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3 years ago

"revenues from an unrented hotel room are lost forever" refers to which characteristic of services?

1 answer:

5 0

<span>Perishability of the service sector. Perishability occurs because services cannot be stored for sale in the future. An empty seat in a plane can't be utilized after takeoff; a restaurant will have to serve fresh food because the previous food would be spoilt. There are many factors that causes service capacity perishability but demand seem to be the chief factor. Demand can vary by the season, time, and cycle; it is quite difficult to forecast sales. Once a service is lost, it is forver lost. And this is because like I said earlier most services cannot be stored, saved, retrieved, once they have been un-used. On a bad day, If a hotel manager end up with too many staff or few bookings. This, of course, means that he will be making losses because revenues from his unrented hotel room are lost forever.</span>

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Georgia Products Inc. completed and transferred 163,000 particle board units of production from the Pressing Department. There w

Lerok [7]

Answer:

Pressing Department. Round "cost per equivalent unit" answers to the nearest cent.

a. Total conversion cost $

b. Conversion cost per equivalent unit $

c. Direct materials cost per equivalent unit $

a. Total conversion cost 252.900

b. Conversion cost per equivalent unit 0.61

c. Direct materials cost per equivalent unit 3.20

Explanation:

Solution

a. Total conversion cost 252.900

b. Conversion cost per equivalent unit 0.61

c. Direct materials cost per equivalent unit 3.20

Statement of Equivalent Units(Weighted average)

Material Conversion cost

Units Complete % Equivalent units Complete % Equivalent units

Transferred out 163.000 100% 163,000 100% 163,000

Ending WIP 14,000 100% 14,000 40% 5,600

Total 177,000 Total 177,000 Total 168.600

Cost per Equivalent Units (Weighted average)

COST Material Conversion cost TOTAL

Beginning WIP Inventory Cost $ 0

Cost incurred during period 628.350 252.900 881.250

Total Cost to be accounted for 566,100 102,900 669,000

Total Equivalent Units 177,000 168.600

Cost per Equivalent Units 3.20 0.61 3.81

3 0

3 years ago

How did huey long's plan to limit incomes violate the free enterprise system?

zhenek [66]

Huey Long guaranteed a free training through school and benefits for the matured, which he can't do on the grounds that it is the administration's business to settle on these choices. He likewise he raised duties to make healing facilities to take into account poor people and enhance ignored streets and scaffolds inside the state

5 0

3 years ago

What did congress do to protect consumers from monopolies, false advertising, and dishonest labeling? it established the america

alexandr1967 [171]

<span>In order to protect consumers from unfair business practices such as false advertising, dishonest labeling and monopolies, the federal government created the Federal Trade Commission to establish and enforce regulations protecting consumers from unfair and dishonest sales practices.</span>

4 0

3 years ago

Read 2 more answers

An author just signed a lucrative contract with a publisher that offers to pay her the amount of $500 at the end of year 9 when

solong [7]

Answer:

Ans. The annuity that will be equivalent to the publisher´s advance would be $26.40 per year, for 9 years at 7% interest rate.

Explanation:

Hi, first, let´s bring that $500 to be paid in 9 years to present value, we need to use the following formula.

$PresentValue=\frac{FutureValue}{(1+r)^{n} }$

Where: r is our discount rate (7%) and n the periods from now when she will receive that $500 amount. This should look like this.

$PresentValue=\frac{500}{(1+0.07)^{9} } =271.97$

Ok, so the equivalent amount of money today of those $500 in nine years is $271.97, but the author wants $100 today so the remaining amount has to be used to find the equal annual payments to be made in order to be equivalent to re remaining balance ($171.97). We now need to use the following equation.

$Present Value=\frac{A((1+r)^{n}-1 )}{r(1+r)^{n} }$

And we solve for "A" like this

$171.97=\frac{A((1+0.07)^{9}-1 )}{0.07(1+0.07)^{9} }$

$171.97=\frac{A(0.838459212 )}{0.128692145}$

$171.97=A(6.515232249)$

$A=\frac{171.97}{6.515232249} = 26.40$

Therefore, the equivalent amount of money of $500 in 9 years is $100 today and $26.40 every year, at the end of the year, for nine years.

Best of luck.

4 0

3 years ago

Nielsen PRIZM uses ________ segmentation to classify every U.S. household as one of 66 unique market segments based on the belie

Gemiola [76]

Nielsen PRIZM uses Market Segmentation.

Explanation:

Market division is the way toward isolating a market of potential clients into gatherings, or sections, in view of various qualities. The fragments made are made out of buyers who will react also to showcasing procedures and who share qualities, for example, comparable interests, needs, or areas.

Market division makes it simpler for advertisers to customize their promoting efforts.

By organizing their organization's objective market into divided gatherings, as opposed to focusing on every potential client exclusively, advertisers can be increasingly effective with their time, cash, and different assets than if they were focusing on buyers on an individual level.

Gathering comparable shoppers enables advertisers to target explicit spectators in a financially savvy way. Market division additionally lessens the danger of a fruitless or ineffectual showcasing effort.

At the point when advertisers separate a market dependent on key attributes and customize their procedures dependent on that data, there is an a lot higher possibility of progress than if they somehow managed to make a conventional battle and attempt to actualize it over all sections.

7 0

3 years ago