Unit 24

What information would you use to extrapolate the key performance of a profit and loss account?

• Gross Profit Margin

• Net Profit

• Net Profit Margin

• Accounts Receivable

The business is in profit, when:

• Assets Exceed Expenditure

• Income Exceeds Liabilities

• Income Exceeds Expenditure

• Income Exceeds Liabilities

How Profit and loss figures are gathered?

• All departments use a central system

• Each department uses an independent system

• Figures collected in-person by finance

• Figures collected through email by finance

Can you explain what would happen to the hotel success, if their guest accounts are not kept up-to-date?

• It will be easy for the hotel to prepare management accounts accurately

• It will be impossible to find important information and documents quickly

• The hotel will be experiencing difficulty to forecast its rooms' rate

• The hotel will be able to plan in advance for tax payments

Outline the best way to keep hotel guests accounts secured and protected?

• By investing in a safe and well-recognized Property Management System

• Use a paper based register for record all guest accounts

• Preventing unauthorized staff to access the guest accounts

• Storing all guest information on the hotel room status account

Which is the correct way to identify the cost of sales of guest services?

• SWOT analysis

• PEST analysis

• KPI

• Benchmarking

Which one of the following definitions describes the term "guest folios"?

• A guest bill.

• A guest report

• A guest resume

• A guest history

PEST analysis is:

• A broad framework to help managers understand the environment in which their business operates.

• A checklist to ask how political, economic, strategic or technological developments can influence an industry and a company.

• A checklist for forecasting political, economic, strategic or technological factors.

• A framework for strategic analysis of internal and external environment.

If the total assets of the company amount to $ 1,50,000 and owner’s equity is $ 70,000, the amount of liabilities will be

• $70,000

• $80,000

• $90,000.

• $1,00,000.

Which financial statement represents the accounting equation? ASSETS = LIABILITIES + OWNER'S EQUITY

• Income Statement.

• Cash Flow Statement

• Balance Sheet.

• Fund Flow Statement