Question

Missed charges account for approximately how much of gross revenue?

(A) 5%
(B) 10%
(C) 25%
(D) 45%

Answer 1

Missed charges account for approximately 5% to 10% of gross revenue for many businesses.

Step-by-step explanation:

Missed charges, or the amount of revenue that is not collected, can vary depending on the industry and specific circumstances. However, in general, it is estimated that missed charges account for around 5% to 10% of gross revenue for many businesses.

For example, a study conducted by The Revenue Management Association found that missed charges in the hospitality industry typically range from 5% to 10% of total revenue.

It's important for businesses to minimize missed charges by implementing effective revenue management and billing systems, and regularly auditing and reconciling financial records.