Roi formula Study guides, Class notes & Summaries

Revenue - ️️The total amount of sales achieved in a specified time period. Revenue is calculated as: - ️️Number of units sold x Unit Price What do effective managers of an organizations revenues must do these three things... - ️️-Understand the importance of revenue management -Understand the many complex factors that influence revenue management strategy and tactics -Become better at making revenue management decisions than their competitors Accountant's Profit Formula ...

What is the industry term used to describe the sum of prices paid by a business's customers? - Answer-Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Answer-Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Answer-Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - AnswerProfit What element is not present in a barter economy? - Ans...

What is the industry term used to describe the sum of prices paid by a business's customers? - Answer- Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Answer- Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Answer- Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Answer- Profit What element is not present in a barter eco...

Revenue - ANSWER-The total number of sales achieved in a specific time period. Calculated as: # of units x unit price= Revenue Accountants Profit Formula - ANSWER-Sales= Cost + Profit (Profit= Revenue- Expenses) Profit - ANSWER-The net value achieved by a seller and a buyer in a business transaction ROI (Return on Investment) - ANSWER-ROI= Owners Investment Return / Owners Original Investment Revenue Manager - ANSWER-The individual or team responsible for ensuring that a company p...

NASM Virtual Coaching Exam Prep Version 1 (Latest 2023/ 2024 Update) Questions and Verified Answers | 100% Correct| Grade A Q: Whether providing services in person or virtually a certified nutrition coach does not engage in which two practices? Answer: Meal planning and nutritional therapy Q: What are the cons of utilizing rebel technologies with more advanced features? Answer: There often more expensive and increased the complexity of use Q: If an ROI formula return...

What is the formula for determining income tax expense? Income tax expense= Gross profit x Tax rate What is the formula for determining a break-even point? Break-even point= Total cost/ Product or service sales price What is the formula for determining burn rate? Burn rate= Monthly starting balance - Monthly ending balance What is the formula for determining net profit? Net profit= Value of investment - Cost of investment What is the formula for determining a ...

Quality _______ is measured by how well the product or service successfully serves its users' purpose. E-commerce sales and door-to-door sales What are two examples of direct distribution channels? Middlemen Indirect distribution channels use _______ to sell their products to the end customers. Idea The first stage of the product/market fit is the ________ stage. prototype The second stage of the product/market fit is the ________ stage. launch The third...

ADR formula - ANSWER-Total Rooms Revenue / Total Rooms Sold Value proposition - ANSWER-when a seller communicates to a buyer a description of a product to be sold and the price at which that product will be sold Owners ROI formula - ANSWER-Owners Investment Return/ Owner's Original Investment Profit - ANSWER-net value achieved by both parties in a business transaction GOPAR formula - ANSWER-Total revenue - Management Controllable Expenses / Rooms Available to sell Destination mar...

What is the industry term used to describe the sum of prices paid by a business's customers - ANSWER-Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - ANSWER-Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit - ANSWER-Profit= Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - ANSWER-Profit What element is not present in a barter economy? -...

Supply Chain Management - the management of the chain of supplies buy it -> make it -> move it -> sell it -> service it - SCM Flows/Strategy 1. cost 2. quality 3. speed/time 4. flexibility - Competitive Priorities value (what i get/price) - customers perspective productivity (what i make/cost) - organization perspective 1. Procurement 2. Operations 3. Logistics - SCM Key Components Procurement (buy it) - process of obtaining services, supplies, and equipment in...