HRMT 2500 Chapter 10

An example of an asset is: A. Taxes collected and due to be paid to a municipal government B. Accounts receivable due from guests C. Rooms sales D. Beverage allowances E. All of the above depending on the circumstances

B. Accounts receivable due from guests

A skipper is a(n): A. Nickname given to the hotel GM B. Guest who leaves without paying his bill C. Guest who charges bar drinks to the room folio D. American-plan guests who skips one or more meals that have been prepaid E. Both A & D

B. Guest who leaves without paying his bill

Allowances are: A. Awarded guest-service agents who achieve certain goals B. Reductions in the amount owed on a folio C. Admissions to private parties on the banquet floor D. The identifying numbers of the hotel's accounting system E. All of these when used in different contexts

B. Reductions in the amount owed on a folio

The distribution of charges between a master account and a guest's personal account is called: A. Credit accounting B. Direct billing C. Split folios D. Comp allowances E. None of the above

D. Split folios

Which of the following would most likely be a city-ledger guest? A. VISA card B. Trade association C. Bridal party D. Wholesaler/group mover E. All of the above

E. All of the above

T/F. A registered guest who pays cash for drinks in the bar become a city-ledger guest.

False

T/F. There is one folio for each person (guest) staying in the hotel.

False

T/F. Typically, city-ledger guests are billed immediately, transient guests are billed in 10-day cycles.

False

T/F. Hotels offer numerous services that increase the balance of a guest folio, but there are only three methods of settling (paying) for those services. They are cash (or cash equivalents, like a company check or traveler's check), allowances, and transfers (as when a guest uses a credit card and transfers the balance to the City Ledger).

True

T/F. Room charges for convention's manger would be posted move likely to the convention's A folio.

True