Occupancy rate - Study guides, Class notes & Summaries

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 ...

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...

Argus Certification Exam VERIFIED 100% SOLUTIONS True or False: ARGUS Enterprise merges three industry standard solutions: ARGUS Valuation- DCF, ARGUS Asset Management, and ARGUS Valuation-Capitalisation - ANSWER True In ARGUS Enterprise you can utilize shortcut keyboard commands to navigate within certain sections of the program. - ANSWER True In AE, a user can add over 100 properties into a portfolio. - ANSWER True Which is a benefit to utilizing a Chart of Accounts? a) Easier t...

ARGUS Practice Exam Questions with Correct Answers The Expense Inflation Rates will be the default percentage for: Operating Expenses Non-Operating Expenses Capital Expenses All the above - Answer-All the above Every inflation category must be given a number, or it will default to the General Inflation Rate - Answer-False Assuming 60% occupancy calculate the Vending Machine Revenue in Year 1 - Inflation: 3.5% - Building size 60,000 sf - Amount = $13,000 annually - 0% fixed - ...

Assisted Living Facility - Answer- A facility that is operated and regulated as a residential environment not medical that provides housing, meals, and one or more personal services for a period exceeding 24 hours to one or more adults who are not relatives of the owner or administrator. Renewal License - Answer- Must be completed at least 60 days and no more than 120 days before current license expires. CHOW - Answer- Change of Ownership Initial Licensure CHOW - Answer- Must be receive...

Breakeven Point? - ANSWER total cost = total revenue Working capital ratio - ANSWER current assets / current liabilities Acid-test (quick) ratio - ANSWER (cash + AR + short-term investments) / current liabilities debt to assets ratio - ANSWER total liabilities/total assets FTE (full time equivalent) - ANSWER total number of hours per employee in a week / 40 (i.e. 12+14+40+30 div. by 40) Profit margin - ANSWER NOI/Tot. Revenue. Defined as "income to sales. 2 types, gross prof marg...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

Pearson vue real estate Exam, Multiple Choice Questions And Correct Answers. If a licensee is paid a salary of $600 per month plus half of the office's 6% fee on all sales, what MUST the licensee's monthly sales be in order for the licensee to receive a total monthly income of $2,220? A. 27,000 B. 37,000 C. 54,000 D. 74,000 An agreement that restricts the use and occupancy of real estate, is part of a conveyance, and is binding on all subsequent buyers is called a(n): A. Agreement for...

ARGUS 2024 New Update Exam Questions with Correct Answers Which of the following are available methods for calculating General Vacancy? Check all that apply. - Answer-% of Potential Gross Revenue % of Total Rental Revenue % of Total Tenant Revenue The Present Value tab allows us to enter in a separate discount rate for the Leveraged and Unleveraged Cash Flow as well as the Leveraged and Unleveraged Resale Rate. T or F? - Answer-T ________________ is a solution for consolidating a...

Revenue - correct answer Rate X Volume Balance Sheet - correct answer This document measures the value or net worth of a business. Occupancy Percentage - correct answer rooms sold/total rooms available profit - correct answer total revenue minus total cost last year - correct answer The financial performance of the previous year. budget - correct answer The formal business and financial plan for a business for one year. average rate - correct answer Rooms Revenue / Rooms Sold ...