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Exam (elaborations)
HRTM 421 Quiz 1 & 4 (Correctly Answered)
True correct answers Working capital is the difference between current assets and current liabilities. True False True correct answers When managing working capital, any surplus cash not required to operate your business should be used to fund projects that will generate additional cash flow. True False True correct answers Offering a discount on cash sales saves the business money, because the company does not have to pay credit card transaction fees. True False True ...
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Exam (elaborations)
HRTM 421 ch. 9 (With complete solution)
PopularTrue correct answers The first step in gaining approval for funding of a capital project is preparation of a professional investment package. True correct answers The full business plan should be included in the investment package which describes in detail what the project is all about and how it is going to be successful. False correct answers Including photographs or rendering of the project in the investment package is not necessary and can sometimes diminish the chances of receiving fu...
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HRTM 421 Finance Exams (A+ GRADED)
HRTM 421 Chapter Quizzes (100% Solved!) HRTM 421 Final (Chapter 9: Hospitality Industry Applications of Time Value of Money, Concepts and Skills) With 100% accurate answers HRTM 421 Hospitality Financial Management (100% verified answers) HRTM 421 Final Ayres (With complete solution)
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Exam (elaborations)
HRTM 421 ch. 6 Quiz (100% correct)
Capital correct answers Money or equivalent of money that is loan or invested in a business Types of capital correct answers Debt; equity Debt correct answers Fixed obligation or liability of the business that must be paid back with interest over specified time Equity correct answers Ownership in the business that does not require immediate repayment but requires a return on capital invested Cost of debt correct answers Interest borrower pays lender Cost of equity correct answers ...
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Exam (elaborations)
HRTM 421 Ch 3 (Solved)
Readers of Financial Analysis correct answers -Owners -Lenders -Managers -Government -Suppliers -Investment Analysts -Mergers and Aquisitions Owners correct answers Track and evaluate management's performance Lenders correct answers Determine the risk of the business defaulting on its loan Managers correct answers Compare actual and budgeted results Government correct answers Ensure that taxes have been paid Suppliers correct answers Evaluate the company's ability to pay i...
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Exam (elaborations)
Hrtm 421 Ch. 5 Study (A+ Guaranteed)
Need for growth: private companies correct answers Expect profit, cash flow, and ROI to increase Need for growth: stockholders correct answers Expect price of their stock to increase Shareholder Value correct answers current market price of common stock MULTIPLIED by number of shares outstanding Shareholder Value: private company correct answers sales price of the company on the open market Market Value correct answers number of shares of common stock MULTIPLIED by current market pri...
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Exam (elaborations)
HRTM 421 ch. 9 (With complete solution)
True correct answers The first step in gaining approval for funding of a capital project is preparation of a professional investment package. True correct answers The full business plan should be included in the investment package which describes in detail what the project is all about and how it is going to be successful. False correct answers Including photographs or rendering of the project in the investment package is not necessary and can sometimes diminish the chances of receiving fu...
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Exam (elaborations)
HRTM 421 CHAPTER 2 with correct solutions
Financial Accounting correct answers Focuses on financial statements; must present financial condition of the company & operating results Managerial Accounting correct answers Focuses on revenues & expenses and maximizing operating performance; provides timely operating results Develop Standarads correct answers Financial Accounting Standards Board (FASB) Securities and Exchange Committee (SEC) GAAP correct answers Generally Accepted Accounting Principles; they govern all accounting an...
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Exam (elaborations)
HRTM 421 Quiz 1 & 4 (Correctly Answered)
True correct answers Working capital is the difference between current assets and current liabilities. True False True correct answers When managing working capital, any surplus cash not required to operate your business should be used to fund projects that will generate additional cash flow. True False True correct answers Offering a discount on cash sales saves the business money, because the company does not have to pay credit card transaction fees. True False True ...
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Exam (elaborations)
hrtm 421 quiz questions chp 9/10/11 (100% correct)
t or f: a personal guarantee is a smart way for a borrower to reduce the interest rate on a loan correct answers false t or f: an amortization rate is the rate that a fixed asset is depreciated over its useful life correct answers false t or f: the interest rate is the percentage of the loan balance the lender charges the borrower for the use of the money correct answers true t or f: during sensitivity analysis, any changes to the assumptions will change the project's PV, NPV, and IRR ...
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Exam (elaborations)
HRTM 421 Hospitality Financial Management: Chapter 5 (With complete answers)
What success looks like for a private company correct answers owners expect profits, cash flow, and ROI to increase what success looks like for a public company correct answers stockholders expect the price of their stock to rise Growing company's earnings increase by how much each year? correct answers 15% shareholder value = correct answers market value Market Value for a public company correct answers current market price of common stock X number of shares outstanding Market V...
