landscape is more competitive and more complicated than ever before. With revenue management’s recognized contribution to the industry and the majority of hoteliers employing revenue management as part of their overall hotel discipline now is the time to focus on core competencies that incorporate both strategic and tactical skills and initiatives. The paper presents a literature review of the key concepts of hotel revenue management (RM) and current state-of-the-art of its theoretical study. The
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NAME: DADA FEHINTOLUWA MATRIC: CSMS/2011/188 COURSE: POLITICS IN AFRICA COUSRE CODE: PSC 202 QUESTION ADOPT A COUNTRY AND STUDY IT COUNTRY STUDIED: NIGERIA INTRODUCTION Nigeria‚ officially the Federal Republic of Nigeria‚ is a federal constitutional republic comprising 36 states and its Federal Capital Territory‚ Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west‚ Chad and Cameroon in the east‚ and Niger in the north. Its
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Bath is considering two allocation bases for assignment of costs to departments: (1) square footage and (2) direct labor hours. The following data relate to the potential allocation bases: Production Dept. 1 Production Dept. 2 Square Footage 20‚000 30‚000 Direct Labor Hours 30‚000 20‚000 Calculate the costs allocated to the production departments using each allocation base. Comment on which allocation base is preferable.
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is a triangular distribution with a minimum of 5%‚ most likely of 17% and a maximum of 25%. Due to the continuous growth in the demand‚ the alternatives cannot be compared using just the data for 2010. An analysis is carried out for the time period 2011 to 2015 and the present worth of the net income is considered as the criteria to select the alternative. The analysis basically can be divided into 5 steps: * Forecasting demand for next five years‚ * Estimating capacity required‚ * Developing
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CHAPTER1 INTRODUCTION: The question of an acceptable formula for revenue sharing among the component tiers of the Nigerian nation is one of the most protracted and controversial debates in the political and macroeconomic management of the economy. This debate has its foundations in the history and evolution of the Nigerian federation. “Revenue allocation or the statutory distribution of revenue from the Federation Account among the different levels of government has been one of the most contentious
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3. The Revenue Cycle The revenue cycle is a set of four business activities: Sales order entry‚ shipping‚ billing and cash collections. To each of these activities there are related administrative organisational activities. It is all associated with providing the goods and services of a company to their customers and collecting the payments for these sales. Information about the revenue cycle activities also flows to the other accounting cycles which are: the expenditure cycle‚ the production
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Evaluate the effectiveness of the Australian legal system in recognising and protecting the changing nature of the family’. Society has often advanced quicker than the Legal system and often the Legal system tends to lag behind or sometimes has to tend to societal values. An area that the legal system seems to be addressing with respects to societal values is through recognising and protecting the changing nature of the family. The Australian Legal system has been moderately effective in recognising
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Social Science.http://www.jstor.org This content downloaded from 41.204.186.122 on Wed‚ 2 Oct 2013 11:21:25 AM All use subject to JSTOR Terms and Conditions ANNALS‚ AAPSS‚ 483‚ January 1986 Religion‚ Legitimacy‚ and Conflict in Nigeria By HENRY BIENEN ABSTRACT: Nigeria has not evolved political formulas that explicitly allow religion or religious authorities to define legitimacy. There have‚ however‚ been struggles carried out in religious terms over constitutional mechanisms for adjudicating conflict
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The revenue recognition principle is a foundation of accrual accounting and one of the main principles of GAAP. The revenue recognition principle is a set of guidelines that helps accountants to identify when a revenue event has taken place and how to appropriately record cash exchanges before‚ during‚ and after the revenue event. According to the revenue recognition principal‚ revenue must (1) be realized or realizable and (2) earned‚ in order to be recognized. According to the SEC revenue is realized
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your own words‚ define "revenues." Explain how revenues are different from "gains." b. Describe what it means for a business to "recognize" revenues. What specific accounts and financial statements are affected by the process of revenue recognition? Describe the revenue recognition criteria outline in the FASB’s Statement of Concepts No. 5. c. Refer to the Revenue Recognition discussion in Note 1. In general‚ when does Apple recognize revenue? Explain Apple’s four revenue recognition criteria. Do
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