Answer:
(a) 26 enrolls
(b) 93
(c) $116.3
Explanation:
No. of students required to cover rental charges:
= $1,700 ÷ $75 (charge per student)
= 22.6
= 23
Other charges $7 per pupil for 23 pupils it will charge:
= $7 × 23
= $161
For hiring assistants it cost $5 per child for 23 kids it will charge:
= $5 × 23
= $115
Total charges incurred for 23 kids:
= $1,700 + $161 + $115
= $1,976
(a) For break even situation molly and Kathleen need 26 enrolls .
(b) Expenses + profit margin
= $1,976 + $5,000
= $6,976
No. of enrolls required to make $5,000 profit:
= $6,976 ÷ 75
= 93
(c) Amount to be charged to make $5000 profit:
= $6,976 ÷ 60
= $116.3
Hannah and Kathleen need to enroll a minimum of 34 pupils to break even. To make a profit of $5,000, they need to enroll 84 pupils. If they can only enroll 60 pupils, they need to charge each one $130 to achieve their profit goal.
Explanation:In order to answer this question, we first need to determine the total costs and revenues. Costs include the cost of renting the pool ($1,700) and the cost per student for admission, towel service, lifeguarding fee, and hiring assistants ($12 per student). Revenue is simply the amount they charge each pupil ($75).
For part (a), to calculate the break-even point, we set revenue equal to costs. So we have: $75 * X = $1,700 + $12 * X. Solving for X gives us X=34. So, Hannah and Kathleen need to enroll at least 34 pupils to break even.
For part (b), we need to make $5,000 profit on top of breaking even. So we solve: $75 * X = $1,700 + $12 * X + $5,000. This gives X=84. They need to enroll 84 pupils to make a profit of $5,000.
For part (c), if they can only enroll 60 pupils, they need to increase the charge per pupil. So we solve: 60 * Charge = $1,700 + $12 * 60 + $5,000. Solving for Charge, we get $130. So, they need to charge $130 per pupil to attain their profit goal of $5,000.
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There is a production possibilities frontier (PPF) that shows the combinations of goods X and Y that can be produced in the economy. The point where the PPF touches the good-X axis is at 40 units of good X and the point where the PPF touches the good-Y axis is at 60 units. As a result of an increase in resources that can be used for the production of both goods, the PPF a.shifts leftward, and the point at which the PPF touches the good-X axis has to be something less than 40 units of good X. b.shifts rightward, and the point at which the PPF touches the good-X axis has to be something more than 40 units of good X and the point at which the PPF touches the good-Y axis has to be something more than 60 units. c.shifts leftward, and the point at which the PPF touches the good-X axis has to be something less than 40 units of good X and the point at which the PPF touches the good-Y axis has to be something less than 60 units. d.shifts rightward, and the point at which the PPF touches the good-X axis has to be something more than 40 units of Y and the point at which the PPF touches the good-Y axis has to be something less than 60 units. e.none of the above
An increase in production resources expands an economy's production possibilities, shifting the PPF rightward and increasing the potential units of both goods above their initial values.
Explanation:The production possibilities frontier (PPF) reflects the maximum combination of goods an economy can produce given its resources and technology. When there is an increase in resources that can be used for the production of both goods, the PPF actually shifts rightward. This results in an increase in the potential production of both goods. Consequently, the point at which the PPF touches the good-X axis has to be something more than 40 units of good X and the point at which the PPF touches the good-Y axis has to be something more than 60 units. Therefore, the correct answer is option b.
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The following information is from the 2015 records of Armand Camera Shop: Accounts Receivable, December 31, 2015 $40,000 (debit) Allowance for Doubtful Accounts, December 31, 2015 prior to adjustment 1,500 (debit) Net credit sales for 2015 175,000 Accounts written off as uncollectible during 2015 15,000 Cash sales during 2015 27,000 Bad debts expense is estimated by the percent-of-sales method. The management estimates that 3% of net credit sales will be uncollectible. Calculate the amount of bad debts expense for 2015 and prepare the Journal Entry.
Answer:
$5,250
Explanation:
The computation of the bad debt expense for year 2015 is shown below:
= Net Credit sales × uncollectible percentage given
= $175,0000 × 3%
= $5,250
Under the percent-of-sales method, simply we multiplied the net credit sales by the uncollectible percentage given so that the bad debt expense could have come. All other information given is of no significance. So, ignored it
Answer:
Boxed
Explanation:
The Miller model begins with the MM model with taxes and then adds personal taxes. True or False?
Answer:
The statement is: True.
Explanation:
The Modigliani-Miller (M&M) Theorem is used in financial and economic studies to analyze the value of a firm such as a business or a corporation. The M&M theorem states that a firm's value is based on its ability to earn revenue plus the risk of its underlying assets. Thus, the way a company finances its operations should not affect its value.
