In the hospitality business, sales volume is defined as the a. Number of units sold. b. Number
Question:
In the hospitality business, sales volume is defined as the
a. Number of units sold.
b. Number of guests served.
c. Amount of gross revenue generated.
d. Amount of net revenue generated.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (16 reviews)
a Nu...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
Question Posted:
Students also viewed these Business questions
-
As the first step in the hospitality business cycle, a hospitality operation uses its cash or credit reserves to a. Purchase products for resale to guests. b. Produce finished goods. c. Generate...
-
In the hospitality business cycle, the sale to guests of a hospitality businesss products or services creates either cash or a. An account receivables. b. An account payable. c. A financial profit....
-
1. Go to www.ultimateescapes.com and click on What is a Destination Club? and then click Learn More. Develop the basics of a promotional message that communicates the major benefits a destination...
-
import java.util.ArrayList; import java.util.Map; import java.util.Set; import java.util.TreeMap; /* * * This class contains a map of string keys, representing professors, to an array list of...
-
How will relating product contribution margin s to the amount of the constrained resource they consume help a company maximize its profits?
-
Dynamic climbing ropes are designed to be quite pliant, allowing a falling climber to slow down over a long distance. The graph in Figure P8.30 shows forceversus-strain data for an 11-mm-diameter...
-
Residential Demand for Electricity. Belotti, Hughes and Piano Mortari (2017) estimated residential demand for electricity covering the 48 states in the continental United States plus the district of...
-
Cellular telephone service has certainly become more important vis--vis wired telephone service over the past decade. Will this trend continue? How will the trend toward cellular service be affected...
-
A corporation issues 13 %, 15-year bonds with a par value of $570,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 11%, which implies a selling price...
-
A cash flow sequence has a receipt of $25,000 today, followed by three disbursements of $10,000, ST0,000 and $12,000 at the end of year one, two and three. A final receipt of S2,050 occurred at the...
-
Each member of a restaurant operators wait staff can serve 30 guests per each hour worked. The operator anticipates serving 210 guests tomorrow between noon and 1:00 p.m. How many servers must be...
-
A restaurant averages sales of $120,000 when serving 20,000 guests. The restaurants variable costs when serving 20,000 guests is $90,000. The contribution margin per guest is $1.50. Fixed monthly...
-
Monthly charges for cell phone plans in the United States are normally distributed with mean = +62 and standard deviation = +18. (a) Draw a normal curve with the parameters labeled. (b) Shade the...
-
Define and explain the term Auditing.
-
What are the considerations to be kept in mind by an auditor before commencement of an audit?
-
What is auditing in depth? Discuss the advantages and disadvantages of this audit technique.
-
You are the auditors of Apollo Services Ltd. And you have recently been reading a report on a similar company that criticized the auditors for failing to comment on the existence of the material...
-
Write short notes on: (a) Standard audit. (b) System audit. (c) Efficiency audit. (d) Social audit.
-
One way to estimate the effective area of an object is to measure its limiting velocity v falling in air. Explain how this works and find the expression for A eff as a function of m (the mass of the...
-
How does health insurance risk differ from other types of insurance risk (e.g., automobile or homeowners insurance)? What is the difference between cost sharing and cost shifting? Is retiree health...
-
For the current year ending March 31, Ewok Company expects fixed costs of $740,000, a unit variable cost of $55, and a unit selling price of $80. a. Compute the anticipated break-even sales (units)....
-
For a recent year, McDonalds company-owned restaurants had the following sales and expenses (in millions): Assume that the variable costs consist of food and packaging, payroll, and 40% of the...
-
a. Bryan Company budgets sales of $1,800,000, fixed costs of $1,000,000, and variable costs of $1,080,000. What is the contribution margin ratio for Bryan Company? b. If the contribution margin ratio...
-
Identify one type of business and describe that business and it's lending needs. Then describe what their potential lending needs may? Manufacturing Retail Wholesale Service Construction
-
Many investors believe the slope of yield curve is a leading economic indicator. Do you agree? Why? https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics?
-
Analyze the process for monitoring claims data for detecting potential fraud and abuse and describe how it is a crucial financial management process?
Study smarter with the SolutionInn App