What items appear on both the statement of stockholders’ equity and the balance sheet?

Accounts payable $ 52,000 Miscellaneous expense $ 22,100 Accounts receivable 310,400 Rent expense Supplies Supplies expense Utilities expense 75,000 Cash 198,600 6,000 Common stock 325,000 15,300 Fees earned 1400,000 40,000 Land 1,350,000 Wages expense 870,000

Step by step answer:, 1 2 3 4 ending common stock and retained earnings appea... view the full answer.

Corporate Financial Accounting

Corporate Financial Accounting

ISBN: 978-0357510384

16th Edition

Authors: Carl S Warren, Jeff Jones

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Everything was perfect and we are very satisfied with services and accommodations.

Loved my time in Russia

The trip was great. Especially want to mention the guides I had on the extra days were exceptional. Both guides and drivers worked out well. Thanks again for all your help and attention. Loved my time in Russia, and still haven’t stopped talking about it.

Exploring Magnificent Russian Capitals, June 2017

Just want to say that our guide in St Petersburg was really outstanding. You really felt like someone was looking after you. Very observant - knowledgeable. We really enjoyed time spent with her.

Exploring Vibrant Moscow, June 2017

The experience was great!!! We had an excellent guide. The hotel was fabulous.

Thank you for your help !!! was an unforgettable trip.

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Why travel to Moscow

Contrasts: 12th century monasteries and some of the tallest skyscrapers in Europe can be found side-by-side in this complex and captivating city. The diversity of this mega-city is astounding. Only a few steps away from the solemn red facade of the Kremlin and the sounds of righteous church bells, a buzzing night scene and alternative-fashion boutiques can be found.

Culture: In Moscow only the best goes. Be it a theatre, restaurant or gallery, the standards are certain to be world-class. The Bolshoi ballet company is reputed to be even better than the Mariinsky’s and “MMOMA” (Moscow’s museum of modern art) exhibits works of art as profound as any that could be found in the famed MOMA.

Convenience: Unlike the rest of Russia, it’s easy enough to get by with just English in Moscow and, driving excepted, it is surprisingly safe: the murder rate is lower than in some of America’s major cities.

Top Sights in Moscow

Kremlin

St. Basil’s

MGU

Novodevichy Convent

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Why visit Moscow

It would take more than two days to walk around the perimeter of the biggest city in Europe, Moscow. Many of its inhabitants barely know what’s beyond the few blocks around their flat and there are so many attractions that it’s almost impossible to know where to start. If there is such a thing as an antidote to boredom, Moscow City is it. The mind-boggling range and diversity of things to do, places to eat, parks, historical monuments and more means that a vacation in Moscow has a wealth of activities to offer for every type of traveler, from young families to retirees.

Reasons to Vacation in Moscow in 2022

The Bolshoi theatre is familiar to almost everyone as Russia’s grandest theatre, but what people don’t know is that there are many more bolshoi (big) sites in Moscow that are worth travelling all the way to Moscow to see. For more than 100 years, the world’s biggest bell has been hidden behind the Kremlin’s walls and inside Moscow’s main park (which is bigger than some countries!) there is the world’s largest outdoor ice-rink. Travelers that visit Moscow can stay at the Izmailovo, Europe’s biggest hotel, then eat at the largest and most historic McDonald’s in Europe and after that have fun at the largest European indoor theme park!

Ancient Past & Stunning Architecture:

As those who travel to Moscow will see, just because Moscow is a city of record-breaking, glitzy high-rises doesn’t mean that there is no history. On the famous Arbat street, time-worn, wooden storehouses and century-old churches are squashed up against grey, soviet blocks which are then towered over by 21st century office-blocks. Unlike its much younger sibling, St Petersburg, Moscow’s roots stretch way back to the 12th century. Within the walls of the Kremlin, the city’s oldest building the Cathedral of Assumption can be admired in all its 500+ years of age.

Culture & Convenience

For a foreigner who has never visited Russia, Moscow is the perfect stepping stone into this great land of mystery. From the country’s best classical ballet troupes to snow-white troikas trotting through the parks, all the highlights of Russian culture can be had in Moscow without any of the complications that would be expected in other, less developed regions of Russia.

