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Question 1 What is the paid occupancy percentage for Hilton Hotel during 2015 (assumed 365 days of operations), if the hotel reports the following statistics;

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Question 1 What is the paid occupancy percentage for Hilton Hotel during 2015 (assumed 365 days of operations), if the hotel reports the following statistics; 150 rooms available, average rate of $250 and total rooms sales revenue for the year was $18.25 million Question 7 Refer to Qucstion 6 above, holding the agreements to be same but you anticipated Gross Sales Revenue will increase by $150,000 yearly, which lease option would you recommend for the restaurant. A. 91% B.70% C.81% D80% Question2 The Hilton Hotel borrowed $500,000 during 2015. Of this loan, $30,000 was used to retire another debt during A. Variable lease 5% only B. Variable lease 5% and $10,000 flat C. Fixed lease of $30,000 only D None Question# 8 Identify the following type of costs as Variable Costs (VC), Fixed Costs (FC) or Mixed Costs (MC) i, Cost of food soldi. Building Rent, Supplies, iv. Utilities E None of the Above 2015. Both the amounts borrowed and debt retired are shown under the net cash flow as follows: A. Investing and Financing activitics B. Borrowing activities C. Operating activities Question3 Refer to Hilton Hotel debt service transactions in Question 2 above, what would be the net effect on cash flow of A. i,VC, ii. VC, iii. MC, & iv. VC B. .VC, ii. FC, iii. MC, & V. FC CVC, ii. FC, iii. VC, & iv. MC D. Financing activities E. Debt Service activities Question# 9 Given the following cost schedule, where a stove for your new restaurant can either be purchased at a cost of S15,000 or leased for three 3 annual payments of S7,000 each. You were told that the salvage value of the stove is $2000 and that annual repairs cost for 3 yrs. would be $4,500 ($1500 yearly). Would you buy or lease the equipment. the $500,000 borrowed and the $30,000 debt retired? A. Cash increased $470,000 B. Cash decreased $470,000 E. Cash decreased $530,000 D. Cash increase $530,000 Question 4 C. Cash increased $30,000 and decreased $500,000 A. Purchase costs more than lease, so lease B. Purchase costs less than lease, so buy C. Purchase costs equals lease, so indifferent to lease or buy options Question# 10 What is the Breakeven number of rooms sold (BESR), if Hotel XYZ's Rooms Dept. Fixed Costs (FC)- 20,000 and each room's contribution margin (CM) $20.00 XYZ Hotel has the following occupancy % and mixed costs for high month in August and Low month in December Mixed Cost-Indudes both VC& FC Electric Expense A. 100% Question# 11 If Hotel XYZ (in Question 10 above) has 200 rooms that are being sold at an ADR of S300, what would be the B. $1000. C.200 rooms D 1000 rooms E Cannot be determined Botel's 0ccupancy% Bigh Month (August) Low Honth (December) 78% so% $5,500 Resear if the hotel was sold out ( 100% occupancy) daily. lhat is the variable cost (VC) per 1 of occupancy A. S30,000 B. $300 C. $3000 D. Cannot be determined E. $60,000 Question# 12 Calculate Marriott's annual rooms sold if pretax profit for the year is $100,000, fixed cost is $240,000 and CM is A. 71.60% B. 60.71% C. $60.71 D $71.60 E None of the Above Question 5 Refer to question 4 above, what is December's Total Variable Cost of Electric Expenses for Occupancy % during that month? $20.00 per room sold. A. 15,000 B.$15,000 C.$17,000 D10.000 E 17,000 rooms A. $3,035.7 B. S6,071.43 C. $5,500 DS57143 E None of the Above Question# 13 Question 6 What would be the Indifference Point (S revenue) for a restaurant., if offered the following options: A variable least of 5% of Gross Sales Revenue and flat yearly payment of $10,000 or a Fixed Lease of $30,000 yearly. Calculate the working capital needed for Marriott Worldwide during 2015, if the hotel has total Fixed Assets of S467,510, total Current Assets of S58,970, total Owners Equity of $500,000 and total Current Liabilities of $26,480. A. $500,000 B. $526,480 C. S32,490 D. (S32,490) E S467,510 A. $30,000 B. S100,000 C. $50,000 DS40,000 E Question 22 Question# 14 Using the indirect method to prepare a statement of cash flow requires computation of segments of activities- What would be the pretax income if the owners desire a ROI of 15% on a capital investment totaling $250,000 and tax rate of 30%? the first of these segments is: A. Investing activities C. Operating activities B. Borrowing activities A.