Blog

When a there is an inelastic demand to a hospitality product (i.e., rooms), in general,

A 100-room Glitto Holden Lodging establishment has an ADR of $80.00 with occupancy of 50.00% on daily basis. Glitto’s annual FC is $300,000 and VC is $476,000. Based on this operational data, what is Glitto’s annual occupancy percentage at breakeven (assume that ADR and occupancy % do not change throughout the year)?

What do you use to mend a pumpkin?

Carbohydrates include:  Select all that apply.

The difference between what was paid for goods and what should have been paid for goods is called __________________________.

Jerome, the catering manager at the City Center hotel, uses a specific time-series approach to forecast sales and to schedule the hotel staff. In order to run that specific time-series forecasting model, Jerome needs:

The electricity expense for a firm was budgeted as $2,100 but observed figures showed that the establishment spent $3,000 as an electricity expense. Calculate the relative variance of the electricity expense for this firm by indicating the variance condition (favorable or unfavorable).

The Karlton Inn has two revenue generating departments. In 2005, rooms department had $210,000 and catering department had $125,000 in revenues. According to the projections in 2006, total revenue generated from the rooms department is 5.00% higher than the one in 2005. Additionally, the projected catering department’s revenue in 2006 is 64.00% of the total catering revenues in 2005. What is the projected percentage change in total revenues in 2006 over 2005?

Why should dollar and relative differences be used jointly in variance analysis?

The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. How many cords of wood would he have to split with this machine to make a profit of $30,000?