Exam (elaborations)
BUSINESS ACUMEN CERTIFICATION EXAM
- Course
- Institution
BUSINESS ACUMEN CERTIFICATION EXAM
[Show more]
Content preview
BUSINESS ACUMEN CERTIFICATION EXAMExcessively high employee counts in the balance scorecard accounts could indicates: -
Answers -higher Guest Service and Lower GOP; because a lot of expenses decrial
GOP
The operating results shown on monthly summary profit and loss statement: - Answers -
changes balance sheet and cash flow statement. Because changes current asset and
cash.
An online discounted channel is called - Answers -opaque
A balanced scorecard normally has how many sections - Answers -4
Its true to say that TRevPar - Answers -includes room revenue
Excessively high staffing levels will elevate guest service ratings on the score card and
will decrease the score card rating of: - Answers -GOP
Profit decreases as revenue exceeds the break even point - Answers -False
Net ADR is always larger than ADR - Answers -False
A REVPar calculation takes into account all rooms available for sale plus rooms out of
order for cleaning and refurbishment: - Answers -True
An ADR index can be compared with - Answers -a hotels ADR goals, Competitors ADR,
Industry ADR averages
The metric guest per occupied room impacts food and beverage revenue - Answers -
True
Trend graphs show index results over time - Answers -True
If food and beverage revenue per seat was dropping what would you check? - Answers
-Guest comments, Market demand, meal period cover, check average, food to
beverage sales ratio
If restaurant dinner sales were increasing which of these metrics would be affected? -
Answers -TrevPAR, Check average, Cover counts, F&B Revenue
In terms of net profit a low occupancy index can be offset by a high REVPar index -
Answers -True
As fixed costs drop, GOP rises - Answers -False
A reasonable rooms departmental profit is between 70-80% - Answers -True
, When current liabilities exceed current assets the current ratio is positive - Answers -
False
When current assets exceed current liabilities there is positive working capital - Answers
-True
Which formula is the formula for the balance sheet - Answers -Assets= Liabilities and
Owners Equity
Which shows hotels current debt to vendors - Answers -Balance Sheet / Accounts
Payable
In most cases the least expensive channel reservations cost is - Answers -Direct call;
no discount or commission
If GOP is 30% what is total revenue - Answers -100% total revenue
Revenue/Income minus departmental expense and other direct costs equal - Answers -
GOP; Income Statement
For the purpose of cost, volume, profit break even analysis GOP is called - Answers -
Contribution Margin; becomes profit
Total room revenue divided by number of rooms sold equals: - Answers -ADR; not
RevPAR because RevPAR takes occupancy percentage into account
Where is this months profit registered on the balance sheet - Answers -retained
earnings
For property management team including revenue manager the key measurement of
business results is - Answers -Gross Operating Profit
If monthly depreciation expenses increase than income tax on profit would tend to -
Answers -decrease; the depreciation is when the value goes down
Where is the hotels GOP or House Profit is listed - Answers -summary income
statement (Profit and loss)
Which statement lists the amounts of accounts Receivable this month - Answers -cash
flow; collection of accounts receivable.
On which statement would you find payroll, wages and employee benefits for rooms
division - Answers -Departmental Income Statement
How is working capital calculated - Answers -Current Assets - current liabilities
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GEEKA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78310 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now