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A hotel manager has set a rack rate for all rooms in the hotel of $149 for next year. Corporations, conventions, and conference groups were advised that early next year the rack rate charged could be reduced to a lower rate of $99, andthe potential reduction will depend on the volume of business they provide. Travel agencies, which book a large number of hotel reservations for independent travelers, were advised that room rate discounts are available for $139, $129, and $119, with restrictions. The travel agencies were also advised that rooms booked at the $149 rate would increase their commission to 15%, rather than the normal 10% for a discounted rate reservation. Individuals that telephone the hotel directly for a reservation are first quoted the $149 rate; however, employees booking reservations have been trained to lower this rate to $139, $129, and $119, but never lower than $119. In addition, room-booking employees are required to advise potential guests of the restrictions that apply at each rate level. Discuss the ethics of this situation
the basic model of competition reviewed finds that in the long run all firms in a purely competitive industry will earn normal profits. if all firms will only earn a normal profit in the long run, why would any firms bother to develop new products..
1.the main difference in the sales journal under the perpetual and periodic inventory system is the column to record
Assess a firm of your choice and the way it is organized internationally, in order to exploit global or regional advantages, yet remain responsive to local conditions.
The bonds, which mature on February 1, 2016, pay interest semiannually on February 1 and August 1. Porter uses the straight-line method of amortization. The bonds should be reported in the December 31, 2007 balance sheet at a carrying what value?
the city of springvale levies a tax on the value of real property located within the city limits. the tax equals 2
kirkland company manufactures a part for use in its production of hats. when 10000 items are produced the costs per
The maximum depreciation
A second-partner review of the audit documentation and financial statements is performed to ensure that the:
How can management practices speed the collection of receivables? Which management practices tend to slow the collection of receivables?
the hartley hotel corporation is planning a major expansion. hartley is financed 100 percent with equity and intends to
for each of the following independent situations determine a whether the bonds sold at face maturity value at a premium
Which of the following statements concerning consolidated financial statements is true?
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