When it comes to taxes, the M&M theorem states that the capital structure of a company is not affected when there are no taxes. The theorem starts with the corporate taxes to then relate the approach to personal taxes.
One of the big differences that David Rupel sees between planned vs followed story is___________.
a. emotional investment of the participants.
b. the amount of writing involved.
c. length of shooting schedule.
d. production costs.
The big difference between planned stories and followed stories that David Rupel highlights is option A) the emotional investment of the participants due to the chronological filming sequence in planned stories and the reactive, real-time unfolding of events in followed stories.
One of the big differences that David Rupel sees between planned versus followed story is option A) the emotional investment of the participants. In the case of a planned story, especially for films, sequences might not be shot chronologically, creating challenges for actors who cannot use the character's personal journey throughout the story to fuel their emotional status at different points. The director must have a specific vision and detailed knowledge of the opportunities unique to filmmaking, including the use of technical elements like various cameras, lenses, and CGI.
In contrast, followed stories, such as those in documentaries, involve capturing events as they occur. This reactive type of filming requires flexibility and the ability to adapt to changing circumstances, often resulting in a strong emotional investment from all participants as the narrative unfolds naturally. This can lead to a different emotional dynamic compared to planned stories precisely because the participants are experiencing and reacting to events in real time.
If an unregulated electric company is a monopolist and faces demand of Q = 50 - 10P. It has a constant marginal cost of 1 and must pay an environmental fee to the government of 0.2 per unit of output.
In this situation, the profit-maximizing level of output is:
a)5 b)10 c)20 d)50
Answer:
correct option is profit maximizing level is c)20
Explanation:
given data
faces demand Q = 50 - 10P
marginal cost = $1
environmental fee = $0.2 per unit
solution
we know Q = 50 -10P
so P = 5 - 0.1Q
total Marginal Cost will be environmental fee + marginal cost
here TR Total Revenue that is = P × Q
TR = 5Q - 0.1Q²
Marginal Revenue (MR) is = [tex]\frac{dTR}{dQ}[/tex]
MR = [tex]\frac{50-2Q}{10}[/tex]
and
total marginal cost = $0.2 + $1 = $1.2
so
total marginal cost = marginal cost
$1.2 = [tex]\frac{50-2Q}{10}[/tex]
Q = 19 = 20
so correct option is profit maximizing level is c)20
Elite Trailer Parks has an operating profit of $282,000. Interest expense for the year was $39,200; preferred dividends paid were $29,500; and common dividends paid were $40,900. The tax was $61,700. The firm has 25,800 shares of common stock outstanding.
a. Calculate the earnings per share and the common dividends per share for Elite Trailer Parks
b.What was the increase in retained earnings for the year?
Answer:
(a) $5.87 per share ; $1.585 per share
(b) $110,700
Explanation:
(a) Earnings per share:
= (Operating profit - Interest expense - tax - preferred dividends) ÷ common stock outstanding
= ($282,000 - $39,200 - $61,700 - $29,500) ÷ 25,800
= $151,600 ÷ 25,800
= $5.87 per share
Common dividends per share for elite trailer parks:
= Dividend paid ÷ common stock outstanding
= $40,900 ÷ 25,800
= $1.585 per share
(b) The increase in retained earnings for the year:
= $151,600 - common dividend paid
= $151,600 - $40,900
= $110,700
The earnings per share for Elite Trailer Parks is $10.93 and the common dividends per share is $1.59. The increase in retained earnings for the year is $211,600.
Explanation:To calculate the earnings per share, we need to divide the operating profit by the number of shares outstanding. In this case, the operating profit is $282,000 and the number of shares outstanding is 25,800. So the earnings per share would be $282,000 / 25,800 = $10.93.
To calculate the common dividends per share, we need to divide the common dividends paid by the number of shares outstanding. In this case, the common dividends paid were $40,900 and the number of shares outstanding is 25,800. So the common dividends per share would be $40,900 / 25,800 = $1.59.
The increase in retained earnings can be calculated by subtracting the total dividends paid (preferred dividends + common dividends) from the operating profit. In this case, the preferred dividends paid were $29,500 and the common dividends paid were $40,900. So the total dividends paid would be $29,500 + $40,900 = $70,400. Therefore, the increase in retained earnings would be $282,000 - $70,400 = $211,600.
You were planning to spend Friday working at your part-time job, but a friend asks you to go kayaking.
Which of the following are included in the true cost of going kayaking?
a. The cost of your endurance splash pants you purchased last year
b. The fee for accessing the river in a national park
c. The wages you forgo by going kayaking
d. The rental of any kayak equipment you need
Answer:
b. The fee for accessing the river in a national park
c. The wages you forgo by going kayaking
d. The rental of any kayak equipment you need
Explanation:
True cost includes all the cost incurred in kayaking and opportunity cost. All the costs incurred in kayaking includes :
The fee for accessing the river in a national park
The rental of any kayak equipment you need.
