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Questions
1. Because walk-in guests represent a higher credit risk than guests with reservations, walk-ins are flagged with what symbol?
WI
SPATT
OS
NR
All of the above except B
2. Guests of some hotel chains can access their folios on line days after they check out from the property.
True
False
3. Commissions paid to travel agencies, usually at a rate of 10%, are considered an operating expense, similar to the expense of fees paid to a credit-card company.
4. The amount of due bills issued by the hotel industry reflects the status of the current economic cycle; more due bills in poor times; fewer in good times.
Jade Larson Antiques owes $20,000 on a truck purchased for use in the business. The company makes principal payments of $5,000 each year plus interest at 8%. Which of the following is true?
Suppose the Quick Towing Company purchases a new tow truck. The old truck had a book value of $1,000 and was sold for $1,420. If Quick Towing is in the 34 percent marginal tax bracket, what is the tax liability on the sale of the truck? What is the a..
What policies could the government pursue to address each factor? Should the government do so?
Elucidate how managers can use price elasticity to discriminate or charge different prices among different groups of customers.
In Pioneer Ville, the price elasticity of demand for bus rides is 0.5, the income elasticity of demand for bus rides is -0.1, and the cross elasticity of demand for bus rides with respect to gasoline (personal consumption) is 0.2. 3. Is the demand fo..
She agreed to repay the loan in 280 days at an interest rate of 14.55%. Her bank charges ordinary interest. What is the maturity value of her loan?
Grade survival rates estimate:
If, in the short run, a perfectly competitive firm is producing at a point where total cost is greater than total revenue, then the firm should.
What are the 'macro' and 'micro' considerations of shifting rules and regulations in business?
Estimate the price where Sheetz would sell 12,000 gallons of gasoline
Phil realized a total return of 13.2 percent which is less than his expected return of 14.4 percent. What is the amount of his unexpected return? A portfolio is comprised of two stocks. Stock A comprises 65 percent of the portfolio and has a beta of ..
According to the law of diminishing marginal returns, which of the following is true?
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