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2 years ago

How are extended-stay hotels different from Bed and Breakfasts?

1 answer:

4 0

The difference between hotel and bed and breakfast is that Hotels are usually chains that are owned by larger conglomerations; B&Bs are usually independently owned

This is further explained below.

<h3>What are Bed and Breakfasts?</h3>

Generally, beds & breakfasts, which are often located in quaint, historic homes, are designed to give visitors the impression that they are really staying in someone's home while they are there. A stay at a bed and breakfast can be exactly the thing for you if you're the sort of traveler who likes meeting new people no matter where they are or what they're doing while they're away.

In conclusion, The distinction between a bed and breakfast and a hotel lies in the fact that hotels are often owned by bigger conglomerates and operate as chains, while B&Bs are typically privately run and operated.

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Present Value of an AnnuityConsider the following scenarios for an annuity with a $1000 payment amount C: 27.If you invest the $

Sonja [21]

Answer:

The annuity is worth $4100.20 today and if we increase the rate of return, from 7% to 8% the value of the annuity falls to $3992.71.

Explanation:

The step by step solution for the given problem is attached with the image.

The value of annuity will decrease if we increase the rate of return, from 7% to 8%. Future cash flows are discounted using the rate of return, and the higher the discount rate, the lower the present value of the future cash flows.

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4 years ago

What are the main purposes of a budget?

disa [49]

In the context of business management, the purpose of budgeting includes the following three aspects:

•A forecast of income and expenditure (and thereby profitability)

•A tool for decision making

•A means to monitor business performance

7 0

3 years ago

Read 2 more answers

the money supply decreases when the fed sells treasury bonds. the smaller the reserve requirement, the larger the decrease will

Dmitriy789 [7]

The smaller the reserve requirement, the larger the decrease will be in required reserves.

<h3>What is the reserve requirement?</h3>

The reserve requirement is the percentage of consumer's deposits that are kept as reserves with the Central Bank. The reserve requirement is determined by the reserve ratio.

When the Fed sells treasury bonds, money supply decreases. This is known as a contractionary monetary policy.

To learn more about reserve requirement, please check: brainly.com/question/25812353

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3 years ago

g after examining the various personal loan rates available to you, you find that you can borrow funds from a finance company a

IceJOKER [234]

question text <u>WITH </u>missing information:

After examining the various personal loan rates available to you, you find that you can borrow funds from a finance company at an APR of <em>12 percent compounded monthly</em> or from a bank at an APR of <em>13 percent compounded annually.</em> Which alternative is more attractive?

If you borrow $100 from a finance company at an APR of 9% percent compounded for year, how much do you need to payoff the loan?

Answer:

The finance company option is better as we are taking the loan we want the lower rate possible.

We need $109 to payoff the loan of $100 at 9% annualy after a whole year.

Explanation:

We solve for the effective rate of 12% compounded monthly

$(1+\frac{0.12}{12} )^{12}$ = 1.12682503 = 0.126825 = 12.6825%

As this rate is lower than 13% this option is better

If we take 100 dollars after a year we have to pay:

$100 x (1 + r) = 100 x (1 + 0.09) = 100 x 1.09 = $109

5 0

3 years ago

Alpha Company, a business firm based in California, advertises its products on the Web to customers in all 50 states. In which o

kolbaska11 [484]

Answer:

b. Alpha conducted substantial business with New Jersey residents through its Web site.

Explanation:

If Alpha conducted substantial business with any person living or being in New Jersey while doing so, then a New Jersey court will have jurisdiction over Alpha's business. A company can interact with its customers, for example, provide customer service for free, but if it makes business in the state, then it falls under the jurisdiction of the state.

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3 years ago