Revenue Essays

  • Tax Revenue In Malta

    761 Words  | 4 Pages

    The Inland Revenue Department (or IRD in short), is responsible for the government’s tax revenue in Malta. It is the IRD’s duty to keep records of and administer daily the Income Tax and the Capital Transfer Duty and enforce the Social Security Contributions, by order of the Ministry of Finance. Analysing a time-series data of the Maltese government’s tax revenue throughout the years, mostly in the past 25 years, we could obtain some important information regarding any changes and trends in the tax

  • Advantages Of Ipl Revenue Model

    1434 Words  | 6 Pages

    VIABILITY OF THE REVENUE MODEL The revenue model of the IPL seems to be strong, but this model must be healthy enough so that franchises can make profits because they have invested a huge amount of money in this event. However the actual situation is bit hard. As per the statistics no team had made profit till FY 2010-11. In FY 2011-12 also only two IPL teams Kolkata Knight Riders and Rajasthan Royals had posted profit of 10.4 crores and 5.72 crores respectively. In FY 2012-13 again these two

  • Dynamic Pricing In Revenue Management

    1906 Words  | 8 Pages

    Introduction and Literature Review Revenue management is a scientific method that helps firms to improve profitability of their business. For many years, firms use revenue management to predict demand, to replenish inventory, and to set the product price. The benefit of revenue management can been found in a variety of industries, including airlines, hotels, and electric utilities. Dynamic pricing is a popular method of revenue management, especially when a firm needs to sell a given stock by a deadline

  • Revenue Management Model

    985 Words  | 4 Pages

    In a present study done by Ballestero, Serrano, Domecq (2014) show how revenue management models have been implemented and the issues faced by them. The first model proposed by Jones and Hamilton (1992) divided revenue management into seven phases, from development of RM culture to evaluation. This model however neglected to recognize key and strategic movements and made no earning for customer relationship, in spite of the fact that it did mirror the significance of HR in the process and broke

  • Revenue Management In Binondo

    1734 Words  | 7 Pages

    think about that, you’ll do things differently.” If the guests are satisfied, they will surely comeback at the hotel. If the hotel has loyal customers, it leads for the company’s success and gain high revenue. To manage their business more effectively and have competent people the company will grow. Revenue management will follow through if

  • Tax Revenue In The Philippines

    1565 Words  | 7 Pages

    Introduction Tax collection has been one of the primary instruments of the state in raising tax revenues needed to finance its spending; in carrying out its plans and objectives for economic growth and development, among other things. Revenues collected in taxes can be generated nationally or locally; with the implementation of the Local Government Code of 1991, the local fiscal administration has been able to exercise its power in creating measures for an effective income generation. The main

  • Importance Of Airlines Revenue

    967 Words  | 4 Pages

    Ancillary revenue is generally defined as revenue which derived from sources other than the flight ticket which customer’s purchased. It is as well named additional revenue for instance a-la-carte items such as baggage free, on board food/beverages, priority, etc.; also other third party ancillary components such as hotel, car rental, travel insurance, etc. The old saying one size fits all has since long terminated, uneven in the airline industry. Airlines which are successful in this kind of interesting

  • Tax Revenue In Nigeria

    1630 Words  | 7 Pages

    SCHOOL OF BUSINESS & ACCOUNTANCY, UNIVERSITY OF MALAYA, KUALA LUMPUR, MALAYSIA IN SUPPORT OF THE ADMISSION INTO PhD RESEAARCH PROGRAMME FIELD OF RESEARCH: ACCOUNTING, TAXATION & FISCAL POLICY TOPIC OF RESEARCH: TAX REVENUE AND ECONOMIC GROWTH: THE NIGERIA EXPERIENCE (2000-2019) Introduction Tax is a compulsory charge imposed by a public authority on the income and properties of individuals and companies as stipulated by the government decree or Acts or laws irrespective

  • Importance Of Revenue Forecasting

    855 Words  | 4 Pages

    5 Ways to Make Revenue Forecasting To have a great Business running for your organization, it's very important to plan and prepare for the future. Depending on the kind of business the organization is going into, future preparations to its development should be made accordingly. So, in what ways can these plans be made? How can an entrepreneur or firm begin preparing for the future of their business? One of the things an entrepreneur should do before setting up any kind of establishment is to think

  • Revenue Management In Restaurant

    2000 Words  | 8 Pages

    “Poverty is a human-engineered product per excellence. It results primarily from inequitable distribution of national revenues coupled with escalating levels of corruption and mismanagement of national resources.” By Moutasem Algharati. Demand and supply is a concept in economy. Also, it is a strategy in the marketing. Business people use this idea to design and make ideas to make profit. To make a business, there are several ways must be care, such as, service, pricing, working environment and

