business acumen certification exam 2023 questions and answers

business acumen certification exam 2023 questions and answers Excessively high employee counts in the balance scorecard accounts could indicates: higher Guest Service and Lower GOP; because a lot of expenses decrial GOP The operating results shown on monthly summary profit and loss statement: changes balance sheet and cash flow statement. Because changes current asset and cash. An online discounted channel is called opaque Which formula is the formula for the balance sheet Assets= Liabilities and Owners Equity Which shows hotels current debt to vendors Balance Sheet / Accounts Payable In most cases the least expensive channel reservations cost is Direct call; no discount or commission If GOP is 30% what is total revenue 100% total revenue Revenue/Income minus departmental expense and other direct costs equal GOP; Income Statement For the purpose of cost, volume, profit break even analysis GOP is called Contribution Margin; becomes profit Total room revenue divided by number of rooms sold equals: ADR; not RevPAR because RevPAR takes occupancy percentage into account Where is this months profit registered on the balance sheet retained earnings For property management team including revenue manager the key measurement of business results is Gross Operating Profit If monthly depreciation expenses increase than income tax on profit would tend to decrease; the depreciation is when the value goes down Where is the hotels GOP or House Profit is listed summary income statement (Profit and loss) Which statement lists the amounts of accounts Receivable this month cash flow; collection of accounts receivable. On which statement would you find payroll, wages and employee benefits for rooms division Departmental Income Statement How is working capital calculated Current Assets - current liabilities In periods of high occupancy the decision to accept a large booking group should include displacement analysis: if group is taking up rooms other guests get displaced