Question

As the night auditor at your hotel, you show cash receipts of $3,458 and credit card receipts of $23,975. Your property management system shows that you booked $27,433 in sales. Are your receipts too low, too high, or balanced?

Answer 1

The receipts composed of cash and credit card receipts total $27,433, which exactly matches the booked sales of $27,433 from the hotel's property management system. Therefore, the receipts are balanced.

Step-by-step explanation:

To determine whether the receipts are too low, too high, or balanced, we need to add the cash receipts to the credit card receipts and compare the total with the booked sales. The cash receipts are $3,458 and the credit card receipts are $23,975. Adding these two amounts gives us a total receipt amount of $27,433.

The hotel's property management system shows booked sales of $27,433. When we compare this with the total receipts calculated earlier, we can see that the receipts match the sales exactly, indicating a balanced account. Therefore, the receipts are neither too low nor too high; they are balanced, perfectly matching the sales figure recorded by the property management system.