Cheap as Caviar

In Moscow, everything is bargain when with the current foreign exchange rates being what they are. Even caviar doesn’t seem so dear when the exchange rate is at 60rub to the dollar, so go on indulge yourself! Take your 2022 vacation in Moscow and have the best of both worlds, with European luxury at very affordable prices.

adventure travel agency income statement

Lena, our guide in Moscow was excellent. She was very knowledgable and could answer any question we had for her. We liked that she could pick up on our interests and take us places we might not have thought of to go. When we realized that one of the places we had chosen to see would probably not be that interesting to us, she was able to arrange entry to the Diamond Fund and the Armoury for us. Riding the Metro with Lena was a real adventure and a lot of fun. In Saint Petersburg we found Anna well versed in the history of the Tsars and in the Hermitage collection. Arkady in Veliky Novgorod was a very good guide and answered all of our questions with ease. Novgorod was perhaps a long way to go for a day trip, but we did enjoy it. Vasily was a great driver to have and kept us safe with good humour and skill. We enjoyed ourselves so much, my daughter says she is already planning to return. We would both have no hesistation to recommend ExpresstoRussia to anyone we know.

Just wanted to let you know that My grandson Bruno and I couldn´t have been more pleased with our week in Moscow (6/15 - 6/21). We were absolutely enchanted with the whole experience, including getting lost a couple of times in the Metro during our free time. Although both our guides (both Eleanas) were excellent, I would particularly commend the first one (she took us to the Tatiakov, the KGB tour, and to that beautiful cemetery where so many great Russian artists, authors, composers, musicians, militarists, and politicians are buried). Her knowledge is encyclopedic; and her understanding of today´s Russia as a product of its past was, for us, truly enlightening. I will be taking another tour in Russia, with my wife, within the next two or three years. I will be in touch with you when the time comes. Meanwhile, I will refer you to other potential visitors to Russia as I meet them.

We had a great time both in Moscow and St Petersburg. Your travel agency was excellent in coordinating the whole trip. Everything worked like clockwork. The guides assigned to us were very nice and friendly. They had a great knowledge of their subjects. The cars and the drivers were great. The hotels were good and the itinerary was good. All in all, it was a wonderful experience. It was nice dealing with you and your company. Thank you very much for a great Russian experience. Have a great future ahead

  • 31 reviews of Express to Russia Moscow Tours in Moscow

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adventure travel agency income statement

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International travelers are very attracted to russian travel opportunities but there are many concerns and hesitations due to the complicated visa issues, the language barrier, the confusing cultural differences, and methods and means of travel confusions., our small family business eliminates all of your concerns. we offer personal solutions to all of those problems as well as rare and extraordinary tours with a highly personal touch., we will make your russian travel enjoyable and unforgettable.

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Peter Schey, who championed the rights of immigrants over decades as a Los Angeles attorney and led the case that overturned Proposition 187, the controversial initiative to deny government services to undocumented immigrants, died of complications from lymphoma Tuesday at age 77.

Schey, the founder and executive director of the Center for Human Rights and Constitutional Law, led class-action cases on behalf of immigrants involving access to public education, medical care and the welfare of unaccompanied minors.

Born in South Africa to parents who fled Germany — his father was a Jewish anti-Nazi agitator — Schey moved to San Francisco as a teenager with his parents when they packed up during apartheid. He attended UC Berkeley and the California Western School of Law in San Diego.

After obtaining his law degree, Schey represented low-income immigrants at the Legal Aid Society of San Diego. In 1978, he founded the first national support center dedicated to protecting immigrant rights, now known as the National Immigrant Law Center.

He was lead counsel in Plyler vs. Doe , a landmark 1982 Supreme Court decision which found that states cannot deny undocumented children access to free public education.

“I feel moved when I encounter people who are suffering in some way that seems unnecessary, that seems to result only from the actions of some bureaucratic official or agency,” Schey later told The Times.

A decade later, in Flores vs. Reno, Schey fought for the establishment of minimum national standards for the treatment of detained immigrant children and limits to how long they can be held. The case remains under the supervision of U.S. District Judge Dolly Gee in the Central District of California.

Judge demands independent audit of conditions at detention centers for migrant children

A federal judge in Los Angeles will appoint an independent auditor to oversee the treatment of children in immigrant detention facilities.

July 27, 2018

The Trump administration tried to ax the Flores settlement agreement , which allows attorneys to periodically inspect detention facilities where children are held, but the move was blocked in federal court.

