©THEBRIGHTSTARS 2024
Business acumen certification exam
Questions With Revised Answers
Excessively high employee counts in the balance scorecard accounts could indicates: -
answer✔✔higher Guest Service and Lower GOP; because a lot of expenses decrial GOP
The operating results shown on monthly summary profit and loss statement: - answer✔✔changes
balance sheet and cash flow statement. Because changes current asset and cash.
An online discounted channel is called - answer✔✔opaque
Which formula is the formula for the balance sheet - answer✔✔Assets= Liabilities and Owners
Equity
Which shows hotels current debt to vendors - answer✔✔Balance Sheet / Accounts Payable
In most cases the least expensive channel reservations cost is - answer✔✔Direct call; no
discount or commission
If GOP is 30% what is total revenue - answer✔✔100% total revenue
Revenue/Income minus departmental expense and other direct costs equal - answer✔✔GOP;
Income Statement
For the purpose of cost, volume, profit break even analysis GOP is called -
answer✔✔Contribution Margin; becomes profit
Total room revenue divided by number of rooms sold equals: - answer✔✔ADR; not RevPAR
because RevPAR takes occupancy percentage into account
Where is this months profit registered on the balance sheet - answer✔✔retained earnings
For property management team including revenue manager the key measurement of business
results is - answer✔✔Gross Operating Profit
If monthly depreciation expenses increase than income tax on profit would tend to -
answer✔✔decrease; the depreciation is when the value goes down
Where is the hotels GOP or House Profit is listed - answer✔✔summary income statement (Profit
and loss)
, ©THEBRIGHTSTARS 2024
Which statement lists the amounts of accounts Receivable this month - answer✔✔cash flow;
collection of accounts receivable.
On which statement would you find payroll, wages and employee benefits for rooms division -
answer✔✔Departmental Income Statement
How is working capital calculated - answer✔✔Current Assets - current liabilities
In periods of high occupancy the decision to accept a large booking group should include -
answer✔✔displacement analysis: if group is taking up rooms other guests get displaced
Insurance and depreciation are examples of - answer✔✔Fixed Charges
Revenue management statistic that includes all revenue - answer✔✔TrevPAR
Payments to vendors are registered on which statement - answer✔✔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? - answer✔✔$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= - answer✔✔net profit
A reduction in annual property insurance - answer✔✔fixed costs
$3600 meat issue to kitchen from main storeroom - answer✔✔F&B cost of goods
Purchased a $6300 half page print advertisement - answer✔✔marketing & sales - advertising
A change in the depreciation calculation for furniture and fixtures - answer✔✔fixed costs
An increase in the interest rates for the hotel line of credit - answer✔✔administrative and general
Client purchase of decoration services for group event - answer✔✔food and beverage other
revenue
Annual elevator inspection - answer✔✔property operations and maintenance
Total Assets - answer✔✔liabilities + owners equity
Which balance sheet categories are affected when a bank loan payment has been made? -
answer✔✔Current assets/ long term liabilities
Money that is set aside in a special account to funs future capital expense is called -
answer✔✔replacement reserve
Business acumen certification exam
Questions With Revised Answers
Excessively high employee counts in the balance scorecard accounts could indicates: -
answer✔✔higher Guest Service and Lower GOP; because a lot of expenses decrial GOP
The operating results shown on monthly summary profit and loss statement: - answer✔✔changes
balance sheet and cash flow statement. Because changes current asset and cash.
An online discounted channel is called - answer✔✔opaque
Which formula is the formula for the balance sheet - answer✔✔Assets= Liabilities and Owners
Equity
Which shows hotels current debt to vendors - answer✔✔Balance Sheet / Accounts Payable
In most cases the least expensive channel reservations cost is - answer✔✔Direct call; no
discount or commission
If GOP is 30% what is total revenue - answer✔✔100% total revenue
Revenue/Income minus departmental expense and other direct costs equal - answer✔✔GOP;
Income Statement
For the purpose of cost, volume, profit break even analysis GOP is called -
answer✔✔Contribution Margin; becomes profit
Total room revenue divided by number of rooms sold equals: - answer✔✔ADR; not RevPAR
because RevPAR takes occupancy percentage into account
Where is this months profit registered on the balance sheet - answer✔✔retained earnings
For property management team including revenue manager the key measurement of business
results is - answer✔✔Gross Operating Profit
If monthly depreciation expenses increase than income tax on profit would tend to -
answer✔✔decrease; the depreciation is when the value goes down
Where is the hotels GOP or House Profit is listed - answer✔✔summary income statement (Profit
and loss)
, ©THEBRIGHTSTARS 2024
Which statement lists the amounts of accounts Receivable this month - answer✔✔cash flow;
collection of accounts receivable.
On which statement would you find payroll, wages and employee benefits for rooms division -
answer✔✔Departmental Income Statement
How is working capital calculated - answer✔✔Current Assets - current liabilities
In periods of high occupancy the decision to accept a large booking group should include -
answer✔✔displacement analysis: if group is taking up rooms other guests get displaced
Insurance and depreciation are examples of - answer✔✔Fixed Charges
Revenue management statistic that includes all revenue - answer✔✔TrevPAR
Payments to vendors are registered on which statement - answer✔✔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? - answer✔✔$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= - answer✔✔net profit
A reduction in annual property insurance - answer✔✔fixed costs
$3600 meat issue to kitchen from main storeroom - answer✔✔F&B cost of goods
Purchased a $6300 half page print advertisement - answer✔✔marketing & sales - advertising
A change in the depreciation calculation for furniture and fixtures - answer✔✔fixed costs
An increase in the interest rates for the hotel line of credit - answer✔✔administrative and general
Client purchase of decoration services for group event - answer✔✔food and beverage other
revenue
Annual elevator inspection - answer✔✔property operations and maintenance
Total Assets - answer✔✔liabilities + owners equity
Which balance sheet categories are affected when a bank loan payment has been made? -
answer✔✔Current assets/ long term liabilities
Money that is set aside in a special account to funs future capital expense is called -
answer✔✔replacement reserve
