Which is one important purpose of a hotels rooms occupancy forecast? a. Helping to improve employee scheduling

Question:

Which is one important purpose of a hotel’s rooms occupancy forecast?

a. Helping to improve employee scheduling

b. Helping to manage the hotel’s cash flow

c. Identifying periods of low room demand

d. Identifying periods in which occupancy will exceed 100%

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

Briefly define the purpose of a hotel. Why is it important to empathize with the culture of guests?
One important decision that must sometimes be made by a hotel pertains to when to deny credit to a client or guest formerly allowed to charge purchases. What factors would influence your decision to...
Cost Behavior and Cost-Volume-Profit Analysis for Many Glacier Hotel The purpose of this integrated exercise is to demonstrate the interrelationship between cost estimation techniques and subsequent...
When developing cost functions, which of the following statements is FALSE? A. Personal observations of costs and activities provide the best evidence of a plausible relationship between a cost and...
Cowboy Development incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: Sale price of the...
If the total cost for producing widgets can be represented by $T C=8,000+0.75 X$, where $X$ is the number of widgets produced and total revenue can be represented by $T R=4.00 X$, what is the...
Shown below is part of a questionnaire used to determine consumer preferences for digital cameras. Set up a coding scheme for the following three questions (Q9, Q10, and Q11). Note that the first...
Sentry, Inc. was started on January 1, Year 1. Year 1 Transactions 1. Acquired $20,000 cash by issuing common stock. 2. Earned $62,000 of revenue on account. 3. On October 1, Year 1, borrowed $12,000...
The following table shows a data set and the number of times each point is misclassified during a run of the perceptron algorithm (with offset 00). 0 and 60 are initialized to zero. ix (i) y() times...
Table 1 shows Apple's online orders for the last week. When shoppers place an online order, several "recommended products" (upsells) are shown as at checkout an attempt to upsell See table 2 in cell...
When a hotels room revenue forecasts are consistently and unrealistically too low they a. Result in under-aggressive room rate determinations and rates that are set too low. b. Cause unrealistic high...
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
The Cutting Department of Sonoras Textiles had the following information about production and costs for the month of July: Beginning work in process, 9,200 units that are 100 percent complete as to...
Describe the main features of internal check suitable for a bank.
Describe the procedure for audit of (a) Departmental undertakings and (b) Statutory corporations.
What are the registers to be maintained by an insurance company?
State how an auditor should outline the programme suitable for a share transfer audit.
How an auditor of a bank is appointed?
A bicycle is moving at a speed of 15 m/s when the rider applies her brakes. The bicycle comes to a stop after moving forward another 20 m. Estimate the force of one of the bicycle brake pads on the...
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...
Ocean Atlantic Co. is a merchandising business. The account balances for Ocean Atlantic Co. as of July 1, 2012 (unless otherwise indicated), are as follows: During July, the last month of the fiscal...
On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item as shown in Exhibit 8. Exhibit 8:...
On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item as shown in Exhibit 8. Exhibit 8:...
Reflecting on the book Who Gets Promoted, Who Doesn't, and Why (Asher, 2008), answer the following questions in depth. Explain the statement, "all business is sales." What six things matter? If...
Reflecting on the book Who Gets Promoted, Who Doesn't, and Why (Asher, 2008), answer the following questions in depth. No matter what you have done in the past, the boss really doesn't care. Why?...
Do you think Richard Scrushy should have been found guilty or acquitted for his role in the case against HealthSouth? https://www.wsj.com/articles/SB111702610398942860

Which is one important purpose of a hotels rooms occupancy forecast? a. Helping to improve employee scheduling

Question:

Step by Step Answer:

a Helpin...View the full answer

Managerial Accounting for the Hospitality Industry

Students also viewed these Business questions