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Exam (elaborations)
HRTM 421 Final Ayres (With complete solution)
Principal correct answers The amount of money borrowed debt service correct answers fixed payments to the bank interest rate correct answers percentage of the loan balance amortization rate correct answers number of years the debt service payment is based on amount of principal a bank will lend is based on: correct answers -cash flow projections -present value of the business -loan to value ratio -loan to cost ratio -debt service coverage ratio carried interest correct answers...
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Exam (elaborations)
HRTM 421 Hospitality Financial Management (100% verified answers)
Loan Components correct answers - Principal * Amount of money being borrowed - Debt Service * Fixed payments to the bank - Interest Rate * Percentage of loan balance - Amortization Rate * Number of years debt service payment is based on Principal Amount correct answers - The amount of principal the bank will lend is based on: * Cash flow projections * Present Value of the business * Loan-to-value ratio (LTV) * Loan-to-cost ratio (LTC) * Debt service coverage ratio (DSCR) -...
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Exam (elaborations)
HRTM 421 Exam I (With correct solutions)
T/F: The cost principle states that only transactions that can be expressed in terms of money can be shown on a company's financial statements correct answers False The income statement is often referred to as a: correct answers Profit and loss statement On the balance sheet, equity is correct answers the amount of capital invested in the business plus retained earnings T/F: The statement of cash flow presents cash flow from operations, cash flow from investing activities, and cash flo...
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Exam (elaborations)
HRTM 421 Chapter 3 and Chapter 4 Quizzes (Solved)
A lender reads financial statements to evaluate the company's recent performance versus its market segment and competitors, determine important trends, and project future earning for the company. correct answers False Vertical analysis is most often used to analyze and control variable expenses that appear on a hospitality company's income statement. correct answers True Liquidity ratios are used to gauge the effectiveness of how assets have been managed. correct answers False Food in...
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Exam (elaborations)
HRTM 421 Exam 1 (Already Passed!)
financial Accounting correct answers produce financial statements that accurately present the financial condition of the company and its operating results over time Managerial Accounting correct answers provide more timely operating results related to revenues and expenses to help management maximize the operating performance of the business (FASB) correct answers Financial accounting standards board SEC correct answers Securities and exchange commission GAAP correct answers generall...
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Exam (elaborations)
Hrtm 421 Final Exam (A+ Guaranteed)
loan amortization schedule correct answers - provides info on the year, payment, principal, interest, and balance of a loan - debt service payments remain fixed income approach to value correct answers - estimates future cash flows including an assumed sale at the end of the period - discounts cash flows using WACC - PV is the appraiser's estimate of the current market value lease vs purchase decision correct answers determine if the PV of lease payments is less than the purchase...
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Exam (elaborations)
HRTM 421 Exam 1 (With complete solution)
cost principle correct answers states that all transactions including the purchase or sale of an asset must be recorded at its cost rather than its market value assets, liabilities, and equity correct answers The balance sheet consists of three categories of accounts: liquidity correct answers assets are listed in the order of their __________, or how easily and quickly they can be converted into cash rooms revenue forecast correct answers a report that projects the number of rooms to b...
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Exam (elaborations)
HRTM 421 Final (Chapter 9: Hospitality Industry Applications of Time Value of Money, Concepts and Skills) With 100% accurate answers
Loan Components correct answers -principle -debt service -interest rate -amortization rate Principal correct answers The amount of money borrowed Debt Service correct answers fixed payments to the bank Interest Rate correct answers The percentage of a loan amount you pay in order to borrow the money -this is the interest percent they put on the amount you borrow from the bank b/c they aren't just going to give it to you for free Amortization Rate correct answers the number of ...
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Exam (elaborations)
HRTM 421: Exam 2 (Already Graded A+)
Primary goal of management is to increase ___________. correct answers Shareholder Value If you're not growing you're ______. correct answers Dying What is essential to a company's success? correct answers Growth Shareholder Value = correct answers Market Value Public Company is easy to _________, hard to ______. correct answers Measure; mangage Private Company is only worth: correct answers What you can sell it for The bigger you get the harder it is to grow ____. correct a...
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Exam (elaborations)
HRTM 421 - Exam 1 (Guaranteed Pass!)
Financial Accounting correct answers Focuses on financial statements (CFO/ Controller) Financial Accounting must present: correct answers - financial condition of the company - operating results Managerial Accounting correct answers Provides timely operating results Managerial Accounting focuses on: correct answers - Revenues and expenses - Maximizing operating performance - Looks at reports to make decisions FASB correct answers Financial Accounting Standards Board - Set up S...
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Exam (elaborations)
HRTM 421 (With errorless answers)
Hospitality Financial Challenges correct answers A multifaceted industry; low profitability; fluctuating sales volume (not like a supermarket); labor intensive; capital intensive; reliance on discretionary incomes Accounting is the correct answers Language of business Two parts of accounting correct answers Managerial and Financial Financial accounting correct answers The goal of financial accounting is to produce financial statements that accurately present the financial condition of t...
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