The opportunity cost of kayaking is: The wages you forgo by going kayaking.
I hope my answer helps you
Thompson Company utilizes the LIFO retail inventory method. Its cost-to-retail percentage is 50% based on beginning inventory and 55% based on current-period purchases. The company determined that during the current period a new layer was added with retail value of $100,000. The new layer at cost should be____________.
Answer:
the most recent purchase
Explanation:
The new layer at cost should be____________. the most recent purchases.
LIFO assigns an amount to cost of goods sold on income statement that approximates its current cost , it also better matches the current costs with revenues in computing gross profit.
LIFO Last in First Out is the method in which inventories are valued assuming that the most recent purchases have been sold out first. When LIFO is used with the periodic system ,cost of goods sold is assigned costs from the most recent purchases.
Answer:
$55,000
Explanation:
$100,000 x 55%
Castle Black Camping is twice as risky as the average stock. The market should earn 11% and the risk free rate is 2%. What is a fair return for CBC? (20%)
Answer:
Explanation:
Risk free rate=2%
Beta = 2
Rm =11%
Risk premium Rm = rm - rf
Fair return= risk free rate + beta *(market return- risk free rate)
= rf+b*(rm-rf)=rf + b * (Risk Premium)
=0.02 + 2 * (0.11 - 0.02)
=0.2
= 20%
A fair return for CBC is 20%.
A lender lends $18,600, which is to be repaid in annual payments of $3100 for 6 years. Which of the following shows the timeline of the loan from the lender’s perspective?
A) Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
-$18,600 $3,100 $3,100 $3,100 $3,100 $3,100
B) Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
0 $3,100 $3,100 $3,100 $3,100 $3,100
C) Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
-$18,600 $3,100 $3,100 $3,100 $3,100 $3,100 $3,100
C) Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
-$18,600 $3,100 $6,100 $8,100 $8,100 $9,100 $10,100
Answer:
The correct option is option C
$18,600 $3,100 $3,100 $3,100 $3,100 $3,100 $3,100
Explanation:
Year0- $18600
Year1 - $3100
Year2 - $3100
Year3. $3100
Year5. $3100
Year6. $3100
That is the timeline of the loan from the lender's perspective.
The correct timeline representation of the loan from the lender's perspective is Options A. In Year 1, the lender provides $18,600 then starts receiving annual payments of $3100 from Year 2 to Year 6.
Explanation:The correct option to display the timeline of the loan from the lender's perspective is Option A. Option A correctly details how the lender provides $18,600 at the start (Year 1) as a negative amount representing a disbursement (money out). Afterward, the lender starts receiving payments of $3100 each year (money in), from Years 2 to 6. Each annual payment accruing to the lender is represented as positive value. Keeping these aspects in accordance, the timeline of the loan from the lender's perspective would look like this:
Year 1: -$18,600Year 2: $3,100Year 3: $3,100Year 4: $3,100Year 5: $3,100Year 6: $3,100Learn more about Loan Timeline here:https://brainly.com/question/32810482
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Microeconomics and macroeconomics Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics The effects of government tax policy on long-term economic growth A consumer's optimal choice when buying a flat-screen TV A firm's decision about the size of its new factory
Answer:
Micro Economics - 2 & 3 ; Macro Economics - 1
Explanation:
Micro Economics studies the behaviour of individual consumers, firms & industries. Eg : A good's demand.
Macro Economics studies the Economy as a whole. Eg : Aggregate Demand
2 & 3 : A consumer's optimal choice when buying a flat-screen TV , A firm's decision about the size of its new factory - are about a single consumer , a single firm. They are hence Micro Economics topics.
1 : The effects of government tax policy on long-term economic growth - is impact of macro economics topic 'budget' on entire economy's growth. They are hence Macro Economics topics.
The effects of government tax policy on long-term economic growth is Macroeconomics. A consumer's optimal choice when buying a flat-screen TV and A firm's decision about the size of its new factory is Microeconomics.
In general, microeconomics focuses on individual economic agents such as consumers, firms, and markets, analyzing their behavior and decision-making.
Macroeconomics, on the other hand, deals with the overall functioning of the economy as a whole, including aspects like national income, economic growth, inflation, and government policies that affect the aggregate economy.
Microeconomics is a branch of economics that studies the behavior of individual economic units, such as households, firms, and consumers, and the interactions between them in specific markets. It focuses on the analysis of individual choices, their impact on resource allocation, and the determination of prices and quantities in various markets.
