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1 year ago

What is one reason that a hotel owner might consider hiring a hotel management company?

1 answer:

6 0

Improved hotel management effectiveness is one reason that a hotel owner might consider hiring a hotel management company.

What function does a hotel management business serve?

The management firm oversees the hotel operations and makes sure they are profitable.
They are in charge of every aspect of the business, from hiring and training employees to procuring supplies, cleaning rooms, renting out meeting space, and entertaining visitors.
The General Manager is accountable to both the hotel management business AND the original owner who engaged the hotel management firm.
The general manager's job is to manage the hotel in a way that generates income for the owner.

To be clear, the hotel owner could be a person, a business, or a trust fund or real estate. These will change based on the market and the kind of hotel.

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Suppose the economy is currently in short run macroeconomic equilibrium, with actual GDP bigger than potential GDP.

krek1111 [17]

Answer:

attached below

Explanation:

Given that the economy has its actual GDP > potential GDP

A) using AD-AS to depict the situation

attached below is the graph

The gap( Lf - L1 ) is called inflationary gap

x-axis = real GDP , Y-axis = price level,

AD = aggregate demand curve , S = short run aggregate supply curve

L = long run aggregate supply curve,

B) In the long run the graph will adjust to the full employment level

attached below is the graph

5 0

3 years ago

Natasha, nelson, and nikolai are all looking to buy flashlights for a camping trip. natasha is willing to pay $4, nelson is will

d1i1m1o1n [39]

Consumer surplus is the difference between the total amount a consumer is willing to pay for an item and what they actually pay. The total amount that Natasha, Nelson and Nikolai are willing to pay for the flashlight is $34, the amount they do pay is $20. So, the total consumer surplus for them is $14.

4 0

4 years ago

LO 6.5Under absorption costing, a unit of product includes which costs?

earnstyle [38]

Answer: direct material, direct labor, and fixed manufacturing overhead

Explanation: In calculating product cost in a manufacturing environment, there are two types of costing namely the variable costing method and absorption costing method.

Under absorption costing, a unit of product includes direct materials, direct labour, variable overheads and all fixed manufacturing overhead.

under this method, all variable cost as well as fixed cost are all included in the cost of a product.

Absorption costing is required by GAAP and so has to be using in preparing the financial accounts.

5 0

4 years ago

(TCO A) Upon graduating from college this year you expect to earn $25,000 per year. If you get your MBA, in one year you can exp

sashaice [31]

Answer:

$8,333

Explanation:

To calculate the additional money that I will make in today's dollars from getting the MBA in my first year, I have to consider that the statement indicates that in one year I can start at $35,000 with the MBA and that the inflation is expected to be 5%. This means that I have to subtract 5% from $35,000 and then, calculate the difference with the salary I will earn upon graduating from college:

$35,000/1,05= $33,000

$33,000-$25,000= $8,333

5 0

4 years ago

On April 1, 2021, BigBen Company acquired 30% of the shares of LittleTick, Inc. BigBen paid $100,000 for the investment, which i

Allushta [10]

Answer:

$10,500 loss

Explanation:

The computation of the net income affected is shown below:

Since Big Ben purchased shares of Little Trick on 1st April ,so it has the right to receive 30% of the net income for nine months i.e from April 1 to December 31

Now the Earnings from Little Trick is

= $20,000 × 30% × 9 months ÷ 12 months

= $4,500

And, the Compensation paid is $15,000

So, the loss is

= $15,000 - $4,500

= $10,500

8 0

3 years ago