HFT 3431 Final Exam Review

Exam is Cumulative  Chapters 1 – 12  Brown Scantron Form 2052  Exam Time  Wednesday 4/29/15 at 7:00 pm  50 Multiple Choice Questions  28 Vocabulary  22 Problems

Vocabulary Samples  10 Accounting Principles  Cash vs. Accrual Method  Balance Sheet Types  Comparative vs. Common Size  Contribution Margin  Fixed vs. Variable Costs  Step Costs  Relevant Costs  Controllable vs. Non-Controllable Costs  Classes of Ratios

Other Vocabulary  Schedule of Cash Flows  Operating  Financing  Investing  None  Types of Expenses  Fixed  Variable  Mixed

Problems  Ratio Analysis – 5  Contribution Margin / Ratio  Breakeven Analysis 0 = SX-VX-F & Variations of the formula 0 = SX-VX-F & Variations of the formula  Suggested Menu Price & Multiplier  Simple Rooms Forecast  Revenue / Budget Variance & Expense/Budget Variance  Trade Credit / Discounts  Smoothing Constant used in Forecasting  Interest Rate on Cash Discount  Price Elasticity of Demand  Loan Effective Interest Rate with Compensating Balance

Problems Not to Worry About  Completing a Balance Sheet or Income Statement  Completing a Statement of Cash Flows

Best Way to Study  Quizzes  Worksheets  Prior exams

Questions?  See you on Wednesday!