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Given an interest rate of 4 percent per year, what is the value at date t = 5 of a perpetual stream of $2,400 payments that begins at date t = 10? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Perpetuity value $
The value at date t = 5 of a perpetual stream of $2,400 payments that begins at date t = 10 is $60,000.
Explanation:To find the value at date t = 5 of a perpetual stream of $2,400 payments that begins at date t = 10, we can use the formula for the present value of a perpetuity. The perpetuity formula is:
V = PMT / r
Where V is the present value, PMT is the payment amount, and r is the interest rate. In this case, PMT = $2,400 and r = 4% or 0.04. Plugging these values into the formula:
V = $2,400 / 0.04 = $60,000
Therefore, the value at date t = 5 of a perpetual stream of $2,400 payments that begins at date t = 10 is $60,000.
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Final answer:
The present value at date t=5 of a perpetuity with annual payments of $2,400 beginning at t=10 and an interest rate of 4% is $49,319.48.
Explanation:
The question asks us to calculate the present value of a perpetuity beginning at t=10 with annual payments of $2,400 and an interest rate of 4%. A perpetuity is an annuity that has no end, or a stream of cash flows that continues forever.
To find the value at t=5 of this stream, we first calculate the present value of the perpetuity beginning at t=10 and then discount that value back to t=5. The formula for the present value of a perpetuity starting at a future date is given by:
Present Value of Perpetuity = Payment / Interest Rate
Thus, the present value at t=10 is:
Present Value at t=10 = $2,400 / 0.04 = $60,000
To discount this value back to t=5, we use the formula:
Present Value = Future Value / (1 + Interest rate)numbers of years
Substituting the values we get:
Present Value at t=5 = $60,000 / (1 + 0.04)⁵
Calculating the above expression:
Present Value at t=5 = $60,000 / (1.04)⁵ = $60,000 / 1.2166529 = $49,319.48
Therefore, the value at date t=5 of the perpetuity is $49,319.48.
A factory costs $420,000. You forecast that it will produce cash inflows of $100,000 in year 1, $160,000 in year 2, and $260,000 in year 3. The discount rate is 10%. a. Calculate the PV of cash inflows. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value $ b. Is the factory a good investment? Yes No
Answer:
$418,482.34
No
Explanation:
The present value of Cash flows can be found by discounting the cash flows at the discount rate.
The formula can be found by using the formula in the attached image.
The present value can be found using a financial calculator:
Cash flow in year 0 = $0
Cash flow in year 1 = $100,000
Cash flow in year 2 = $160,000
Cash flow in year 1 = $260,000
I = 0%
PV = $418,482.34
The investment is not a good investment because the present value of the cash flows is less than the cost of the investment. The cash flows from the investment would not he enough to recover the amount invested.
I hope my answer helps you.
Jon is always willing to trade one can of Coke for one can of Sprite, or one can of Sprite for one can of Coke.
What can you say about Jon's marginal rate of substitution?
Answer:
For each can of soda he gets one in return.
Explanation:
If he gets one soda for another the logical answer is that for each trade he gets a soda but it also could mean that those are his two favorite.
Jon's marginal rate of substitution is 1 because Jon sacrificed 1 unit of Coke for one of sprite cane.
What is a marginal rate of substitution?
As long as the new good is equally fulfilling, a customer will consume more of one good than another, which is known as the marginal rate of substitution (MRS). To examine customer behavior, MRS is employed in the indifference hypothesis.
The calculation for the marginal rate of substitution = change in one good divided by change in another good.
= one cane of Coke divided by one cane of Sprite = 1
Thus, The indifference theory uses MRS to examine customer behavior. Jon sacrificed 1 unit of Coke for 1 sprite cane, therefore his marginal rate of substitution is 1.
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Access the FASB Accounting Standards Codificationat the FASB website(asc.fasb.org).Required: 1.Identify the Codification topic number that provides guidance on fair value measurements.2.What is the specific citation that lists the disclosures required in the notes to the financial statements for each major category of assets and liabilities measured at fair value?3.List the disclosure requirements
Answer:
Answer to question 1: FASB ASC 820 : The topic tile is "Fair value measurement and disclosure"
The answer to question 2: FASB ASC 820 - 10 - 50 - 2 : Fair Value Measurement And Disclosure As Regards To Overall Disclosure
Explanation:
To fully understand the concept of the answers aforementioned, let us define the abbreviated terms.
FASB: This stands for Financial Accounting Standard Board
This is a a private and non-profit organization whose purpose is to set standards and regulate the financil industry in respect to codes and conduct. Part of the body primary objective is to also establish and improve Generally Accepted Accounting Principles within the United States in the interest of the general public.
Indian GDP in 2010 was 78.9 trillion rupees, whileU.S. GDP was $14.5 trillion. The exchange rate in 2010 was 45.7 rupees per dollar. India turns out to have lower prices than the United States (this is true more generally for poorcountries): the price level in India (converted to dollars) divided by the price level in the United States was 0.368 in 2010.