Schey’s group filed a scathing report in 2018 with testimony from more than 200 parents and children held in California, Texas and other states who described cramped cells, cold or frozen food and a lack of basic hygiene products.

Peter Schey speaks at City Hall

Schey also led the case against California’s 1994 law, Proposition 187 , that sought to deny medical care, social services and education to people suspected of lacking lawful immigration status. League of United Latin American Citizens vs. Wilson stopped the law from ever taking effect, and mediation several years later formally voided it.

Prop. 187 was seen as a turning point in California politics, mobilizing Latinos to register to vote and contributing to a significant increase in Democrats winning local and state elections. U.S. Sen. Alex Padilla is one of several California leaders who say their political awakening came from their activism against Prop. 187.

“From successfully helping fend off California’s Proposition 187 to staunchly advocating for the rights of immigrant children and families in government custody, Peter was a champion for immigrants,” Padilla said in a statement. “An immigrant himself from South Africa, Peter helped ensure equal access to public education for immigrant children and was a trailblazer for the constitutional rights of immigrants. His legacy will live on in communities across California and our country.”

Deja Vu for Rights Lawyer : Peter Schey Is Jumping Into the Fight Against Prop. 187--Much Like the Battle He Helped Win for Texas Students

When the U.S.

Nov. 10, 1994

In recent years, Schey became a controversial figure among immigrant advocates. As COVID-19 spread through detention facilities in 2020, he came under fire from fellow attorneys who disagreed with his position that detained parents could choose between remaining detained with their children or allowing their children to be released without them. The other attorneys, from RAICES Texas and Aldea — The People’s Justice Center, called the decision “sanctioned family separation.”

And The Times reported in 2019 that Casa Libre, a shelter he started for homeless migrant youth near MacArthur Park, failed to meet standards for state-licensed group homes and neglected the children in its care.

“With Casa Libre, he just got in over his head,” said Schey’s ex-wife and good friend Melinda Bird. “At the end we finally persuaded him to find another group to run it.”

Father Richard Estrada, who had worked with Schey since his days as a chaplain for Spanish speakers at a Los Angeles juvenile hall, said he disagreed with Schey’s approach to certain things, such as the shelter. Still, he said, Schey was an inspirational, brave man.

“We lost an icon of human rights,” Estrada said Wednesday.

Schey was diagnosed with cancer late last year, according to his friends and colleagues. Carlos Holguin, who had worked alongside him since 1977, said Schey went through chemotherapy and his health had improved until recent days.

Holguin said that while the public knows Schey for his legal wins, friends knew him for smaller acts of kindness, such as the times he fed and cleaned up a homeless man who hung around outside their office.

Schey was complicated too, Holguin said — singularly driven, a workaholic.

“I think I’m the only one who managed to work with him for anything more than two or three years,” he said, chuckling. “None of us is perfect. But I never questioned the goodness of his heart.”

While he’s known for his work on immigrant rights, Schey also took on legal projects on other issues. Last year, he went to Tanzania — his first time back to Africa since his family left — to advocate to the United Nations on behalf of Maasai herders displaced by big-game hunters. He caught COVID-19 upon his return in October. When the sickness didn’t go away, he finally saw a doctor.

Bird said she was with him in his final days as friends and former clients cycled in and out of the UCLA hospital room.

Also in the room was a 2-by-3-foot photo of their late daughter, Alexis, who died 10 years ago at age 28. Her death was the greatest tragedy of his life, Bird said.

Before finding out the cancer had returned, against everyone’s advice, Schey had started working again. He had also made time to have fun, attending a Sly and the Family Stone tribute band show with Bird a few weeks ago.

“When he first got sick in October, with all these tubes coming out of him, he said to me: ‘I have been so lucky,’” Bird recalled. “He kept that attitude for the whole six months.”

Schey is survived by a sister, Nicky Arden, and two children, Michael and Alyssa Schey.

More to Read

Immigrants and supporters gather at a march in 2006.

Column: California Latinos have become more skeptical of undocumented immigrants. What changed?

