Room Sales $1,850,000
Food Sales 525,000
WRITE THIS ESSAY FOR ME
Tell us about your assignment and we will find the best writer for your paper.
Get Help Now!Food Cost 300,000
Statistical Data:
115 rooms available daily for sale
Paid rooms occupied annually: 33,580
Covers: 34,425
The Occupancy percentage is:
Answer
A. 75%
B. 70%
C. 65%
D. 80%
Room Sales $1,850,000
Food Sales 525,000
Food Cost 300,000
Statistical Data:
115 rooms available daily for sale
Paid rooms occupied annually: 33,580
Covers: 34,425
Food Contribution Margin as a percentage is:
Answer
A. 57.1%
B. 28.3%
C. 44.5%
D. 42.9%
Room Sales $1,850,000
Food Sales 525,000
Food Cost 300,000
Statistical Data:
115 rooms available daily for sale
Paid rooms occupied annually: 33,580
Covers: 34,425
The Average Food Check is:
Answer
A. $15.00
B. $15.25
C. $15.70
D. $16.00
The two elements of revenue are:
Answer
A. Semi-variable and fixed costs
B. Fixed and variable
C. Price and cost
D. Volume and price
Which of the following is found on the Balance Sheet?
Answer
A. Revenue
B. Retained Earnings
C. Administrative expenses
D. Operating expenses
What is the definition of Sales Mix?
Answer
A. Food and beverage and other items sold
B. Sales from all departments
C. The proportion of each revenue center’s sales to total sales
D. Sales shared by two or more departments
What are some reasons why the management of cash flow is important?
Answer
To make sure there will be enough cash to buy inventory
To pay the payroll
To pay dividends
All of the above
If two companies have the same sales and the same net incomes, why would one company have a greater profit if sales increase at the same rate for both companies?
Answer
The company with the lower fixed cost in relation to variable will have a greater gross profit
This happens only because of financial statement fraud
The company with the greater fixed cost in relation to variable will have a greater gross profit
There will be no difference
Which of the following are functions that a CPA must perform during an Audit?
Answer
A. Confirm the receivables with the company’s customers
B. Review the minutes of the Corporate meetings
C. Verify the existance of marketable securities and their market value
D. All of the above
Introducing our Online Essay Writing Services Agency, where you can confidently place orders for a wide range of academic assignments. Our reputable homework writing company specializes in crafting essays, term papers, research papers, capstone projects, movie reviews, presentations, annotated bibliographies, reaction papers, research proposals, discussions, and various other assignments. Rest assured, our content is guaranteed to be 100% original, as every piece is meticulously written from scratch. Say goodbye to concerns about plagiarism and trust us to deliver authentic and high-quality work.
WRITE MY ESSAY NOW
