grade 9

If the beginning cash balance on January 3, 2022, was $15,000 and the cash received was $4,000, what was the ending cash balance for that day?

• a) $17,000

• b) $18,000

• c) $19,000

• d) $20,000

If the cash disbursed on January 2, 2022, was $3,000 and the ending cash balance for that day was $14,500, what was the cash received for that day?

• a) $10,000

• b) $11,000

• c) $12,000

• d) $13,000

If the cash received on January 1, 2022, was $6,000 and the cash disbursed was $4,500, what was the ending cash balance for that day?

• a) $10,000

• b) $11,500

• c) $12,000

• d) $12,500

If the cash disbursed on January 1, 2022, was $4,000 and the ending cash balance for that day was $11,000, what was the beginning cash balance for that day?

• a) $6,000

• b) $7,000

• c) $8,000

• d) $9,000

If the beginning cash balance on January 2, 2022, was $14,500 and the ending cash balance on January 3, 2022, was $15,000, what was the cash received for January 3, 2022?

• a) $2,000

• b) $3,000

• c) $4,000

• d) $5,000

What is a credit card transaction report?

• A) A report of all transactions processed by a business

• B) A report of only credit card refunds

• C) A report of only credit card sales

• D) A report of only credit card fees

What information is typically included in a credit card transaction report?

• A) Date of transaction, cardholder name, credit card number, transaction amount, authorization code, merchant ID, type of transaction, and settlement date

• B) Date of transaction, cardholder name, and transaction amount

• C) Authorization code, merchant ID, and type of transaction

• D) Settlement date and total amount of transactions processed

What is the formula for calculating total credit card transactions?

• A) Total Credit Card Transactions = Credit Card Sales - Refunds + Fees

• B) Total Credit Card Transactions = Credit Card Sales x Refunds x Fees

• C) Total Credit Card Transactions = Credit Card Sales / Refunds / Fees

• D) Total Credit Card Transactions = Credit Card Sales + Refunds + Fees

What is a room rate report?

• a) A report of the revenue generated by a hotel's restaurant.

• b) A summary of the rates charged by a hotel for its rooms over a specified period.

• c) A report of the salaries paid to hotel employees.

• d) A summary of the hotel's expenses for a given period.

Answer explanation

Answer: b) A summary of the rates charged by a hotel for its rooms over a specified period.

What information is typically included in a room rate report?

• a) Date of stay, room type, and number of rooms sold.

• b) Total revenue generated by the hotel, number of employees, and number of guests.

• c) Room service charges, number of complaints, and maintenance costs.

• d) Marketing expenses, number of cancellations, and number of events hosted.

Answer explanation

Answer: a) Date of stay, room type, and number of rooms sold.