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kakasveta [241]
1 year ago
7

Marriott International, Inc. (MAR) and Hyatt Hotels Corporation (H) are two major owners and managers of lodging and resort prop

erties in the United States. Abstracted income statement information for the two companies is as follows for a recent year (in millions):
Business
1 answer:
garik1379 [7]1 year ago
8 0

Abstracted earnings statement statistics for the two agencies are as follows for the latest yr (in tens of millions): Marriott Hyatt working profit.

Marriott worldwide, Inc. turned into fashioned in 1993 whilst Marriott organization break up into corporations: Marriott International, Inc., which franchises and manages houses, and Host Marriott organization (now Host inns & accommodations), which owns properties.

Marriott Global, Inc. is a main worldwide lodging enterprise with more than 8,000 residences in 139 international locations and territories. The enterprise that started out in 1927 as a 9-seat A&W root beer stands in Washington, DC is recognized these days as a top enterprise and for our advanced enterprise operations.

Learn more about Marriott International here: brainly.com/question/22785881

#SPJ4

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Cheyenne Corp. purchased a piece of equipment for $58,800. It estimated a 9-year life and $3,400 salvage value. At the end of ye
bogdanovich [222]

Answer:

the revised depreciation is $ 3,753

Explanation:

<em>Straight Line Method of Depreciation charges the same amount of depreciation over the useful life of the asset.</em>

Depreciation Charge (Straight line) = (Cost - Salvage Value) / Useful life

Year 1

Depreciation Charge = ( $58,800 - $3,400) / 9 years

                                   = $6,156

Year 2

Depreciation Charge = $6,156

Year 3

Make the adjustment as if the adjustment happened at the beginning of the year

Make the following changes

(1) Adjast the Depreciable Amount (numerator)

(2) Adjast the Useful life (denominator) to 11 years

Depreciation Charge = (Cost - Previous Depreciation Charges - New Residual Value) / Revised Number of Useful life

Depreciation Charge = ($58,800 - $6,156 - $6,156 - $5,200)/ 11 years

                                   = $ 41,288/ 11 years

                                   = $ 3,753

5 0
3 years ago
A rock star intentionally sets her ticket prices below what would be necessary to sell out her shows. how might this be justifie
drek231 [11]
<span>the answer to this question is: The revenue sacrificed represents a very small share of the show's revenue
The only way the show can still earn profit by selling cheap tickets is if they're gaining additional revenue from another streatm of income, such as selling merchandise on the concerts, providing beer and snacks, or selling autograph and photos</span>
6 0
3 years ago
In 2020, HD had reported a deferred tax asset of $130 million with no valuation allowance. At December 31, 2021, the account bal
Ray Of Light [21]

Answer:

The income tax expense for 2021 income statement is $101 million as computed in the explanation section below.

Explanation:

The income tax expense in the year 2021 is the income taxes payable while adding the reduction in deferred tax asset or deducting the increase in deferred tax asset plus the portion of the current deferred tax asset not realizable using the applicable tax rate as found below:

Income tax payable                                                          $90 million

deduct;increase in deferred tax asset($170-$130)         ($40 million)

Add;unrealized deferred tax asset($170*30%)                $51 million

Income tax expense for 2021 income statement            $101 million

6 0
3 years ago
How will a new law mandating an increase in required levels of automobile insurance affect the equilibrium price and equilibrium
Degger [83]

Equilibrium price will fall; equilibrium quantity will fall.

What does Equilibrium price mean?

An Equilibrium price, also known as a market-clearing price, is the consumer cost assigned to some product or service such that supply and demand are equal, or close to equal.

The manufacturer or vendor can sell all the units they want to move and the customer can access all the units they want to buy.

What is Equilibrium quantity?

Equilibrium quantity is when there is no shortage or surplus of a product in the market.

Supply and demand intersect, meaning the amount of an item that consumers want to buy is equal to the amount being supplied by its producers.

Learn more about Equilibrium price and quantity here:

brainly.com/question/28182532

#SPJ4

4 0
1 year ago
Your cousin, who is in his early thirties, owns his own internet marketing company. before starting the internet marketing compa
Nadya [2.5K]

Answer:

This is an example of expertise

Explanation:

Expertise can be seen with the wide range of knowlege. Expertise can be seen in how the knowlege is applied as well.

5 0
3 years ago
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