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Category: Accounting

“The ABC hotel has 100 guest rooms snd ran a 80% occupancy in 2014. If the average daily rate for 2014 was $200, and 40% of the total room rev is VC, what is the unit variable cost (UVC) for 2014?”

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.“The ABC hotel has 100[…]

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What is the CMRw for hotel

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.What is the CMRw for[…]

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“On a hospitality firms balance sheet, long-term liabilities are typically listed after short-terms liabilities and owners equity”

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.“On a hospitality firms balance[…]

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“The Daily Deli borrowed $100,000 from a bank on a long-term basis during 2014. On the statement of cash flows for the family deli for 2014, this transaction would be classified as an______ activity”

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.“The Daily Deli borrowed $100,000[…]

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“Retained earnings are defined as the cumulative net income of a corporation, less any dividends that have been paid out to its share holders”

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.“Retained earnings are defined as[…]

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Which of the following statements is NOT a limitation of the balance sheet for a hospitality company

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Which of the following statements[…]

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Merchandising firm

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Merchandising firm a firm that[…]

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Net losses increase the retained earnings of a corporation

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Net losses increase the retained[…]

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Calculation of the statement of cash flows for the Clare hotel during 2015 results in a net______ in cash during 2015 of ______,”Decrease; $5

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Calculation of the statement of[…]

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Overhead rate

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Overhead rate “term used to[…]

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