BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Revenue-Direct Costs = Contribution
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Contribution-(Indirect Costs, Business Development, Support Functions Costs) = GOP
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Sales-Business Development = GOP
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People Development + Business Development = GOP
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Detailed explanation-1: -GOP = HOTEL REVENUE-OPERATING EXPENSES Calculating hotel GOPPAR is really simple, especially if you understand each component of the formula separately.
Detailed explanation-2: -How to calculate GOPPAR. GOPPAR is calculated by dividing the gross operating profit (GOP) by the number of available rooms in the hotel. This is similar to RevPAR except it eliminates fees and expenses from the revenue figure first.
Detailed explanation-3: -How do you calculate gross profit margin? The gross profit margin is calculated by subtracting direct expenses or cost of goods sold (COGS) from net sales (gross revenues minus returns, allowances and discounts). That number is divided by net revenues, then multiplied by 100% to calculate the gross profit margin ratio.