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...
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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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