  • Disadvantages Of Revenue Management

    752 Words  | 4 Pages

    brief introduction about revenue management, advantages and dis-advantages of revenue management for the employees, customer and organization. Revenue management is also known as yield management. ”Selling the right product, to the right person, at the right time, at the right price, through the right channel”. It is one of the most used technique in order to increase the room rates and most profitable guest. This technique was adapted from the airline industry. Revenue management helps the hoteliers

  • Hotel Revenue Management

    795 Words  | 4 Pages

    The objective of this paper is to investigate how revenue booking can be increased. Revenue Management (RM) is an important tool with well-accepted benefits and a rich analytical research stream ( Queenan ,2011). Briefly, revenue management is a controller to manage the hotel revenue, if the hotel revenue are decrease, all of staff would be involved, the stock price will be decreased to damage the stockholder’s dividends and benefits, and then the hotel would be cut the unnecessary event or decrease

  • Issues In Revenue Management

    1469 Words  | 6 Pages

    Management Issues Related to Revenue Management According to Robert Cross, the pioneer of airline revenue management (RM), “Revenue Management ensures that companies will sell the right product to the right customer at the right time for the right price”. Revenue Management executes the fundamental standards of supply and demand economics in a strategic manner to produce incremental incomes. There are three vital conditions for income administration to be material: • Fixed amount of inventory available

  • Advantages Of Revenue Management

    2457 Words  | 10 Pages

    Revenue management is a scientific method that helps firms to improve profitability of their business. For many years, firms use revenue management to predict demand, to replenish inventory, and to set the product price. The benefit of revenue management can be found in a variety of industries, including airlines, hotels, and electric utilities. Dynamic pricing is a popular method of revenue management, especially when a firm needs to sell a given stock by a deadline. The goal of dynamic pricing

  • Case Study 3.1 Downssizing Cafeteria Plan

    922 Words  | 4 Pages

    or salads at an average price of $3.00 each, plus an additional $200 for beverages and desserts. The cost of all cafeteria supplies is 60% of revenues. May is willing to continue to subsidize the reduced operation but will not spend more than 20% of the current subsidy. The current cafeteria plan is projected as follows: Current Cafeteria Plan Annual revenues {[(100 entrées  $4) + (80 salads/sandwiches  $3) + $200 beverages/dessert]  250 days} $210,000 Annual cost

  • Profit Maximisation And Wealth Maximization

    1038 Words  | 5 Pages

    What is profit maximization? By profit, we mean the gaining from the business activities for the benefit of the owners of the business. Profit = Total Revenue – Total Cost Total Revenue is the total amount the company earns from it’s business activities and total cost is the cost incurred by the business in various production, and other business activities. Profit is the measure of the activities of the business, cost of staying in the business and and the cost for future business capital supply

  • Role, Objectives And Limitations Of Financial Accounting

    734 Words  | 3 Pages

    Performance It checks on the performance of the business in regards to revenue generation within the accounting period (White, Sondhi & Fried, 2003). The analysis is facilitated by the provision of revenue and expense records. The business performance is evaluated by measuring the profit or loss incurred by the business. Profit is calculated by subtracting the total expenses from the total revenue made by the business. Revenue is the amount of finance generated by the business from its’ normal activities

  • Advantage Of Effective Budgeting

    1633 Words  | 7 Pages

    Benefits of Effective Budgeting Source; Author’s work based on Horngren, et al. (2008) Organization budgeting may fall into between extremities. Either the organization assumes the previous year activities would be the same as the budgeted activities, or the organization could assume ZBB, that will not adopts the current activities to continue. Either way, this encourages managers to evaluate the current activities and may modify, add or remove activities (Horngren, et al., 2008). Thus, optimizing

  • Clipboard Tablet Case Study

    1789 Words  | 8 Pages

    had made $528M in revenue under Joe. Clearly, it was too early to discontinue the product at this time and perhaps lowering the price would have been a better choice. This year proves even more that the X6 should have remained at the price of $430, since Joe’s price outperformed it. While the X7 had the same price point in both strategies, Joe’s seemed to slightly do better. In the last year, both the X6 and X7 did better than Joe. In fact, the X6 did almost $300M more in revenue. Even with a higher

  • Analog Devices Case Analysis

    1108 Words  | 5 Pages

    product delivery to the customers, increase in number of process defects and decrease customer satisfaction. The company had adopted Total quality management as a strategy in the year 1983 to improve quality issues and witnessed a significant rise in revenue. Though TQM had helped the company to achieve profits there was acceptance from management for TQM was very less. However