Accounting > TEST BANKS > Test Bank for Accounting for Hospitality Managers with Answer Sheet (AHLEI), 5E Raymond Cote (All)
Test Bank for Accounting for Hospitality Managers with Answer Sheet (AHLEI), 5E Raymond Cote
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CHAPTER 01: HOTEL REVENUE ACCOUNTING 1 The sale of food to guests in the lounge is recorded to: food sales. bar sales. concierge sales. other income. 2 Commissions from outside guest laundry ser... vices are shown on the: rooms department statement. other operating department statement. schedule of rentals and other income. marketing department statement. 3 If net sales are $1,000, food cost is $300, and labor cost is $200, gross profit: is $1,000. is $700. is $500. cannot be determined from the given information. 4 If an invoice is dated March 26 with terms of 6/15, n/30 EOM, the last day the discount can be taken is: April 15. May 15. June 1 [Show More]
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