Enforcing credit limits for guests staying on property

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Reference no: EM132302931

1. FOMs often serve as the hotel’s credit manager, thereby identifying and enforcing credit limits for guests staying on the property. Assume you are the GM at an expensive resort property. What criteria would you want your FOM to use to establish credit limits for your various guests? What communication would you want the front office to initiate with the guest who was close to exceeding, or had exceeded, his or her credit limit?

2. A company patented a new device. If commercializes it, the variable costs are about $7 per unit product, and fixed costs are about $56,000 per year. If the selling price is $25, how many units must be sold to break even? What’s the profit for Q=4000 units? How many devices must be sold to realize a profit of $20,000? What should the price to make a profit of $20,000 at quantity level Q=4000.

Reference no: EM132302931

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