Ahlei final questions - Study guides, Class notes & Summaries

AHLEI Final

Challenge for noncommercial operations Ans- How to control costs and still increase profits, bury price of product in the bill, hard to track profits Challenge for F&B in lodging establishments Ans- Separate kitchens facilities, centralized commissary-style kitchen (quality control, mass production) Revenue center examples Ans- Restaurants, banquets, room service Support centers Ans- Purchasing, food production, stewards, laundry, housekeeping, legal, accounting Management system r...

AHLEI FINAL QUESTIONS AND ANSWERS 1. Why is it important that you, a hospitality student or professional, study ac- counting?: As a user of financial information, you need to know how the information is processed and how reports are prepared. 2. The fundamental purpose of accounting is to:: provide accurate, useful, and timely financial information. 3. The fundamental accounting equation is:: assets = liabilities + equity 4. In the double-entry system of accounting:: equal dollar amounts o...

Why is it important that you, a hospitality student or professional, study accounting? - Ans ️️ - As a user of financial information, you need to know how the information is processed and how reports are prepared. The fundamental purpose of accounting is to: - Ans ️️ -provide accurate, useful, and timely financial information. The fundamental accounting equation is: - Ans ️️ -assets = liabilities + equity In the double-entry system of accounting: - Ans ️️ -equal dollar amou...

AHLEI Final Exam Questions and Answers Rated A+ Why is it important that you, a hospitality student or professional, study accounting? As a user of financial information, you need to know how the information is processed and how reports are prepared. The fundamental purpose of accounting is to: provide accurate, useful, and timely financial information. The fundamental accounting equation is: assets = liabilities + equity In the double-entry system of accounting: equal dollar amounts of debit...

Why is it important that you, a hospitality student or professional, study accounting? As a user of financial information, you need to know how the information is processed and how reports are prepared. The fundamental purpose of accounting is to: provide accurate, useful, and timely financial information. The fundamental accounting equation is: assets = liabilities + equity In the double-entry system of accounting: equal dollar amounts of debits and credits must be entered for each busin...

Why is it important that you, a hospitality student or professional, study accounting? - As a user of financial information, you need to know how the information is processed and how reports are prepared. The fundamental purpose of accounting is to: - provide accurate, useful, and timely financial information. The fundamental accounting equation is: - assets = liabilities + equity In the double-entry system of accounting: - equal dollar amounts of debits and credits must be entered for ea...