Controllable expenses - Study guides, Revision notes & Summaries

Revenue Management Final Exam Question & Answers 2024. what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -...

What is the industry term used to describe the sum of prices paid by a business's customers? - Answer- Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Answer- Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Answer- Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Answer- Profit What element is not present in a barter eco...

MAC3701 Assignment 2 Semester 1 2023 Answers, guidelines, workings and references .......................................... QUESTION 1 (100 Marks) BevSoft Drinks Ltd (“BevSoft”), situated near Springs in the Gauteng Province, is one of the leading energy drink and effervescent tablet manufacturers in the East rand operating in a fiercely competitive market. The company operates two divisions namely the Energy drink division (EDD) and the Effervescent tablet division (ETD). BevSoft’s h...

HOSPITALITY REVENUE MANAGEMENT FINAL/ HOSPITALITY REVENUE MANAGEMENT ACTUAL EXAM ELABORATED QUESTIONS AND CORRECTLY ANSWERS 100% ALREADY RANKED. Which two geographic categories are the most important for a hotel GM? You Answered - ANSWER- Market and Tract/Sub-Market The four key considerations when creating a Competitive Set are? - ANSWERParticipation, Proximity, Pricing and Product What is the average number of hotels in a competitive set? - ANSWER- between 5 and 6 When can a compe...

5 Broad Categories of Exclusions - Non-accidental losses Losses controllable by the insured Extra hazardous perils Catastrophic losses Property covered, and other policies A binder specifies the premium amount - All of the following statements about binders are true, except Absolute liability - Imposed on defendants engaged in hazardous activities, such as harboring, wild animals using explosives, etc. the injured party does not have to prove negligence Actual cash value - replacement c...

SASM 1010 Finals Exam With 100% Correct And Verified Answers Ambush Marketing - Correct Answer-A strategy that involves placement of marketing material and promotions at an event that attracts consumer and media attention, without becoming an official sponsor of that event. Customer Relationship Management - Correct Answer-The implementation of relationship marketing practices that involves creating a database usually of demographic and psychographic information of current and prospective cu...

A cell reference that remains constant when a formula is pasted into a new cell - Answer-Absolute Cell Reference An accounting record in which the results of transactions accumulated; shows increases, decreases, and a balance. - Answer-Account A system for providing quantitative, financial information about economic entities that is useful for making sound economic decisions. Accounting provides the means of recording and communicating business activities and the results of those activitie...

CGMA Management Level Test What does it mean that accounting for deferred taxes follows a financial position approach? - The temporary differences are derived from differences in carrying value from the book purposes and tax purposes Taxable temporary differences give rise to what? - DTLs A DTA can only be recognized to the extent there will be taxable income to offset it. Otherwise a what is needed - Valuation allowance What is the journal entry (including the temporary differenc...

Historically, what concept have hospitality managers chiefly used to calculate their selling prices? Ch. 1 - Answer-Costs What is an algebraic equivalent of the formula: Sales= Costs+ Profit? Ch. 1 - Answer-Profit = Sales - Costs What element is not present in a barter economy? Ch. 1 - Answer-Money What is the formula used to calculate GOPPAR? Ch. 1 - Answer-Total Revenue- Management Controllable Expenses/Rooms Available to Sell What is the industry term for a customer group which can be ...

What is the industry term used to describe the sum of prices paid by a business's customers? - Answer-Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Answer-Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Answer-Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - AnswerProfit What element is not present in a barter economy? - Ans...