business acumen certification exam 2023 questions and answers
Excessively high employee counts in the balance scorecard accounts could indicates: - higher Guest Service and Lower GOP; because a lot of expenses decrial GOP
The operating results shown on monthly summary profit and loss state...
business acumen certification exam 2023 questions and answers Excessively high employee counts in the balance scorecard accounts could indicates: - higher Guest Service and Lower GOP; because a lot of expen ses decrial GOP The operating results shown on monthly summary profit and loss statement: - changes balance sheet and cash flow statement. Because changes current asset and cash. An online discounted channel is called - opaque Which formula is the formul a for the balance sheet - Assets= Liabilities and Owners Equity Which shows hotels current debt to vendors - Balance Sheet / Accounts Payable In most cases the least expensive channel reservations cost is - Direct call; no discount or commission If GOP is 30% what is total revenue - 100% total revenue Revenue/Income minus departmental expense and other direct costs equal - GOP; Income Statement For the purpose of cost, volume, profit break even analysis GOP is called - Contribution Margin; beco mes profit Total room revenue divided by number of rooms sold equals: - ADR; not RevPAR because RevPAR takes occupancy percentage into account Where is this months profit registered on the balance sheet - retained earnings For property management team in cluding revenue manager the key measurement of business results is - Gross Operating Profit If monthly depreciation expenses increase than income tax on profit would tend to - decrease; the depreciation is when the value goes down Where is the hotels GOP or House Profit is listed - summary income statement (Profit and loss) Which statement lists the amounts of accounts Receivable this month - cash flow; collection of accounts receivable. On which statement would you find payroll, wages and employee bene fits for rooms division - Departmental Income Statement How is working capital calculated - Current Assets - current liabilities In periods of high occupancy the decision to accept a large booking group should include - displacement analysis: if group i s taking up rooms other guests get displaced Insurance and depreciation are examples of - Fixed Charges Revenue management statistic that includes all revenue - TrevPAR Payments to vendors are registered on which statement - Cash flow statement A capita l investment cost $ 1 million. Ownership requests as annual 10% ROI. If net profit is 20% how much of an increase in annual revenue would be required to provide the additional profit needed for 10% ROI? - $500,000; 10% of 1 million=10,000=20% of 500,000
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