On which statement would you find payroll, wages, and employee benefits for the rooms division?

Prepare for the Business Acumen Certification Exam with tailored flashcards and key multiple-choice questions, each accompanied by explanations and hints. Ensure your business acumen prowess with dedicated study materials!

The statement that includes payroll, wages, and employee benefits for the rooms division is the departmental income statement. This financial document specifically provides information about the revenues and expenses related to a particular department, in this case, the rooms division. By detailing the costs associated with employee compensation and benefits, it allows management to assess the financial performance of the rooms division effectively. Understanding these costs is crucial for evaluating profitability and making informed decisions regarding operational efficiency and budgeting within that department.

The other statements serve different purposes and would not typically contain this level of detail regarding specific departmental expenses. The gross profit statement primarily focuses on revenues minus the cost of goods sold, not on personnel expenses. An administrative expenses report would compile general overhead and administrative costs, rather than departmental specifics. Meanwhile, a cash flow statement outlines cash inflows and outflows over a period, lacking a detailed breakdown of payroll and benefits tied directly to the rooms division.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy