1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ryzh [129]
2 years ago
7

in a revenue management system, forecasting, allocation, overbooking, and pricing must work in unison if the objective is to:

Business
1 answer:
sineoko [7]2 years ago
5 0

In a revenue management system; the forecasting, allocation, overbooking, and pricing must work in unison if the objective is to maximize the revenue generated by a perishable asset.

<h3>What is a revenue management system?</h3>

Basically, a revenue management system refers to a system that analyzes the combination of competitor rates, historical rates, market dynamics and inventory levels to predict demand and provide rate recommendations. A very good revenue management system will always automate the entire process and generate rates that can maximize revenue and profitability.

One of the example of use of Revenue Management is employed in the businesses of Hotel Management and the Airline Industry. The primary source of most revenue for hotels is found in their room rates and the revenue generated from the bookings is a simple multiplication of price and volume booked.

Read more about Revenue Management

brainly.com/question/28204332

#SPJ1

You might be interested in
On a separate sheet of paper, copy the multi- flow map below. organize information on how firms determine their total costs by c
larisa86 [58]

Answer:

The correct answer is the definition of fixed and variable costs.

Explanation:

The cost of production of a company can be subdivided into the following elements: rents, wages and wages, depreciation of capital goods (machinery and equipment, etc.), the cost of raw materials, interest on operating capital , insurance, contributions and other miscellaneous expenses. Different types of costs can be grouped into two categories: fixed costs and variable costs.

Fixed costs

The fixed costs are those that the company necessarily has to incur when starting its operations. They are defined as costs because in the short and intermediate term they remain constant at different levels of production. As an example of these fixed costs, executive salaries, rents, interest, insurance premiums, depreciation of machinery and equipment and property taxes are identified.

Variable costs

Variable costs are those that vary with the volume of production. The total variable cost moves in the same direction of the production level. The cost of raw material and the cost of labor are the most important elements of variable cost.

The decision to increase the level of production means the use of more raw material and more workers, so the total variable cost tends to increase production. The variable costs are, then, those that vary as production varies.

5 0
3 years ago
Mufala, Inc., will issue $10,000,000 of 6% 10-year bonds. The market rate for bonds with similar risk and maturity is 8%. Intere
zubka84 [21]

Answer:

the issue price of the bond is $8,640,999

Explanation:

The computation of the issue price of the bond is shown below:

Particulars                       Amount       PV factor   Present value  

Semi-annual Interest     $300,000     13.59033  $4,077,099  

Principal                         $10,000,000  0.45639  $4,563,900  

Issue price of the bonds                                        $8,640,999

Therefore the issue price of the bond is $8,640,999

4 0
4 years ago
The financial statements for Highland Corporation included the following selected information:
ICE Princess25 [194]

Answer:

a. Additional paid-in capital:

= Amount received from shares issued - Common stock

= (33 per share * 93,000) - 465,000

= $2,604,000

b. Beginning retained earnings:

Ending retained earnings = Beginning retained earnings + Net income - Dividend

830,000 = Beginning retained earnings + 1,120,000 - 720,000

Beginning retained earnings = 830,000 - 1,120,000 + 720,000

= $430,000

c. Treasury stock:

= Shares issued - Shares outstanding

= 93,000 - 65,000

= 28,000 shares

4 0
3 years ago
You plan to invest $2,500 in a money market account which will pay an annual stated interest rate of 8.75 percent, but which com
Darya [45]

Answer:

$2,728.40

Explanation:

Given:

Amount invested in a market = $2,500

Annual interest rate = 8.75%

also, The interest is compounded weekly

and there are 52 weeks in an year

Therefore, the interest rate when compounded weekly = \frac{\textup{8.75}}{\textup{52}}

or

Interest rate, r = 0.168% = 0.00168

Thus,

The ending balance = Principle × ( 1 + r )ⁿ

here, n is the duration i.e 52 weeks

therefore,

The ending balance = $2,500 × ( 1 + 0.168 )⁵²

or

The ending balance = $2,728.40

8 0
3 years ago
Vision is all of the following except
Kisachek [45]
Answers how will our employees behave
6 0
4 years ago
Read 2 more answers
Other questions:
  • When food lion grocery stores offer milk and eggs at all of its locations, it is providing customers with ____ utility.
    6·1 answer
  • Fargo Inc. is a carbonated beverage manufacturer that has many manufacturing plants around the world. It is planning to shift fr
    7·2 answers
  • One of the reasons Omega Distributors, a local manufacturing company, is considered a good place to work is that the managers en
    6·1 answer
  • Your firm needs to invest in a new delivery truck. the life expectancy of the delivery truck is five years. you can purchase a n
    11·1 answer
  • Which of the following is an aspect of the Project Life cycle Select one: Value to the business being assessed and product innov
    12·1 answer
  • Retirement Investment Advisors, Inc., has just offered you an annual interest rate of 4 percent until you retire in 40 years. Yo
    6·1 answer
  • A corporation that transfers restricted stock to an employee as compensation may deduct the stock’s fair market value in the yea
    13·2 answers
  • Monopolies are inefficient compared to perfectly competitive firms because monopolies produce output with average total cost exc
    9·1 answer
  • Challenge question: Home mortgages use amortization schedules, but the principal balance might be 10 or 100 times larger than Ja
    8·1 answer
  • In a research program that was conducted at the University of Michigan, it was found that relationship-oriented behavior also ma
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!