Feb. 9, 2024

Eagle Pass, Texas, Saturday, September 23, 2023 - People who crossed the U.S./Mexico border look for a passage way through razor wire on the Texas side of the Rio Grande. (Robert Gauthier/Los Angeles Times)

An old Scalia dissent is driving Texas’ immigration dispute with Biden

Feb. 1, 2024

Los Angeles, CA - July 13: Portrait of Sandra Munoz, a celebrated civil rights attorney in Los Angeles. She is holding a photo of her husband Luis on January 3, 2024, in Los Angeles, CA. They have been separated since 2015. Luis, who was undocumented, applied for a waiver of his illegal entry to seek citizenship after they got married. The final step was considered a formality -- he would go back to El Salvador for an interview at the U.S. consulate there and fly back to the U.S. once it was approved. Instead, it was denied. When their lawyers pressed the government for why, the State Department admitted that his tattoos -- of La Virgen de Guadalupe, a tribal design and theatrical masks -- were among the reasons they had found him to be an MS-13 gang member, an assertion he vehemently denies. Last year, the 9th Circuit sided with the couple, but the Biden administration appealed to the Supreme Court. The high court is expected to decide next month whether to take up the case, which would have ripple effects for any immigrant seeking to challenge the government's views of their character. (Francine Orr / Los Angeles Times)

Supreme Court to hear case of Los Angeles man denied visa over his tattoos

Jan. 12, 2024

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adventure travel agency income statement

Andrea Castillo covers immigration. Before joining the Los Angeles Times, she covered immigrant, ethnic and LGBTQ+ communities for the Fresno Bee. She got her start at the Oregonian in Portland. A native of Seattle, she’s been making her way down the West Coast since her graduation from Washington State University.

More From the Los Angeles Times

From left, Gov. Gavin Newsom; Sen. Mike McGuire; and Assembly Speaker Robert Rivas

Newsom and Democratic lawmakers detail first California budget cuts totaling $17 billion

April 4, 2024

FILE - Two migrants, part of a small group, are seeing through the mesh of the border fence as they camp outside a gate in El Paso, Texas, Friday, May 12, 2023. Migrant children in makeshift camps along the U.S.-Mexico border who are waiting to be processed by Border Patrol are in the agency's custody _ something the agency had denied _ and said the Department of Homeland Security must quickly process them and place them in facilities that are “safe and sanitary.”(AP Photo/Andres Leighton, File)

World & Nation

Border Patrol must care for migrant children who wait in camps for processing, a judge says

President Donald Trump with Homeland Security Secretary Kirstjen Nielsen, left, and Immigration and Customs Enforcement Deputy Director Thomas Homan, right, speaks during a roundtable talks on sanctuary cities with law enforcement officers in the Roosevelt Room of the White House, in Washington, Tuesday, March 20, 2018. (AP Photo/Manuel Balce Ceneta)

Trump set to appear at a fundraiser for a creator of his ‘family separation’ policy

Paris Hilton, meets with a supporter after speaking at a Stop Institutional Child Abuse event, Wednesday, May 11, 2022 in Washington. Hilton is in Washington advocating efforts to improve protections of youth in residential programs and facilities. (AP Photo/Pablo Martinez Monsivais)

Paris Hilton backs California bill to reform ‘troubled teen industry’

2018 Primetime Emmy & James Beard Award Winner

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A History of Moscow in 13 Dishes

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  1. Financial Statements And Valuation For Planning A Travel Agency Start

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  2. Solved On April 1, 2016, Jiro Nozomi created a new travel

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  3. [Solved] On April 1, Jiro Nozomi created a new travel agency, Adventure

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  4. Travel Agency Excel Financial Model Template

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COMMENTS

  1. Income Statement :: Travel + Leisure Co. (TNL)

    Income Statement. Includes $2 million and $3 million of stock-based compensation expense for the years ended December 31, 2023 and 2022 associated with the 2023 and 2022 restructuring plans. Includes $1 million of inventory impairments for the years ended December 31, 2023 and 2022, included in Cost of vacation ownership interests on the ...

  2. Solved Instructions The assets and liabilities of Adventure

    Net income is calculated by deducting all expenses from revenue. Instructions The assets and liabilities of Adventure Travel Agency on December 31, 2045, and its revenue and expenses for the year are as follows: Accounts payable $52.000 Miscellaneous expense $22,100 Accounts receivable 310,400 Rent expense 75,000 Cash 198,600 Supplies 6,000 ...

  3. Solved On April 1, Jiro Nozomi created a new travel agency,

    On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. April1Nozomi invested $48,000 cash and computer equipment worth $25,000 in the company.2The company rented furnished office space by paying $1,700 cash for the first month's (April) rent.3The company ...