(a) What is the ratio of Indian GDP to U.S. GDP if we dont take into account the differencesin relative prices and simply use the exchange rate to make the conversion?
(b) What is the ratio of real GDP in India to real GDP in the United States in commonprices?
(c) Why are these two numbers different?
Answer:
Explanation:
a )
Ratio of GDP on the basis of exchange rate :
GDP of india / GDP of united states
= 78.9 x 10¹⁸ x 1 / 14.5 x 10¹⁸ x 45.7
= 0.12
b )
Ratio of GDP on the basis of commonprices :
GDP of india / GDP of united states
= (78.9 x 10¹⁸ / 14.5 x 10¹⁸ ) x ratio of price level
= (78.9 / 14.5) x .368
= 2
c ) These two numbers are different because the exchange rate of currency
is controlled by price level in two countries but exchange rate is also influenced by many other factors including price level . So ratio of price level and exchange rate are different. Exchange rate is also influenced by speculative demand , foreign exchange reserve etc.
Enzo Design Corporation reports the following cost information for March: Cost of Goods Manufactured $ 85 comma 000 Finished Goods Inventory, March 1 4 comma 000 Finished Goods Inventory, March 31 2 comma 650 Work-in-Process Inventory, March 1 9 comma 680 Work-in-Process Inventory, March 31 1 comma 000 Direct Labor 36 comma 000 Direct Materials Used 16 comma 850 What is the amount of manufacturing overhead incurred by the company in March? A. $ 40 comma 320 B. $ 23 comma 470 C. $ 148 comma 530 D. $ 22 comma 470
Answer:
Explanation:
Cost of goods manufactured is 85000
Deduct Direct labour (36300)
Deduct Direct Material used (16900)
Add Ending WIP (1000)
Deduct Beginning WIP (9670)
⇒ Manufacturing OH (23130)
What is the net present value of the following stream of cash flows if the discount rate is 11.5%?
O Year 0:-$379 M
O Year 1: $105 M
O Year 2: $78 M
O Year 3: $79 M
O Year 4: $65 M
O Year 5: $65 M
Answer:
-$86.05
Explanation:
The computation of the net present value is shown below:
Year Cash flow Discount factor @11.5 Present value
0 $379 M 1 -$379 M
1 $105 M 0.8968609865 $94.17 M
2 $78 M 0.8043596292 $62.74 M
3 $79 M 0.7213987706 $56.27 M
4 $65 M 0.6469944131 $42.05 M
5 $65 M 0.5802640476 $37.72 M
NPV -$86.05 (Difference)
The discount factor should be computed below
= 1 ÷ (1 + rate) ^ years
Final answer:
To find the net present value (NPV) at an 11.5% discount rate, calculate the present value of each future cash flow by dividing it by (1 + discount rate) raised to the power of the year, then sum all these present values.
Explanation:
The net present value (NPV) of a stream of cash flows is a financial calculation used to determine the value of a series of future cash flows by discounting them back to their value in today's dollars. When discounting each cash flow, we divide by (1 + discount rate) raised to the power of the period number.
To calculate the NPV of the given cash flows at an 11.5% discount rate, we use the formula NPV = Σ (Cash Flow / (1+rate)^n) where Σ denotes the sum over the cash flows, rate is the discount rate, and n is the year of the cash flow.
Let's calculate the NPV step by step:
Year 0 cash flow is already in today's dollars, so it's simply -$379M.Year 1: $105M / (1.115)¹Year 2: $78M / (1.115)²Year 3: $79M / (1.115)³Year 4: $65M / (1.115)⁴Year 5: $65M / (1.115)⁵The NPV is the sum of these discounted cash flows. Finally, compare the NPV to the initial investment to determine if the project is financially viable. If the NPV is positive, it typically means that the project's return exceeds the discount rate, making it a potentially good investment.
Owen and Jessica own and operate an S corporation. Each is a 50% owner. The business reports the following results:
Business revenue $ 225,000
Business expenses 88,000
Investment expenses 16,000
How do Owen and Jessica report these items for tax purposes?
A. $137,000 income on Schedule E; $88,000 investment expense on Schedule A
B. $68,500 income on Schedule E; $8,000 investment expense on Schedule A
C. $68,500 income on Schedule E; $16,000 investment expense on Schedule D
D. $225,000 income on Schedule E; $16,000 investment expense on Schedule A
Answer:
The answer is B. $68,500 income on schedule E; $8,000 on schedule A
Explanation:
An S corp is also known as a pass through entity. It is a form of corporation wherein income, taxes, losses or deductions are transferred to the other owners and are not borne by the entity. This is done in proportion of their shareholdings. In this case, 50%.
