Adr formula Study guides, Class notes & Summaries
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Revenue Management Final Exam | Updated Question & Answers Graded A + 2023/2024
- Exam (elaborations) • 23 pages • 2023
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Revenue Management Final Exam | Updated Question & Answers Graded A + 2023/2024 
 
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 p...
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Revenue Management Final Exam | Latest 2023 with complete solution
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Revenue Management Final Exam | Latest 2023 with complete solution 
 
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 elem...
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business acumen certification exam 2023 questions and answers
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business acumen certification exam 2023 questions and answers 
 
 
 
Excessively high employee counts in the balance scorecard accounts could indicates: - higher Guest Service and Lower GOP; because a lot of expenses decrial GOP 
The operating results shown on monthly summary profit and loss statement: - changes balance sheet and cash flow statement. Because changes current asset and cash. 
An online discounted channel is called - opaque 
Which formula is the formula for the balance sheet - ...
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Revenue Management Final Exam Question & Answers 2022
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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 
 
-prof...
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business acumen certification exam 2023 questions and answers
- Exam (elaborations) • 4 pages • 2023
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business acumen certification exam 2023 questions and answers 
 
Excessively high employee counts in the balance scorecard accounts could indicates: 
higher Guest Service and Lower GOP; because a lot of expenses decrial GOP 
The operating results shown on monthly summary profit and loss statement: 
changes balance sheet and cash flow statement. Because changes current asset and cash. 
An online discounted channel is called 
opaque 
Which formula is the formula for the balance sheet 
Assets= Liab...
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Revenue Management Final exam practice questions and answers 100% correct.
- Exam (elaborations) • 7 pages • 2022
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What is bigger in the tourism industry, fixed costs or variable costs? 
fixed costs are bigger 
-Think of an airplane: staffing, airport fees (fixed) - huge amount of the costs for airplanes come from fixed costs; food, fuel (variable) - not as easy to determine the variable costs 
 
 
 
We can reduce prices (even below total cost per room), as long as the 
reduced price covers, fixed cost per room or variable cost per room? 
We can reduce prices as long as the reduced price covers the variable ...
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Hospitality Revenue Management final exam review Questions And Answers With Complete Solutions
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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? - Answer-...
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business acumen certification exam 2023 questions and answers
- Exam (elaborations) • 4 pages • 2023
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- $11.99
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business acumen certification exam 2023 questions and answers 
 
Excessively high employee counts in the balance scorecard accounts could indicates: 
higher Guest Service and Lower GOP; because a lot of expenses decrial GOP 
The operating results shown on monthly summary profit and loss statement: 
changes balance sheet and cash flow statement. Because changes current asset and cash. 
An online discounted channel is called 
opaque 
Which formula is the formula for the balance sheet 
Assets= Liab...
-
Hospitality Revenue Management final exam review | Questions with 100% Correct Answers | Verified | Updated 2024
- Exam (elaborations) • 44 pages • 2024
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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 calcu- late their selling prices?: costs 
What is an algebraic equivalent of the formula: Sales = Costs + Profit?: prof- it=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 ca...
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HFT 4468 Dr Altin Final Exam 2023
- Exam (elaborations) • 10 pages • 2023
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HFT 4468 Dr Altin Final Exam 2023 
Revenue formula - ANS-number of units sold x unit price 
Accounting profit formula - ANS-Profit= Revenue - Expenses 
Owner ROI forumlar - ANS-owner investment return / owner original investment 
ADR formula - ANS-total room revenue / total rooms sold 
RevPAR formula - ANS-ADR x Occupancy % 
-orTotal Revenue / total rooms available 
Occupancy % formula - ANS-Total rooms sold / total rooms for sale 
RevPOR formula - ANS-Total (rooms + Non-rooms) Revenue / Total ...
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