business acumen certification exam 2023 questions and answers
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Course
CHBA - Certified in Hospitality Business Acumen
Institution
CHBA - Certified In Hospitality Business Acumen
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 statement:
...
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 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 formula 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; becomes 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 including 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 benefits 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 is taking up rooms other guests get displaced
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