In the hotel industry, which type of forecast may often exceed 100%? a. Demand forecast b. Occupancy

Question:

In the hotel industry, which type of forecast may often exceed 100%?

a. Demand forecast

b. Occupancy forecast

c. Revenue forecast

d. Variable expense forecast

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting for the Hospitality Industry

ISBN: 978-1119386223

2nd edition

Authors: Lea R. Dopson, David K. Hayes

See More Books

Question Posted: Apr 30, 2018 01:18 AM

See More Questions

Pacific Hotels operates a centralized call center for the reservation needs of its hotels. Costs associated with use of the center are charged to the hotel group (luxury, resort, standard, and...
Contesso Travel Inns Ltd. is a successful Canadian-controlled private corporation that owns and operates a small chain of eight hotels in western Canada. The hotels offer high-quality lodging at...
Some in the hotel industry believe that too heavy an emphasis on the STAR report to evaluate a hotel's sales effort has a negative effect. Others defend the STAR report as the only independent way to...
Select the best answer. 1. A local chapter of the Society for Protection of the Environment beneted from the voluntary services of two attorneys. One served as a member of the Society's board of...
Compare and contrast a rules-based accounting system and a principles-based accounting system. Which one do you think results in the more accurate financial statements?
A business issued a 30-day, 4% note for $60,000 to a creditor on account. Journalize the entries to record (a) The issuance of the note (b) The payment of the note at maturity, including interest.
Journal entries for both buyer and seller periodic inventory system Non-GST version The following transactions relate to the businesses of C. Wynn and C. Vale. Both businesses use a periodic...
Grenfell Company is preparing a cash budget for 2014 for purchases of Calvos. Budgeted data are as follows: Cost of goods sold for the year 2014 .....$ 600,000 Accounts payable, 1/1/14 ..............
4. In doubly linked lists, traversal can be performed?4 a) Only in forward direction b) Only in reverse direction c) In both directions d) None
Nguyen Corporation issued a $8,000,000, 6 percent bond on August 1, 2017. The market interest rate was 8 percent on that date and the bond matures in eight years. Interest on these bonds is payable...
Which is one important purpose of a hotels rooms occupancy forecast? a. Helping to improve employee scheduling b. Helping to manage the hotels cash flow c. Identifying periods of low room demand d....
A hotel has 300 available rooms. On Tuesday night the hotels revenue manage forecasts 50 stay overs, 125 arrivals, 15 no-shows, 10 walk-ins, and 5 early departures. What will be this revenue managers...
Two resistanceless rails rest 32 cm apart on a 6.0o ramp. They are joined at the bottom by a 0.60- resistor. At the top a copper bar of mass 0.040 kg (ignore its resistance) is laid across the rails....
5 ints eBook Print References The following financial statement information is from five separate companies. Beginning of year Assets Liabilities End of year Assets Liabilities Changes during the...
8- The Y Company has bought 20.000 worth of commodities but did not pay the money yet. How to record this transaction? A) B) C) D) Commodities 20.000 Cash 20.000 Commodities 20.000 Account's Payable...
3. [%6] You are considering two retransmission strategies for all hosts in a network using the ALOHA protocol. The first is a deterministic strategy where the first time a collision is detected, the...
The following information is available for Marigold's Hot Dogs: Actual production Budgeted production Standard direct labor hours Actual direct labor hours Standard variable overhead rate Actual...
The Jose and Jack partnership reports net income of $53,400. Partner salary allowances are Jose $19,900 and Jack $11,600. Any remaining income is shared 60:40. Determine the amount of net income...
A grasshopper is an insect and a spider is not an insect. Use De Morgans laws, the fact that (p q) (~ p q), the fact that, ~ (p q) (p ~ q) truth tables, or equivalent forms of the conditional...
Let X be a random variable taking on values a1, a2, . . . , pr with probabilities p1, p2, . . . , pr and with E(X) = μ. Define the spread of X as follows: This, like the standard deviation, is a...
The merchandise inventory would appear in the Current Assets section, as follows: Merchandise inventoryat lower of cost (FIFO) or market........... $10,320 Alternatively, the details of the method of...
Based on the data in Exercise 6-11 and assuming that cost was determined by the FIFO method, show how the merchandise inventory would appear on the balance sheet. Data from Exercise 6-11: On the...
If the working papers correlating with this textbook are not used, omit Problem 6-4B. Data on the physical inventory of Chiron Co. as of December 31, 2012, are presented in the working papers. The...
1-2. Draw graphs of the following functions using transformations: 1. y = 2x-1 x-2' 2. y log2x+1|- 3.
Assume a simultaneous open market purchase of 100 million from the Bank of England and a repayment of a discount loan of 5 million from Bank A to the Bank of England. Show the overall change in their...
Let 1 f(z) = (2-1)(x-2) Find the Laurent expansion of f about z = 0 in the region {ze C: 1

In the hotel industry, which type of forecast may often exceed 100%? a. Demand forecast b. Occupancy

Question:

Step by Step Answer:

a D...View the full answer

Managerial Accounting for the Hospitality Industry

Students also viewed these Business questions