$53,571.43 B.S55,571.43 C.$125,000 D$37,500 E$250,000 D. Financing activities EDebt activities Question# 15 Question 23 Which of the following represents a GAAP accounting principle A. Matchbox Principle C. Materiality Question 24 To increase an asset account, which of the following action must be takern A. Increase the account by adding the transaction B. Increase the account by deducting the transaction C. Debiting the account Question 25 In accounting each account has a normal balance. Normal balance for an expense would be which of the If Total Room Revenues 687,300, Total Variable Costs -$253,600 and Fixed Costs -$362,800 what is the Contribution Margin (CM) percentage? A. 50.1% B. 10.1% C. 63.1% D 39.1% E 30.1% B. Financial Principle Question# 16 D. Taxation Principle ENone of the above Refer to the information given in Question 15 above, what is BESR? B. $687,300 B. $1,538,462 C. S362,800 DS574,942.22 E$433,700 Question# 17 A Hotel operating at average occupancy of 80% sold 38,000 rooms and derived room sales revenue of $2,500,000. Of the rooms occupied, 80% were double occupancy and the rate differential between single and double rate $20.00. What is the overall ADR for the hotel? D. Crediting the account A. $48.29 B.$68,29 C S65.79 D$80.36 E S51,43 following A. Debit balance B. Negative Balance C. Positive balance D. Credit balance Question 26 Cash, and other resources that are expected to be realized (in cash, sold or consumed) in a business within a year Question# 18 Based on the Hotel information given in Question 17, what were the total rooms available at the hotel for the period? A. 49,706 B, 30,660 C, 47,500 D38,325 E7,665 are called A. Long-term debts B.GowlCCurrent Assets D. Fixed Assets Question 27 A cost incurred whether, or not, management decides to carryout a project would most likely be categorized as: A. Joint Cost B. Fixed Cost C. Opportunity Cost D. Sunk Cost E. None of the above. Question# 19 Based on the Hotel information given in 17, what is the double occupancy rate? A. S49.79 B. S69.79 C.$65.79 D$45.79 E$29.79 Question# 20 The normal balance of the retained camings account of a hotel is: A. A. Debit B. Credit C. Either a or b D.Neither a or b Question# 21 Which of the following represents an intangible asset? Question 28 Food and beverage costs of good sold are examples of the following cost: A. Undistributed Cost B. Fixed Cost C. Opportunity Cost D. Sunk Cost E. Variable Cost A. Preopening cost B. Accounts Receivable C. Loan Payable D. Legal fee expense to secure a patent E. Goodwill Question 29 One example of an undistributed department for which their costs would usually be allocated is: A. Undistributed Cost B. Human Resource Department. C. Food & Beverage Dept. D. Rooms Department Question 30 The method by which the useful life of an asset is written off over several years (allocated cost of an asset over several accounting periods) is called: A. Declining budget B. Zcro Based Budget. C. Accumulated Depreciation. D. Depreciation 1. Which expense is not allocated to revenue centers regardless of the allocation method used? a) Labor expense b) Depreciation expense c) Interest expense d Income tax expense 2. The budgetary control process is completed when: Variances are analyzed b) Variances are c) Causes of variances are determined d) Action is taken to correct any problems 3. Which of the following choice of Capital Budgeting (investment) technique(s) is best for decision making: a) NPV and IRR b) ARR and Payback period c ARR d) Payback period 4. A 400 hotel's room sales revenue is S600,000. If hotel labor hours yield $150,000 in direct room's wages and 33% taxes and benefits. The hotel also has food and beverage sales revenue of$200,000. what the hotel room's labor cost percentage? a) b) c) d) 24.9% 33.3% 18.8% 25.0% few Formula that may be necessar i. Breakeven sales in units is given by fixed cost divided by contribution margin per unit. 11, Breakeven sales revenue is given by fixed cost divided by 100% less variable cost percentage. iii.Breakeven sales revenue and desired profit can also be computed by fixed cost and desired profit divided by contribution margin percentage

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