HRT 374 Study Guide - Midterm Guide: Accounts Payable, Income Statement, Working Capital

• School: Cal Poly Pomona
• Department: Hospitality Management
• Course: HRT 374
• Professor: John Self

Document Summary

Working capital would be one way to check a company"s liquidity. True/ false: restaurant would have a seat turnover of 0. 5 if it had 100 seats and 200 customers. True/ false: when account receivable goes up, cash goes up. True/ false: the first order of all china, glassware, silverware are non current, but once it gets open, break or stolen, then it is on the income statement as expense. True / false: as account payable goes up, cash go up. True/ false: ebitda stands for earnings, before, interest, tax, depreciation, appreciation. True/ false: limited partnerships offer protection to limited partners, but must have at least 2 general partners who will accept all liability, the income statement covers a point in time, not a period of time. True/ false: if a company bought a truck for ,000 with a loan, this would affect the assets and the. True/ false: when accounts payable increases, cash decreases.