business acumen certification exam 2023 Revision
Questions and Answers
Excessively high employee counts in the balance scorecard accounts could indicates: -
> ANSW >higher Guest Service and Lower GOP; because a lot of expenses decrial
GOP
The operating results shown on monthly summary profit and loss statement: - > ANSW
>changes balance sheet and cash flow statement. Because changes current asset and
cash.
An online discounted channel is called - > ANSW >opaque
Which formula is the formula for the balance sheet - > ANSW >Assets= Liabilities and
Owners Equity
Which shows hotels current debt to vendors - > ANSW >Balance Sheet / Accounts
Payable
In most cases the least expensive channel reservations cost is - > ANSW >Direct call;
no discount or commission
If GOP is 30% what is total revenue - > ANSW >100% total revenue
Revenue/Income minus departmental expense and other direct costs equal - > ANSW
>GOP; Income Statement
For the purpose of cost, volume, profit break even analysis GOP is called - > ANSW
>Contribution Margin; becomes profit
Total room revenue divided by number of rooms sold equals: - > ANSW >ADR; not
RevPAR because RevPAR takes occupancy percentage into account
Where is this months profit registered on the balance sheet - > ANSW >retained
earnings
For property management team including revenue manager the key measurement of
business results is - > ANSW >Gross Operating Profit
If monthly depreciation expenses increase than income tax on profit would tend to - >
ANSW >decrease; the depreciation is when the value goes down
, Where is the hotels GOP or House Profit is listed - > ANSW >summary income
statement (Profit and loss)
Which statement lists the amounts of accounts Receivable this month - > ANSW >cash
flow; collection of accounts receivable.
On which statement would you find payroll, wages and employee benefits for rooms
division - > ANSW >Departmental Income Statement
How is working capital calculated - > ANSW >Current Assets - current liabilities
In periods of high occupancy the decision to accept a large booking group should
include - > ANSW >displacement analysis: if group is taking up rooms other guests get
displaced
Insurance and depreciation are examples of - > ANSW >Fixed Charges
Revenue management statistic that includes all revenue - > ANSW >TrevPAR
Payments to vendors are registered on which statement - > ANSW >Cash flow
statement
A capital 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? - > ANSW >$500,000; 10% of 1
million=10,000=20% of 500,000
Total revenue- departmental profit- undistributed expenses-management fees- fixed
charges- replacement reserve + other income= - > ANSW >net profit
A reduction in annual property insurance - > ANSW >fixed costs
$3600 meat issue to kitchen from main storeroom - > ANSW >F&B cost of goods
Purchased a $6300 half page print advertisement - > ANSW >marketing & sales -
advertising
A change in the depreciation calculation for furniture and fixtures - > ANSW >fixed costs
An increase in the interest rates for the hotel line of credit - > ANSW >administrative
and general
Client purchase of decoration services for group event - > ANSW >food and beverage
other revenue
Annual elevator inspection - > ANSW >property operations and maintenance
Questions and Answers
Excessively high employee counts in the balance scorecard accounts could indicates: -
> ANSW >higher Guest Service and Lower GOP; because a lot of expenses decrial
GOP
The operating results shown on monthly summary profit and loss statement: - > ANSW
>changes balance sheet and cash flow statement. Because changes current asset and
cash.
An online discounted channel is called - > ANSW >opaque
Which formula is the formula for the balance sheet - > ANSW >Assets= Liabilities and
Owners Equity
Which shows hotels current debt to vendors - > ANSW >Balance Sheet / Accounts
Payable
In most cases the least expensive channel reservations cost is - > ANSW >Direct call;
no discount or commission
If GOP is 30% what is total revenue - > ANSW >100% total revenue
Revenue/Income minus departmental expense and other direct costs equal - > ANSW
>GOP; Income Statement
For the purpose of cost, volume, profit break even analysis GOP is called - > ANSW
>Contribution Margin; becomes profit
Total room revenue divided by number of rooms sold equals: - > ANSW >ADR; not
RevPAR because RevPAR takes occupancy percentage into account
Where is this months profit registered on the balance sheet - > ANSW >retained
earnings
For property management team including revenue manager the key measurement of
business results is - > ANSW >Gross Operating Profit
If monthly depreciation expenses increase than income tax on profit would tend to - >
ANSW >decrease; the depreciation is when the value goes down
, Where is the hotels GOP or House Profit is listed - > ANSW >summary income
statement (Profit and loss)
Which statement lists the amounts of accounts Receivable this month - > ANSW >cash
flow; collection of accounts receivable.
On which statement would you find payroll, wages and employee benefits for rooms
division - > ANSW >Departmental Income Statement
How is working capital calculated - > ANSW >Current Assets - current liabilities
In periods of high occupancy the decision to accept a large booking group should
include - > ANSW >displacement analysis: if group is taking up rooms other guests get
displaced
Insurance and depreciation are examples of - > ANSW >Fixed Charges
Revenue management statistic that includes all revenue - > ANSW >TrevPAR
Payments to vendors are registered on which statement - > ANSW >Cash flow
statement
A capital 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? - > ANSW >$500,000; 10% of 1
million=10,000=20% of 500,000
Total revenue- departmental profit- undistributed expenses-management fees- fixed
charges- replacement reserve + other income= - > ANSW >net profit
A reduction in annual property insurance - > ANSW >fixed costs
$3600 meat issue to kitchen from main storeroom - > ANSW >F&B cost of goods
Purchased a $6300 half page print advertisement - > ANSW >marketing & sales -
advertising
A change in the depreciation calculation for furniture and fixtures - > ANSW >fixed costs
An increase in the interest rates for the hotel line of credit - > ANSW >administrative
and general
Client purchase of decoration services for group event - > ANSW >food and beverage
other revenue
Annual elevator inspection - > ANSW >property operations and maintenance
