Controllable expenses - Study guides, Revision notes & Summaries

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...

What is the industry term for the average revenue generated by each occupied guestroom during a defined period of time? RevPOR What is the formula used to calculate GOPPAR? (Total Revenue - Management Controllable Expenses) / Rooms Available to Sell = GOPPAR What is the industry term for a customer group which can be readily identified by one or more common characteristics? Market Segment What is rack rate? The price of rooms when no discounts of any type are offered What...

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 ba...

What is the effect of a company's accounting department maintaining high ethical standards? - Answer-The company's accounting information will increase in value. Why might employees be interested in their company's financial accounting information? - AnswerFinancial statement data are often used in determining employee bonuses. Which group establishes financial accounting rules in the United States? - Answer-Financial accounting standards board Which report is one of the three primary fi...

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

Privileges and limitations as PIC you may not carry passengers for compensation or hire May not pay less than the pro rata share. May act as pic of charitable, nonprofit, or community event flight. Be reimbursed for aircraft operating expenses related to search and location operations. Only fuel, oil, airport expenditures, or rental fees. Demonstrate an aircraft inflight to a buyer pp is a salesman and has at least 200 hours of logged flight time. May act as PIC of aircraft towing a g...

TEST BANK for Canadian Income Taxation Planning and Decision Making, 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman, Abraham Iqbal CHAPTER 1 1) Which of the following is not considered to be a separate entity for tax purposes in Canada? A) An individual B) A proprietorship C) A corporation D) A trust 2) Which of the following attitudes and actions is most likely to help decision-makers develop an efficient approach to taxation? A) Cash flows should be considered from a...

What information does a balance sheet provide to a decision maker? Summary of the operating performance of a company during a period Summary of the financial position of a company at a particular date Summary of the cash flows of a company during a period Summary of the operating performance of a company at a particular date ANS - Summary of the financial position of a company at a particular date 19. What is an account payable? The amount owed by a company that purchased goods or servic...

Canadian Income Taxation (2023-2024) 25e William Buckwold, Joan Kitunen, Matthew Roman (Test Bank) 1)Which of the following is not considered to be a separate entity for tax purposes in Canada? A)An individual B)A proprietorship C)A corporation D)A trust 2)Which of the following attitudes and actions is most likely to help decision-makers develop an efficient approach to taxation? A)Cash flows should be considered from a before-tax perspective when making decisions. B)Funct...

Revenue management is the act of directing sources of income within the confines of - Answer-capacity, supply and demand GOPPAR takes into account which of the following variables that is not considered in RevPAR? - Answer-Controllable expenses Name revenue optimization strategies - Answer-Market segmentation, Duration control , BAR (Best Available Rate) Legoherel, Poutier, & Fyall point out that revenue optimization is not only about product versioning, distribution channel selection, ...