HFT 3431HFT 3431Final Exam ReviewFinal Exam Review

Exam is CumulativeExam is Cumulative

Chapters 1 – 12Chapters 1 – 12 Brown Scantron Form 2052Brown Scantron Form 2052 Exam TimeExam Time

Wednesday 4/29/15 at 7:00 pmWednesday 4/29/15 at 7:00 pm

50 Multiple Choice Questions50 Multiple Choice Questions 28 Vocabulary28 Vocabulary 22 Problems22 Problems

Vocabulary SamplesVocabulary Samples

10 Accounting Principles10 Accounting Principles Cash vs. Accrual MethodCash vs. Accrual Method Balance Sheet TypesBalance Sheet Types

Comparative vs. Common SizeComparative vs. Common Size Contribution MarginContribution Margin Fixed vs. Variable CostsFixed vs. Variable Costs Step CostsStep Costs Relevant CostsRelevant Costs Controllable vs. Non-Controllable CostsControllable vs. Non-Controllable Costs Classes of RatiosClasses of Ratios

Other VocabularyOther Vocabulary

Schedule of Cash FlowsSchedule of Cash Flows OperatingOperating FinancingFinancing InvestingInvesting NoneNone

Types of ExpensesTypes of Expenses FixedFixed VariableVariable MixedMixed

ProblemsProblems

Ratio Analysis – 5Ratio Analysis – 5 Contribution Margin / RatioContribution Margin / Ratio Breakeven AnalysisBreakeven Analysis

0 = SX-VX-F & Variations of the formula0 = SX-VX-F & Variations of the formula

Suggested Menu Price & MultiplierSuggested Menu Price & Multiplier Simple Rooms ForecastSimple Rooms Forecast Revenue / Budget Variance & Expense/Budget VarianceRevenue / Budget Variance & Expense/Budget Variance Trade Credit / DiscountsTrade Credit / Discounts Smoothing Constant used in ForecastingSmoothing Constant used in Forecasting Interest Rate on Cash DiscountInterest Rate on Cash Discount Price Elasticity of DemandPrice Elasticity of Demand Loan Effective Interest Rate with Compensating BalanceLoan Effective Interest Rate with Compensating Balance

Problems Not to Worry AboutProblems Not to Worry About

Completing a Balance Sheet or Income Completing a Balance Sheet or Income StatementStatement

Completing a Statement of Cash FlowsCompleting a Statement of Cash Flows

Best Way to StudyBest Way to Study

QuizzesQuizzes WorksheetsWorksheets Prior examsPrior exams

Questions?Questions?

See you on Wednesday!See you on Wednesday!