business acumen certification exam questions and answers | 100% pass

business acumen certification exam questions and answers | 100% pas Excessively high employee counts in the balance scorecard accounts could indicates: - Answer️️ -higher Guest Service and Lower GOP; because a lot of expenses decrial GOP The operating results shown on monthly summary profit and loss statement: - Answer️️ -changes balance sheet and cash flow statement. Because changes current asset and cash. An online discounted channel is called - Answer️️ -opaque Which formula is the formula for the balance sheet - Answer️️ -Assets= Liabilities and Owners Equity Which shows hotels current debt to vendors - Answer️️ -Balance Sheet / Accounts Payable In most cases the least expensive channel reservations cost is - Answer️️ -Direct call; no discount or commission If GOP is 30% what is total revenue - Answer️️ -100% total revenue Revenue/Income minus departmental expense and other direct costs equal - Answer️️ -GOP; Income Statement For the purpose of cost, volume, profit break even analysis GOP is called - Answer️️ - Contribution Margin; becomes profit Total room revenue divided by number of rooms sold equals: - Answer️️ -ADR; not RevPAR because RevPAR takes occupancy percentage into account Where is this months profit registered on the balance sheet - Answer️️ -retained earnings For property management team including revenue manager the key measurement of business results is - Answer️️ -Gross Operating Profit If monthly depreciation expenses increase than income tax on profit would tend to - Answer️️ -decrease; the depreciation is when the value goes down Where is the hotels GOP or House Profit is listed - Answer️️ -summary income statement (Profit and loss) Which statement lists the amounts of accounts Receivable this month - Answer️️ - cash flow; collection of accounts receivable. On which statement would you find payroll, wages and employee benefits for rooms division - Answer️️ -Departmental Income Statement How is working capital calculated - Answer️️ -Current Assets - current liabilities In periods of high occupancy the decision to accept a large booking group should include - Answer️️ -displacement analysis: if group is taking up rooms other guests get displaced Insurance and depreciation are examples of - Answer️️ -Fixed Charges Revenue management statistic that includes all revenue - Answer️️ -TrevPAR Payments to vendors are registered on which statement - Answer️️ -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? - Answer️️ -$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= - Answer️️ -net profit A reduction in annual property insurance - Answer️️ -fixed costs $3600 meat issue to kitchen from main storeroom - Answer️️ -F&B cost of go