This implies that after computing net profit ( revenue less expenses) $22,5000- $88,000= $137,000 and then dividing proportionately, we obtaib $68,500 as income to be declared on schedule E.
The investment expense is also divided proportionately and reported on schedule A. That is, 50% of $16,000, which is $8,000.
Which of the following is NOT one of the environmental forces shaping organizations?
1. technological
2. Social
3. Regulatory
4. Managerial
Answer:
The correct answer is number (4): Managerial.
Explanation:
The environmental forces shaping companies refer to those factors from outside the organization that influences entrepreneurs to adjust their business organization accordingly not to affect achieving the firm's goal. Those factors are limited to societal, technological, environmental (natural atmosphere), economic and political forces.
The option that is not an environmental forces shaping organization is 4. Managerial.
What forces shape organizations ?Technological forces refer to the changes in technology that can impact the way organizations operate. For example, the development of new technologies can create new opportunities for businesses, while the obsolescence of old technologies can force businesses to adapt or risk being left behind.
Social forces refer to the changes in society that can impact the way organizations operate. For example, changes in demographics, values, and lifestyles can all impact the demand for products and services, as well as the way organizations market and sell their products and services.
Managerial forces are not one of the environmental forces that shape organizations. Managerial forces refer to the decisions and actions of managers that can impact the way organizations operate.
Option 4 is correct.
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What is property in a downtown business area that caters primarily to business travelers.
Answer:
Business Hotels
Explanation:
Hotels, hotel size, location, target markets, service levels, facilities, number of rooms, ownership and loyalty etc. Classified by categories. These categories allow hotels of the same size to compare their operating procedures and statistical results.
The hotel targets many markets, and these factors can be classified according to the location and duration of stay as they affect the hotel's attractiveness.
By location:
- The city center is usually located in the business center, a short distance from the mall.
-Air ports This type of hotel usually targets business customers, overnight travelers or canceled flights and airline employees.
- Floating hotels are located in rivers, seas or large lakes.
- Boatels House boats are called boards that offer luxury guests to travelers.
-The Conference Centers pay attention to such hotels and conferences and overnight for meeting attendees.
On the target market:
- Business hotels are located in the heart of the city in tight commercial areas to get good and high business. It is mainly addressed to businessmen.
- Conference centers or convention hotels are larger than convention centers and probably have more than 1,500 rooms.
- Resort Hotels are usually found in the mountains, on one island or other exotic locations away from cities.
- Business Hotels: These hotels are the largest group of hotels and primarily serve business travelers and are usually located in the city center or in business areas. Although business hotels primarily serve business travelers, many tour groups, individual tourists and small conference groups consider these hotels attractive.
Final answer:
A property catering primarily to business travelers in a downtown business area is located in the central business district (CBD), a hub of commerce and transit designed to meet the needs of business professionals through facilities like hotels and convention centers.
Explanation:
A property in a downtown business area that primarily caters to business travelers is likely situated in the central business district (CBD) of a city. The CBD is the commercial and geographic heart of a city, characterized by high rents, high density of commerce, and a growing trend of accommodations designed to support the needs of business professionals, including hotels, convention centers, and short-term apartments. These properties are strategically positioned to facilitate easy access to financial districts, entertainment, and retail spaces, crucial for meeting the demands of business travelers, convention goers, and professionals on short-term visits for consultations or meetings with clients and colleagues.
While primarily commercial, the CBD's evolution includes increasing residential populations, as younger professionals seek city center living for proximity to work and urban amenities. The economic influence of metropolitan businesspeople is substantial, leading many cities to invest in infrastructure like convention centers and airports to attract this demographic, despite potential objections from permanent residents over the use of public funds for these projects. Ultimately, these investments underscore the role of business travelers in shaping land-use and development decisions within the CBD.
Which of the following require(s) a formal filing to be recognized as a valid business entity? A) all business entities B) a limited partnershipC) a general partnershipD) a sole proprietorship
Answer:
The correct answer is letter "B": a limited partnership.
Explanation:
A Limited Partnership involves two or more partners conducting business but one is only liable for his capital investment. They are also called silent partnerships or Limited Liability Partnerships (LLPs). Limited partnerships are governed mostly by the U.S. states and require filing in front of the Secretary of State so it can be recognized as a business.
Each month, the census bureau mails survey forms to 250,000 households asking questions about the people living in the household and about such things as motor vehicles and housing costs. Telephone calls are made to households that do not return the form. In one month, responses were obtained from 240,000 of the households contacted. The population of interest is:
Answer:
The 250,000 households that were initially contacted by mails
Explanation:
The population is the totality of either animate or inanimate objects that forms the target of a research, the main target of the researchers inquiry is the population, in fact the population is the target beneficiary of the exercise.
