Per buyer formula 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 ...

CPCM Final Exam (questions and answers) 2024 Data Sharing: (Can share Competitive Data with Retailers & Vendor partners can share it with me) Data Considerations: (Need to understand which measures are additive) Trends Analysis: (Can compare Quarterly data to understand Seasonality and Annual data for overall Trends) Data Significance: (Need to confirm if # of Buyers is large enough) - CORRECT ANSWER-Panel Data guidelines % of Buyers in a particular Demographic Group - CORRECT ANSWE...

Stage 13: Assest management/end of life The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures -Proportionate procedures: should be in line with the ype of bribery risk and scale tha...

1. SHV Share price + Dividends 2. How do you in- crease Earnings Per Share (EPS)? Increase net income 3. Revenues -Sales -Goods or services sold 4. Gross profit -Gross income -Gross earnings -Gross margin 5. Operating in- come 6. Income before taxes (IBT) -Operating profit -Earnings before interest and tax (EBIT) -Income before interest and taxes (IBIT) -Earnings before taxes (EBT) -Profit before taxes (PBT) 7. Net income (NI) -Earnings after taxes (EAT) -Profit after t...

Econ 248 Final Test Questions With 100% Correct Answers. The Heckscher-Ohlin theory predicts that trade between similar industrialized countries should - answerbe rather limited in volume. Scale economies are said to be present when - answeran increase in output leads to a decrease in average cost. Internal scale economies occur when - answerexpansion of output by a firm leads to greater specialization of labor. ________ is a market structure in which a large number of firms compete vigo...

"Caveat emptor" - let the buyer beware, buy at your own risk "Du'jour menu" - Off the day "Due out" - room is expected to become vacant after the following guest checks out "late arrival" - guests that advise they will be later than they agreed "late show" - a guest who arrives later than the agreed time "Launching stage" of family life cycle - when children leave their parents home to work, study, or start families of their own "occupied" - a guest is currently occupied in...

If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? - Answer- The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to complete a mail away closing? - Answer- the agent would sign on the absent persons behalf Your buyers' lender tells you that your buyer will qualify for a loan up to $359,000. The lender advised you ...

45 Hour Post License Final Exam Questions & Answers 100% Correct!! If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to complete a mail away closing? the agent would sign on the absent persons behalf Your buyers' lender tells you that your buyer will qual...

45 Hour Post License Final Exam Questions & Answers 100% Correct!! If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to complete a mail away closing? the agent would sign on the absent persons behalf Your buyers' lender tells you that your buyer will qual...

If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? - ANSWER The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to complete a mail away closing? - ANSWER the agent would sign on the absent persons behalf Your buyers' lender tells you that your buyer will qualify for a loan up to $359,000. The lender advised you th...