1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
icang [17]
2 years ago
5

Despite having sufficient snow, a local ski mountain has decided to close in early march for the end of the ski season. what is

the most likely reason to shut down in this situation
Business
1 answer:
RSB [31]2 years ago
7 0
<span>Most Ski resorts will try to extend the ski season as long as possible. This is because they are only going to earn money if they are open for business. In this case, the ski mountain is closing early in March instead of waiting until a more traditional time of year, probably late spring. While there may be a few reasons why the ski mountain might chose to close early even though there is sufficient snow this year, it is likely that this is a financial decision. If the ski mountain is not able to turn a profit, that is the most likely reason they will shut down early. If it is costing more to the keep the resort open then they can earn by staying open a few more weeks, then it would make sence to just shut down early.</span>
You might be interested in
Most suppliers of travel products pay travel agencies____percent commission on any sales they make.
scZoUnD [109]

Most suppliers of travel products pay travel agencies 10 percent commission on any sales they make.

Explanation:

Suppliers take a percentage of the final booking, not include taxes and certain costs, in return for purchases. While there are variations in the payouts per manufacturer and sales volume of your business with that individual company, the industry standard begins at 10% and can go as far as 40% for some goods.

Travel agencies generally earn 10 percent of the gross reservation and then create a payment between you (travel agent) and the agency.

Let's say, For Example, you book for Christmas to Aspen a family of 5.

If it costs $8,500, your company will be divided up by a commission of $850 (assuming your firm receives a commission of 10%). You will earn a commission of $595 on the booking with a 70-30 split commission.

5 0
2 years ago
What is meant by reconciliation, and how can it be useful as an input to staff ing planning? wuizlet
umka21 [38]

entails accepting predicted gaps and their most likely causes. They can be helpful in identifying areas to concentrate on and in responding to projected results for the organisational unit.

What is Staffing Planning?
A staffing plan is a strategic planning process used by a business to evaluate and identify its personnel needs (usually under the direction of the HR team). In other words, a solid staffing plan aids in your understanding of the quantity and variety of personnel your business requires to achieve its objectives.

To learn more about Staffing Planning
brainly.com/question/3504046
#SPJ4

7 0
1 year ago
How physical asset valuation and research and development costs are likely to pose risks<br>​
Gre4nikov [31]

Answer:

The differences between US GAAP and IFRS pose an extra cost because international corporations must prepare two separate accounting statements. But besides that, other potential risks include paying higher taxes than what the companies should pay int their home countries and the uncertainty generated by changing rules.

Not only do current tax rates affect potential investments, e.g. currently companies in the US pay relatively low corporate taxes (Tax Cuts and Jobs Act of 2017) but these benefits end on 2025. But also different methods for valuating physical assets and R&D costs can represent higher than expected taxes. E.g. depending on a company's needs, it may be beneficial to expense all R&D costs right away, or maybe it would be better to capitalize some of them after technical feasibility is achieved (IFRS).

The main advantage of having uniform rules (e.g. UCC) is that all the companies know exactly what to expect and how to act. Certainty decreases risk, and less risk reduces costs.

Explanation:

In the US, the vast majority of firms use US GAAP as their accounting method, but around the world the IFRS method is used.

Physical asset valuation is the process of determining the value of your physical assets including P, P & E, and also inventories.

  • When valuing inventories IFRS uses FIFO, while US GAAP allows FIFO, LIFO or weighted average costing methods. US GAAP also values inventory at lesser of cost or market value, while IFRS values inventory at lesser of cost or net realizable value.
  • US GAAP uses the cost method to determine the historic cost of an asset, while IFRS uses basically the same method but does not include all the costs of location of the assets (e.g. cost of removing or clearing a facility).
  • US GAAP recognizes non-monetary exchanges while IFRS doesn't.
  • IFRS also allows the cost of asset to be revalued, which can result in unrealized gains or losses. The US GAAP only considers historic costs.
  • There are also other minor differences regarding depreciation, disposals and impairment rules.

Research and development must be expensed right away under US GAAP, while IFRS basically requires the same, it allows some capitalization of development expenditures if certain criteria is met (technical feasibility is achieved).

8 0
1 year ago
What is it called when banks record which account gives up money and which account receives money when a customer writes a check
swat32

Answer:

Check Clearing

Explanation:

The process by which bank records which account gives up money is called check clearing. Check clearing is the process by which banks record whose account gives up money and whose account receives money when a customer writes a check. A bank holding company is a company that owns multiple banks.

4 0
2 years ago
A country produces only apples and bananas. moving from point a to point b along its production possibilities​ frontier, 5 apple
LenaWriter [7]
The opportunity cost is greater than the one of the apples
7 0
1 year ago
Other questions:
  • What is the primary reason to issue stock? ATo help investors earn a higher rate of return BTo raise money to grow the company C
    8·2 answers
  • Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans pro
    5·1 answer
  • Advertising campaigns can help to create name recognition, brand knowledge, and maybe even some brand preference. However, the f
    11·2 answers
  • The level of total investment by firms in new machinery and equipment helps to determine how rapidly the economy grows. This is
    10·1 answer
  • Describe the Allowance for Doubtful Accounts, account:1. What type of account is it? Contra Asset Account 2. What it’s normal ba
    9·1 answer
  • EcoMart establishes a $1,050 petty cash fund on May 2. On May 30, the fund shows $312 in cash along with receipts for the follow
    10·1 answer
  • Which of the following is not true about emergency funds
    14·1 answer
  • Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou
    11·1 answer
  • A company has bonds on the market with 13 years to maturity, a YTM of 7.6 percent, and a current price of $1,000. The bonds make
    15·1 answer
  • This year, Jennifer company paid 4000 hundred thousand in wages and 850,000 for overhead expenses and 75,000 for advertising it
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!