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HOSPITALITY ACCOUNTING
Question 1: Current operating results ("Actual") can be compared to various sources to give meaning to the results or to compare them to some benchmark. Name TWO of the types of information that current operating results can be compared to.
Question 2: What is the only condition where the dollar value of Average Room Rate and RevPAR are the same dollar figure? which is the correct formula for calculating profit and loss?
Question 3: Name two expense/cost/support centers that may exist at a hotel
Question 4: What information is needed to calculate rooms cleaned per shift?
Prepare a retained earnings statement for the fiscal year ended July 31, 2008.
Prepare Bachino's Pizza's income statement, statement of owner's equity, and balance sheet. Why would Bachino's Pizza's owner set his business up as a sole proprietorship and not a partnership?
Regling Company provides its employees vacation benefits and a defined benefit pension plan. Employees earned vacation pay of $35,000 for the period. The pension formula calculated a pension cost of $201,250. Only $175,000 was contributed to the pens..
Explain the role whistleblowers played in the fraud example you selected previously, or how a whistleblower would have enhanced the detection
general and administrative salaries are 144,00 per year. Maintenance expenses equals 2,000 per month and is paid in cash.
a) Prepare the adjusting entries for the month of May. Use J4 as the page number for your journal. b) Enter the totals from the trial balance as beginning account balances and place a check mark in the posting reference column. Post the adjusting e..
What is Blue’s charitable contributions deduction for the current year? What is Blue’s charitable contribution carryback or carryover (if any)? In what years can it be used?
Prepare the journal entries to record the transactions. Jan 1 Issued for cash 62,500 preference shares at par, and 125,000 ordinary shares for P25
On December 1, 2012, Cardinal Company, a garden retailer, purchased $20,000 of corn seed, terms 2/10, n/30, from Iowa Farm Company. Even though the discount period had expired, Sandi Kurtz subtracted the discount of $400 when she processed the docume..
Tax Return Problem Brian and Corinne Lee are married taxpayers, filing jointly. They live in the home they own located at 3301 Pacific Coast Hwy, Laguna Beach, CA 92701. Brian is an optometrist who owns his own business and Corinne is a social worker..
Make journal entries relating to the financial assets and financial liabilities for Russel Terrier Ltd for the year ended 31 December 2019.
Explain your analysis and understanding of social accounting as an element of corporate social responsibility and describe at least 5 reporting mechanisms in social accounting that may be similar to those in financial reporting.
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