In this question the main target is the 250,000 households that the census bureau mailed, these are the people the bureau had in mind and they form the population of interest not the actual responses obtained.
Find the effective interest rate per payment period for an interest rate of 9% compounded monthly for each of the given payment schedule:
a. Monthly
b. Quarterly
c. Semiannual
d. Annual
Answer:
a. 0.75% per month
b. 2.25% per quarter
c. 4.5% semi- annually
d. 9% yearly
Explanation:
a. Computing the effective interest rate per payment period for the payment schedule which is monthly:
Effective rate (monthly) = Nominal rate (r) / Compounded monthly (m)
where
r is 9%
m is 12
Putting the values above:
= 9% / 12
= 0.75% per month
b. Computing the effective interest rate per payment period for the payment schedule which is quarterly:
Effective rate (quarterly) = Nominal rate (r) / Compounded quarterly (m)
where
r is 9%
m is 4
Putting the values above:
= 9% / 4
= 2.25% per quarter
c. Computing the effective interest rate per payment period for the payment schedule which is semi- annually:
Effective rate (semi- annually) = Nominal rate (r) / Compounded quarterly (m)
where
r is 9%
m is 2 (every 6 months)
Putting the values above:
= 9% / 2
= 4.5% semi- annually
d. Computing the effective interest rate per payment period for the payment schedule which is annually:
Effective rate (annually) = Nominal rate (r) / Compounded yearly (m)
where
r is 9%
m is 1 (end of the year)
Putting the values above:
= 9% / 1
= 9% yearly
The difference between variable costs and fixed costs is (CMA adapted) A. Unit variable costs fluctuate and unit fixed costs remain constant. B. Unit variable costs are fixed over the relevant range and unit fixed costs are variable. C. Total variable costs are constant over the relevant range, while fixed costs change in the long-term. D. Total variable costs are variable over the relevant range but fixed in the long-term, while fixed costs never change.
Answer:
(A) Unit variable costs fluctuate and unit fixed costs remain constant.
Explanation:
The fixed costs are the costs which have to be incurred always, irrespective of what the output produced is by the firm. For instance, a firm always has to charge depreciation on its fixed assets, pay salary to the premises staff and pay fixed salary to the managers for managing etc, irrespective of whatever output it produces.
Variable costs are the costs which vary with the level of output produced activity. For example, if more output is produced more will be the raw material payments, more will be the manufacturing related other expenses and more will be the wages paid to the labour etc and vice-versa.
Hence, thereby the per unit variable costs fluctuate and unit fixed costs remain constant.
Variable costs change with the level of production, whereas fixed costs stay constant regardless of production levels. The correct answer to the question is 'A': Unit variable costs fluctuate and unit fixed costs remain constant.
Explanation:The difference between variable costs and fixed costs can be understood in terms of their behavior with respect to changes in the level of production or business activity. A variable cost changes in proportion to the level of production. On the other hand, fixed costs remain constant regardless of the level of production. Whether production increases or decreases, fixed costs do not change within a specific period. As such, answer 'A' is accurate: Unit variable costs fluctuate and unit fixed costs remain constant.
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A post-closing trial balance will show a zero balance for all accounts. B : A post-closing trial balance will show only balance sheet accounts. C : A post-closing trial balance will show a zero balance for the balance sheet accounts. D : A post-closing trial balance will show only income statement accounts.
Answer:
The correct answer is letter "B": A post-closing trial balance will show only balance sheet accounts.
Explanation:
A posting-trial balance is a summary of all balance sheet accounts where the debits and the credits of each of them must balance zero. The purpose of the posting-trial balance is to confirm that the company ends the period without having debt. Temporary accounts -revenue, expense, gain, and loss- are not included in the summary because they are reports into the retained earnings account.
A post-closing trial balance includes only balance sheet accounts with non-zero balances after closing entries transfer income statement account balances to retained earnings, thus income statement accounts show a zero balance.
Explanation:The student's question pertains to the nature of a post-closing trial balance and which accounts it shows. The correct statement is that a post-closing trial balance will show only balance sheet accounts with non-zero balances. This is because a post-closing trial balance is prepared after closing entries are made, which involve transferring all revenue, expense, dividends, or withdrawal account balances to the retained earnings account. As a result, all income statement accounts should have a zero balance at this point. The balance sheet accounts, including assets, liabilities, and equity accounts like common stock and retained earnings, will show the balances that are carried over into the next accounting period.
Using T-accounts as an example, we consider that a "T" in a T-account represents the separation of assets on the left side from the liabilities and owner's equity, which include net worth, on the right side. The T-accounts are used to ensure that the accounting equation (assets = liabilities + owner's equity) remains balanced after the closing entries. If a business is healthy, its net worth will be positive. Conversely, a negative net worth is indicative of a bankrupt firm. Nonetheless, the post-closing trial balance will only include balance sheet accounts with non-zero balances.
