Hotel financial terms quiz trivia. Finance in the hotel sector is not that different from another sector and the quiz below is designed for those of you who want a career in hotel finance and covers some of the basics you need to refresh up on such as income statement creation and its components. Do give it a shot and get to see what facts you may have forgotten.
Questions and Answers
What is the financial goal of the hotel?
Gross Operating Profit
Net Operating Income
________________ and _______________ are averages that can both be found using the following formula revenue/ statistics= average* Hint* one is Food and Beverage the other is Rooms Division
What time does the front desk close?
All of the above
None of the above
Write the formula to find Flow Thru.
Net Operating Income is
Revenue minus departmental expenses and fixed charges
Revenue minus undistributed expenses
Revenue minus undistributed expenses, departmental expenses and fixed charges
Revenue plus departmental expenses and fixed charges
Revenue plus undistributed expenses, departmental expenses and fixed charges
Statement of Income is
Detail statement of all revenues for a given period
Financial detail of a given period
Summary statement of all revenues for a given period
Financial summary of a given period
Summary of all expenses for a given period
Which is a synonym for Gross Operating Profit?
Net Operating Income
_____________________ expense does not have a correlating revenue.
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