Answer:
d. Making the guest welcome, making the operation run correctly, keeping control operating costs.
Explanation:
The basic work of managers in the hospitality industry calls for: Making the guest welcome, making the operation run correctly, keeping control operating costs.
The hospitality industry's backbone is comprised of customer service, it is the foundation and cornerstone of all segments of the industry. A business may focus on one or all facets of hospitality but the level of success achieved is dependent on how well the managers and staff, are serving their customers.
Answer:
<u>True</u>
Explanation:
According to the IRS tax guidelines in such a case the unreimbursed amount is deductible as an itemized deduction from tax returns.
What this implies for Mr. and Mrs. Jones is that the $12,000 unreimbursed amount would be deducted from their tax return. <u>Thus, reducing the amount of taxes to be paid by them.</u>
d. tyler says his profit is $34,100, and greg says he lost $6,500.
Accounting profit is simply revenues minus explicit (direct) costs whereas economic profit factors in opportunity costs and explicit costs.
Answer:
Regular savings accounts
Explanation:
Regular savings accounts are also called deposit savings accounts. They are the easiest way to save money in a bank or credit union and receive interest. These types of accounts require a small deposit to open, and the minimum balance is also low. One can avoid monthly charges by maintaining the minimum balance at all times.
The deposit/regular savings accounts are very liquid. Most banks will not have restrictions on the number of deposits and withdrawals per period, say a month. Due to this feature, these accounts earn the lowest interest compared to the other savings accounts. Deposit/ regular accounts are also referred to as transactional savings accounts.
The other types of savings accounts include Money market accounts and Certificates of deposit accounts.
Answer:
A Journal Entry was Entered for Hanson Leasing Company on January 2, 2021, and Debit to right-of-use asset= 113767
Explanation:
Solution
Given that:
The Journal Entry of Hanson Leasing Company on January 2, 2012
Equal annual payments =240000
X PV Annuity Due 8%, 5 periods = 4.31213
Present value of Equal annual payments=1034911
Residual value=150000
X PV Single 8%, 5 periods=0.68508
Present value of residual value=102762
Present value of Equal annual payments=1034911
Add: Present value of residual value=102762
Debit to right-of-use asset= 113767