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Which of the following factors did W. Edwards Deming believe should be removed from the workplace?
a. competition
b. diversity
c. hierarchy
d. fear
Answer:
d. fear
Explanation:
W. Edwards Deming -
He is an electrical engineer and then further did specialization in mathematical physics , where the develop a method of sampling , which is still used in the Bureau of Labor Statistics and U.S. Department of the Census .
According to W. Edwards Deming , he believed that the elimination of fear at the workplace is important to work happily and peacefully in an organisation.
Which too enables the moral support and motivation , which helps to have better efficiency and productivity , which is important for the organisation.
W. Edwards Deming, an expert in quality management, believed in managing fear in the workplace. He felt fear hinders communication and stops employees from working to their full capacity. Hence, among the options listed, fear is what Deming advocated to remove from a working environment.
Explanation:W. Edwards Deming, a renowned economist and statistician, is well known for his work in the field of quality management. Very particularly, he emphasized the creation of a work environment where employees feel safe and secure. This is why among the options listed, Deming was most supportive of removing fear from the workplace. He believed that fear hinders communication and prevents employees from working to their full potential and contributing the best to an organization.
Creating an environment with minimal fear facilitates the free exchange of ideas and encourages a culture of improvement and innovation. Deming's philosophy was not against competition, diversity, or hierarchy. It only proposed that such elements should not create an atmosphere of fear or repression, but rather should stimulate positive and productive collaboration.
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The United States imports shoes from Thailand. When Thailand drops the prices on its shoes, the U.S. reacts by imposing a tariff on Thai shoes. The U.S. has invoked a(n)?
Answer:
Barrier on imports
Explanation:
Cutting down the prices of the Thai shoes by Thailand will render an increased sale of the shoes in the market of United States. By reducing the prices of the shoes, Thailand has made the purchase of its shoes much more affordable for its consumers, this would lead to an increased demand of their shoes. This would not only increase the imports of United States but will also increase the competition for local shoes industries.
Thus a tariff is imposed to retain the original price of the shoes and maintain the level of Balance of Payment for United States trade and shelter the local industry of shoes in the US from foreign competition.
True or false: The fundamental activities of a business are selling activities and marketing activities.
Answer:
i think its false
Explanation:
The fundamental activities are financing, investing, and operating activities. Thus, the given statement "The fundamental activities of a business are selling activities and marketing activities" can be marked as false.
What are the fundamental activities?The fundamental activities are those activities, that are very essential and important for all business organization. These are those activities upon which, business organization is depend completely.
The fundamental activities are financing, investing, and operating activities. Financing fundamental activities are those activities which includes the transactions related to debt, equity, and dividends.
Investing activities include the purchase of assets, investment in different securities and funds. Operating activities are the activities done by business to bring its products and services to market on an ongoing basis. Basically, the fundamental activities are financing, investing, and operating activities.
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You are given the following information for Gandolfino Pizza Co.: sales = $48,000; costs = $22,400; addition to retained earnings = $6,250; dividends paid = $2,200; interest expense = $4,800; tax rate = 35 percent. Calculate the depreciation expense.
Answer:
Depreciation Expense=$7800
Explanation:
Step 1:
Calculate Net Income:
Net Income=Retained Earnings + Dividends
Net Income=$6250+$2200
Net Income=$8450
Step 2:
Calculate earnings before tax:
Earnings before tax=Net Income/(1-Tax Rate)
Earnings before tax=$8450/(1-0.35)
Earnings before tax=$13000
Step 3:
Depreciation Expense=Sales-Costs-Interest expense-Earnings before tax
Depreciation Expense=$48,000- $22,400-$4,800-$13000
Depreciation Expense=$7800
The depreciation is calculated as $7800. Depreciation is an accounting technique for distributing out the expense of a tangible item over the course of its useful life.
The depreciation was calculated as:
Retained earnings + dividends = net income.
Net Income = $6250 + $2200
$8450 in profit
Calculate your pre-tax income:
Earnings before taxes = Net Income / (Tax Rate - 1)
Earnings before taxes = $8450/(1.0-0.35).
$13,000 in earnings before taxes = $13,000
Sales-Costs-Interest Expense-Earnings Before Taxes = Depreciation Expense
Depreciation costs are $48,000 ($22,400), $4,800, and $13,000.
Thus, the depreciation is $7800.
It enables businesses to purchase assets over an agreed-upon period of time and produce income from those possessions.
The immediate expense associated with ownership is greatly lowered because businesses do not have to fully account for them in the year that the assets are purchased. A company's profits can be greatly diminished by not accounting for depreciation. Long-term assets can also be depreciated by companies for tax and accountancy reasons.
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