3. Commissions from vending machines would be reported by a hotel on its summary income...

50.1K

Verified Solution

Question

Accounting

image

3. Commissions from vending machines would be reported by a hotel on its summary income statement as- a. food sales b. interest income c. rentals and other income d. None of the above. Why? 4. The cost of foods used is when beginning food inventory S 10,000, 15.000"p 200,000p ending food inventory-* food purchases* cost of employee meals 2,000. free food for VIPs 500p a. $205,000v b. $200,000 c. $195,000v d. $192.500- 5. The cost of food sold based on the information in question 4 is a. $205,000v b. $200,000 c. $195.000 d. $192,500 6. Which of the following is not an Undistributed Operating Expense (UOE)? a. depreciation b. franchise fee+ c. heat, light and power d. GM's salary* 7. Management fees are shown as on the Summary Income Statement. a. fixed charges b. UOE c. management fees (separate line)- d. None of the above. Why

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students