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I need help with this hospitality finance question. I can't figure out on my own Question 1 1. Horizontal analysis is also called common-size analysis.

I need help with this hospitality finance question. I can't figure out on my own

image text in transcribed Question 1 1. Horizontal analysis is also called common-size analysis. True False 0.2 points Question 2 1. Ratio analysis is often required in order to determine whether a loan covenant has been violated. True False 0.2 points Question 3 1. When a ratio includes the term "turnover" the calculation usually involves a balance sheet item divided by sales. For example, Asset Turnover = Average Assets/Sales True False 0.2 points Question 4 1. RevPAR = ADR Occupancy Rate True False 0.2 points Question 5 1. The Sarbanes-Oxley Act has both improved corporate governance and reduced administrative costs at public companies. True False 0.2 points Question 6 1. On the line next to each description in Column A, place the letter of the financial statement manipulation in Column B which it describes. 2. Company sets up joint venture, investment recorded as asset, no debt 4. Long-term contract is booked as current revenue Actions taken or deferred which have the temporary effect of improving the balance sheet 2. A recurring expenditure booked as a long-term A. Capitalize current operating expense asset 3. B. Improper revenue matching C. Window dressing D. Off-balance sheet financing 0.2 points Question 7 1. On the line next to each reason for using a financial statement in Column A, place the letter of the financial statement end-user in Column B which it describes. 2. Evaluate management performance, determine value of the firm 4. Check for legal compliance Assess borrowing capacity, estimate risk of default Track results compared to standards, reveal problem-areas 2. Track growth, monitor ability to pay 3. A. B. C. D. E. Government agencies Suppliers Lenders Owners Managers 0.2 points Question 8 1. On the line next to each formula in Column A, place the letter of the financial ratio in Column B which it describes. 2. $ Item / $ Common Reference 4. Net Income / Sales (This Year $ Last Year $) / Last Year $ EBIT / Sales (EBIT + Rent) / (Interest + Rent) 2. EBIT / Interest 3. A. B. C. D. E. F. Times Interest Earned Fixed Charge Coverage Operating Profit Margin Net Profit Margin Vertical Analysis Horizontal Analysis 0.2 points Question 9 1. Consider this balance sheet data: Cash: $75 Accounts Receivable: $100 Inventory: $125 Equipment: $100 Accounts Payable: $125 Payroll: $25 Long-Term Debt: $100 Select the appropriate items from the above list and Compute Current Ratio to the nearest tenth---that is, 2.7, 1.2, 0.7, etc. 0.2 points Question 10 1. Consider this data: Sales: $552,500 Net Income: $43,720 Total Assets: $1,278,000 Shareholder's Equity: $777,200 Select the appropriate items from the list above and Compute Return on Equity. Express your answer as a whole number for the percentage---that is, if the answer is 62.3% enter 62, or if 46.9% enter 47. 0.2 points Question 11 1. Total Rooms: 250 Rooms Sold Last Year: 71,100 Room Revenue: $6,387,500 Occupancy Cost: $992,050 Select the appropriate data from the above list and Compute Occupancy Percentage. Express your answer as a whole number for the percentage---that is, if the answer is 62.3% enter 62, or if 46.9%, enter 47. 0.2 points Question 12 1. Total Rooms: 250 Rooms Sold Last Year: 71,100 Room Revenue: $6,387,500 Occupancy Cost: $992,050 Select the appropriate data from the above list and Compute ADR. Express your answer to the closest penny, but do not enter a dollar sign---that is, if the answer is $13.37, enter 13.37. 0.2 points Question 13 1. Total Rooms: 250 Rooms Sold Last Year: 71,100 Room Revenue: $6,387,500 Occupancy Cost: $992,050 Select the appropriate data from the above list and Compute RevPAR. Express your answer to the closest penny, but do not enter a dollar sign---that is, if the answer is $13.37, enter 13.37. 0.2 points Question 14 1. Total Rooms: 250 Rooms Sold Last Year: 71,100 Room Revenue: $6,387,500 Occupancy Cost: $992,050 Select the appropriate data from the above list and Compute CPOR. Express your answer to the closest penny, but do not enter a dollar sign---that is, if the answer is $13.37, enter 13.37. 0.2 points Question 15 1. A 265 room hotel has fixed costs of $14,000,000. Average room rate is $285. Variable cost per occupied room is $65.' Compute the break-even point in total rooms sold per year. Express your answer as a whole number---that is, if the answer is 45,322.7 enter 45323. 0.2 points Question 16 1. A 265 room hotel has fixed costs of $14,000,000. Average room rate is $285. Variable cost per occupied room is $65. Compute the occupancy percentage to achieve a break-even. Express your answer as a whole number---that is, if the answer is 76.9%, enter 77. 0.2 points Question 17 1. A 265 room hotel has fixed costs of $14,000,000. Average room rate is $285. Variable cost per occupied room is $65. Compute the total rooms that must be sold per year to give the owners a pre-tax profit of $2,000,000. Express your answer as a whole number---that is, if the answer is 45,322.7 enter 45323. 0.2 points Question 18 1. A 265 room hotel has fixed costs of $14,000,000. Average room rate is $285. Variable cost per occupied room is $65. Compute the occupancy percentage to achieve a pre-tax profit of $2,000,000. Express your answer as a whole number---that is, if the answer is 76.9%, enter 77. 0.2 points Question 19 1. Consider this data on sales and accounts receivable for these two years: A/R (2009): $70,000 A/R (2008): $54,000 Sales (2009): $360,000 Sales (2008): $280,000. Select the appropriate data from the above list and Compute the Average A/R turnover for 2009. Hint: You will need three of the above items to compute this. Express your answer to the nearest tenth---that is, if the answer is 14.28, enter 14.3 0.2 points Question 20 1. Consider this data on sales and accounts receivable for these two years: A/R (2009): $70,000 A/R (2008): $54,000 Sales (2009): $360,000 Sales (2008): $280,000. Select the appropriate data from the above list and Compute the Average Collection Period for 2009 in days. Hint: You will need three of the above items to compute this. Express your answer as a whole number---that is, if the answer is 44.28, enter 44

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