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The hotels has 118 King/Queen rooms. Hotel offers a rLDemand for low fare rooms is abundant. = $159 (low fare) discount fare for a mid-week stay targeting leisure travelers. The forecast for the number of customers that do not show up (X) is Poisson with mean 8.5. The cost of denying a room to the customer with a confirmed reservation is $350 in loss of good-will and penalties.
Problem 1: How many rooms (Y) should be overbooked (sold in excess of capacity)?
Explain a decrease in the return on asset ratio (ignore tax implications)? Currently return on asset ratio is 10%. Purchase of equipment by cash.
Record both the depreciation values on the Equipment to the date of sale and the calculations to record the sale of the Equipment.
Comment on the legal and ethical issues involved in skimming. If you were aware of this activity on your business, how would you address it?
Chelly purchased a pool for $6,120 using a six-month deferred payment plan with an interest rate of 22.65%. What will Chelly monthly payment be
Year 1 Initial investment of $60,000, What is the internal rate of return (IRR) that this investment offers if all cash flows occur at the end of each period?
Canaday's net income for the year ended December 31, 2021, was $1,974 million. Calculate basic and the diluted earnings per common share
COST OF PREFERRED STOCK INCLUDING FLOTATION Trivoli Industries plans to issue perpetual preferred stock with an $11.00 dividend.- What is the cost of the preferred stock, including flotation?
What is the stated annual rate of interest on the bonds? Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term
Interest paid equals $18,200 and dividends paid equal $6,500. The tax rate is 35 percent. What is the addition to retained earnings
The inventory cost PC Mall $25,000 and the selling price was $30,000. What amounts, if any, related to this transaction would be reported on PC Mall’s balance sheet and income statement in 2008? In 2009?
Paid P100 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's merchandise inventory
How do Distinguish the two different ways insurance companies reinsure. How does reinsurance aid insurance companies? Explain what is meant by reinsurance.
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