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Question 1: In the process of benchmarking for a variable expense (such as payroll) the typical metrics used are "Total Dollars" and "Dollars per Available Room."
Group of answer choices
True
False
Question 2: Dr. Ricci owns a hotel with 200 guestrooms. On Monday evening, Dr. Ricci's property had 150 out of its 200 rooms occupied. The General Manager (GM) calls Dr. Ricci on Tuesday morning and reports to him that the hotel's occupancy for Monday night was?
25%
50%
75%
It is not possible to calculate this result from the data provided
Question 3: The 100-room Fantastic Florida motor lodge accepts only cash for its guests. On Saturday evening the hotel had 90 of its rooms occupied and total cash receipts for the evening totaled $9,000.00. What was the motor lodge's average daily rate (ADR) for that particular evening?
$90.52
$148.17
$100.00
$100.33
Question 4: It is possible for a hospitality operation to be operating at a profit during any given month but to simultaneously have insufficient cash flow during that same month.
Which of these items related to bonds would be added back in the Operating section of the SCF under the indirect method? Amortization of bond premium
Describe the alternatives that you as an accountant would have in this situation. Jay Farrar Company is a manufacturing company
This is often referred to as big GAAP vs. little GAAP. What is your interpretation of the controversy?
Determine the consolidated balance for each of the following accounts as of December 31, 2011:Goodwill ..... Buildings (net)Equipment (net) . Dividends PaidCommonStock
You are attempting to value a call option with an exercise price of $102 and 1 year to expiration. The underlying stock pays no dividends, its current price is $102, and you believe it has a 50% chance of increasing to $121 and a 50% chance of decrea..
Provide a systems flow chart for XYZ's telesales order entry process (Note: you can use a single data disk to designate the enterprise database;).
Prepare journal entries to record purchase and the first interest payment. On October 1, 2021 after the second interest payment, $500,000 bond
The income statement information for 2010 and 2011 of the Connor Company (a sole proprietorship) is as follows:
A loan company will loan up to 60% of the equity in a home. A family purchased their home 8 years ago for $83,000. The home was financed by paying 20% down and signing a 30-year mortgage at 8.4% for the balance. The market value of the house is now $..
Prepare journal entries for each type of manufacturing cost and Tomlin Company incurs the following manufacturing costs
Determine the true cash balance by preparing a bank reconciliation as of May 31, 2014, using the preceding information.
allie and monte each own 50 of raider corporation an s corporation. both individuals dynamically participate in raiders
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