Adr formula - Study guides, Class notes & Summaries

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

What is the industry term used to describe the sum of prices paid by a business's customers? - Correct Answer Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Correct Answer Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Correct Answer Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Correct Answer Profit What element is...

Revenue Management Final Exam Question & Answer What is the industry term used to describe the sum of prices paid by a business's customers? - ANS-Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - ANS-Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - ANS-Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - ANS-Profit What eleme...

CHIA Exam Questions With 100% Correct Answers 2024 Calculate % Change - answerThis year - last year / last year *100 Which one of the following is a chain? a.Hampton Inn b.Radisson Blu c.Accor Hotels d.Holiday Inn Express - answerc. Accor Hotels What statement is true about parent companies? a. Parent companies and the related chains have changed over time b.Parent companies must consist of no more than five chains c.Parent companies can only consist of chains in a single scale d.Par...

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 -...

ADR formula - ANSWERSTotal Rooms Revenue / Total Rooms Sold Value proposition - ANSWERSwhen a seller communicates to a buyer a description of a product to be sold and the price at which that product will be sold Owners ROI formula - ANSWERSOwners Investment Return/ Owner's Original Investment Profit - ANSWERSnet value achieved by both parties in a business transaction GOPAR formula - ANSWERSTotal revenue - Management Controllable Expenses / Rooms Available to sell Destination mar...

If a customer enters a sell stop order at 50 and the market trades that follow are 52,51,50,49, and 48, the order will most likely be executed at correct answer: 49 To find future value, all of the following info is needed except the correct answer: Rate of inflation Certificates of deposit sold by banks have all of following features Except correct answer: Marketability If interest rates in the economy go up, the yields on outstanding debt will do which of the following? correct ans...

revenue - ANSWER-the total amount of sales achieved a specified time period Revenue formula - ANSWER-number of sales x price per unit Revenue Managers must do 3 things - ANSWER-1. understand the importance of revenue mgt 2. understand the many complex factors 3. become better at making revenue mgt decisions than their competitors the profit fallacy - ANSWER-sales = costs + profit OR profit = revenue-expenses both buyer and seller - ANSWER-seek a profit profit - ANSWER-net valu...

Business acumen certification exam 2024 questions and answers 1. Excessively high employee counts in the balance scorecard accounts could indicates: Higher Guest Service and Lower GOP; because a lot of expenses decrial GOP 2 The operating results shown on monthly summary profit and loss statement: Changes balance sheet and cash flow statement. Because changes current asset and cash. 3 An online discounted channel is called Opaque 4 Which formula is the formula for the balanc...

This formula represents a buyers view of a sales transaction? - ️️Perceived Value-Selling Price=Personal Profit Effective revenue managers use this to best develop and evaluate their organizations pricing and revenue management strategies and tactics. - ️️Regular Strategy meetings A pricing system based upon a buyers view of product or service value - ️️Value-based pricing Included in the Place portion of a hotel's markieting mix - ️️Distribution channels Tasha's ho...