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    A Profit and Loss (or P&L) statement is usually calculated quarterly to give businesses an overview of how they're performing financially. It is "a financial statement that summarises the revenues, costs and expenses incurred during a specific period of time".For tour and activity companies, it is especially important to know where your business stands at any given month, especially during the ...

  5. Financial statements Instructions Accounts, Labels and Amount

    Preparation of Income Statement of Adventure Travel Agency. Adventure Travel Agency: Income Statement: For Month Ended December 31, 20Y5: Particulars: ... Adventure Travel Agency: Statement of Owner's Equity: For Month Ended December 31, 20Y5: Irvin Dempski Capital, Jan 01, 20Y5: $1,410,400:

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    The assets and liabilities of Adventure Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows: Common stock was $250,000 and retained earnings was $1,160,400 as of January 1, 20Y5. During the year, additional common stock of $75,000 was issued for cash, and dividends of $50,000 were paid. Instructions. 1.

  8. Using the income statement for adventure travel

    Doc Preview. Using the income statement for Adventure Travel Service shown in PE 1-4A prepare a statement of owner's equity for ended in April 30, 2019. Jerome Foley, the owner, invested an additional $60,000 in the business during the year and withdrew $40,000 for personal use. Jerome Foley, capital as of May 1, 2018, was $1,020,000.

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  10. Answered: The assets and liabilities of Adventure…

    During the year, additional common stock of $75,000 was issued for cash, and dividends of $50,000 were paid. Prepare an income statement for the year ended December 31, 20Y5. Business. Accounting. ... The assets and liabilities of Adventure Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows: Accounts ...

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    Question: Financial statements Instructions Accounts, Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity Balance Sheet Final Question X Instructions The assets and liabilities of Adventure Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows:

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  13. Using the following data for Adventure Travel Service as wel

    Using the income statement for Adventure Travel Service, prepare a statement of owner's equity for the year ended April 30, 2019. Jerome Foley, the owner, invested an additional $60,000 in the business during the year and withdrew cash of$40,000 for personal use. Jerome Foley, capital as of May 1, 2018, was $1,020,000.

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  15. Solved Financial statements Instructions Accounts, Labels

    Financial statements Instructions Accounts, Labels and Amount Descriptions Income Statement Instructions The assets and liabilities of Adventure Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows Accounts payable Accounts receivable Cash Common stock Fees earned Land $52,000 310,400 198,600 325,000 1,400,000 1,350,000 Miscellaneous expense Rent expense ...

  16. Guide to Moscow for Traveling to Moscow in 2022

    The diversity of this mega-city is astounding. Only a few steps away from the solemn red facade of the Kremlin and the sounds of righteous church bells, a buzzing night scene and alternative-fashion boutiques can be found. Culture: In Moscow only the best goes. Be it a theatre, restaurant or gallery, the standards are certain to be world-class.

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    Study with Quizlet and memorize flashcards containing terms like what goes on an income statement, what goes on an equity statement, what goes on a balance sheet and more. ... Nordic travel agency Equity statement For the year ended 12-31-2016 Begining capital, Eisele 1-1-2016 $670000 +Net income $327500 - drawing $42000 Ending capital, Eisele ...

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  19. Peter Schey, Los Angeles champion of immigrant rights, dies

    Peter Schey, who championed the rights of immigrants over decades as a Los Angeles attorney and led the case that overturned Proposition 187, the controversial initiative to deny government ...

  20. Solved On April 1, Jiro Nozomi created a new travel agency,

    Question: On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's firstmonth.April 3 The company rented furnished office space by paying $2,600 cash for the first month's (April) rent.April 4 The company purchased $1,400 of office supplies for cash.April 10 The company paid $1,980 cash for

  21. 21 Things to Know Before You Go to Moscow

    1: Off-kilter genius at Delicatessen: Brain pâté with kefir butter and young radishes served mezze-style, and the caviar and tartare pizza. Head for Food City. You might think that calling Food City (Фуд Сити), an agriculture depot on the outskirts of Moscow, a "city" would be some kind of hyperbole. It is not.

  22. Solved The assets and liabilities of Adventure Travel Agency

    The assets and liabilities of Adventure Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows: Common stock was $250, 000 and retained eamings was $1, 160, 400 as of January 1, 20Y5, During the year, additional common stock of $75, 000 was issued for cash, and dividends of $50, 000 were paid. Required: 1.