Questions from Managerial Accounting

Q: 1. As the level of personal service in a hospitality business

1. As the level of personal service in a hospitality business increases, operating costs A. increase and selling prices must also be increased. B. increase and selling prices must be decreased. C. de...

Q: 1. Which is the formula that food service managers use to

1. Which is the formula that food service managers use to calculate their total revenue? A. Price x Number Sold = Total Revenue B. Price / Number Sold = Total Revenue C. Number of customers x Price...

Q: 1. Which is a factor used in the food cost %,

1. Which is a factor used in the food cost %, contribution margin, and goal value analysis methods of menu analysis? A. Popularity B. Food cost % C. Contribution margin D. Variable costs 2. When usi...

Q: “I think it’s a great idea,” said Natalie Duke

“I think it’s a great idea,” said Natalie Duke, the director of sales and marketing at the Rosewood Plaza Hotel. Natalie was telling Renée Watson, the hotel’s general manager, about her request to in...

Q: “Let me make sure I understand this. You want to

“Let me make sure I understand this. You want to set the rates for the third week in October at full rack, close out all discounts, and immediately block any inventory we are not contractually obligat...

Q: “I don’t know, Bharath,” said Arun Poddar, Bharath’s

“I don’t know, Bharath,” said Arun Poddar, Bharath’s close friend and business partner. “It looks risky to me.” Bharath Chaturvedi had just proposed that Arun go into business with him by purchasing t...

Q: “This is a bit new for me,” said Maddie,

“This is a bit new for me,” said Maddie, the new controller at the 600‐room Fairmont Hotel. “I know,” said Marcus, the hotel’s general manager, “but you will catch on pretty quick I’m sure. And I am c...

Q: Samara Tate couldn’t have been happier. As she looked back on

Samara Tate couldn’t have been happier. As she looked back on the past two years, she realized just how much how her hard work had paid off. First, she had been hired as a waitress at the exclusive Sy...

Q: Rodney Nicole was excited as he talked to his friend Ali Pennycuff

Rodney Nicole was excited as he talked to his friend Ali Pennycuff. “I bought the truck!” said Rodney. “You bought the food truck you were looking at?” asked Ali. “I sure did. It will only take me a w...

Q: David Berger was about to achieve his dream. Having finished culinary

David Berger was about to achieve his dream. Having finished culinary school and then completed his hospitality management degree, David was ready to seek the financial backing he needed to open what...