Controllable costs - Study guides, Class notes & Summaries

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 ...

MARK 3000 Test 1 - Grantham UGA Exam Questions & Answers Marketing (By the books) - Correct ️️ An organizational function and a set of process for creating, capturing, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders Working definition of Marketing - Correct ️️ Anticipating and determining the needs/wants of consumers and satisfying those need through the use of the 4P's to create lo...

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...

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...

1. What term describes the use of historical knowledge of short-term and long-term fluctuations in census to plan budgetary costs related to staffing needs? Retrospective audit Forecasting Strategic Plan Prospective payment system correct answer: Forecasting 2. When detailing the budget, which of the following costs would the nurse manager identify as a variable and controllable expense? Mortgage payment for new building Unit supervisor's salary Unit supplies for wound dressings Equ...

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...

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...

Level Two Prostart Complete Exam Questions with correct Answers What is the formula for increasing or decreasing recipe yields? desired yield divided by original yield An operation began the month with a $25,000 food inventory, closed the month with $23,000 and purchased $19,000 worth of food products. Food Sales for the month totaled $63,000. What was the food cost percentage? 33.3 An operating budget serves many purposed in the management of a restaurant or food service operation...

REVENUE MANAGEMENT FINAL EXAM, PRACTICE EXAM 2024 LATEST VERSIONS QUARANTEED PASS QUESTIONS CORRECTLY ANSWERED.. 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? - ANSWERProfit = Sales - Costs What is the name for the net valu...

What are the 3+1 stages of absorption costing? 1. Allocation 2. Apportionment 3. Absorption = Production Cost 4. Under/over = Non prod OH Why would you use Absorption Costing? Valuing Inventory Pricing Decisions Establishing profitability What are pros and cons of absorption and marginal costing? Absorption -Avoids varying profits if sales are seasonal -Consistent with accounting standards -Recognises Long Run variable costs -Implies OH related to production = Manipulate profit ...