HTM 280 WEEK 8 QUIZ 7
HTM 280 Week 8 Quiz 7
This quiz consist of 20 multiple choice questions. The first 10
questions cover the material in Chapter 9. The second 10 questions
cover the material in Chapter 10
1. Regarding room rates:
2. Use the following data, some of which may be helpful and some of which may
be useless, to compute the building cost rule-of-thumb formula: The hotel has
400 rooms. Income from all operating departments is $3,200,000 annually. Cost
of land is $4,000,000. Cost of the building is $32,000,000. Cost of bank funds
is 12% annually. Occupancy for next year is projected to be 72%.
3.
Using the
traditional or building cost rate on brand new construction, how much should a
250 room hotel charge per night if construction costs were $21,400,000, land
acquisition and improvement was $3,600,000, and FFE cost $5,000,000
(furniture/fixtures/equipment):
4.
Elasticity is a
change in:
5.
Which of the
following is out-of-place with the rest of the set?
6.
The Hubbart Room
Rate Formula:
7.
Among the
surprising surcharges that some hotels have added to their room rates are all
of the following EXCEPT:
8.
All of the
following statements about the Building Cost (Room) Rate are true EXCEPT:
9. Use the following information to calculate a Hubbart Room Rate Formula: A
given hotel has 225 rooms. Operating expenses run about $1,110,000 annually.
Depreciation is scheduled at $445,000 per year. Additional costs (taxes,
insurance, etc.) are expected to be about $135,000 for the year. The owners
require a reasonable return of $850,000 per year for their investment. Net loss
from other operated departments is projected to be $400,000 annually. Calculate the rate
required assuming a 65% annual occupancy rate:
10.
A given hotel
has 150 rooms. Operating expenses run about $980,750 annually. Depreciation is
scheduled at $645,500 per year. Additional costs (taxes, insurance, etc.) are
expected to be about $226,750 for the year. The owners require a reasonable
return of $647,000 per year for their investment. Net income (repeat… this is
net INCOME) from other operated departments (like lounge and restaurant) is
projected to be $500,000 annually. Calculate the Hubbart Room Rate required
assuming a 75% annual occupancy rate:
11.
All of the
following should be corrected with an allowance EXCEPT:
12.
Which of the
following departments would a full-service hotel NOT
necessarily have?
13.
The “the power
of the pen” is the authority to:
14.
A skipper is a
(an):
15.
Nonregistered
guests charge the bar drinks they receive:
16.
Master accounts
are always used for:
17.
The city ledger
would NOT contain which of the following categories:
18. A hotel’s accounting
day ends
19.
Which of the
following terms mean the same?
20.
The distribution
of charges between a master account and a guest’s personal account is called:
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