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3 years ago

What does the hospitality industry contribute to an economy?

Business

1 answer:

inn [45]3 years ago

4 0

Answer:

The hospitality industry helps to bring about unemployment reduction, income increase and higher living standards, and economic stability.

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Rick Co. had 30 million shares of $1 par common stock outstanding at January 1, 2018. In October 2018, Rick Co.'s Board of Direc

Llana [10]

Answer and Explanation:

The journal entry to record the given transaction is as follows

Retained earning Dr (0.30 million × $54) $16.2 million

To Common stock (0.30 million × $1) $0.3 million

To Additional paid in capital in excess of par (0.30 million × $53) $15.9 million

(Being the stock dividend is declared)

The computation of the shares after declaring the dividend is

= 30 million × 1%

= 0.30 million

6 0

3 years ago

Once every __________, the Census Bureau does a comprehensive survey of housing and residential finance.

Amanda [17]

Once every 10 years search it up if I am wrong

5 0

3 years ago

Garida Co. is considering an investment that will have the following sales, variable costs, and fixed operating costs:

svlad2 [7]

Answer:

Garida Co.

The project's net present value (NPV) is:

= $57,787

Explanation:

a) Data and Calculations:

Year 1 Year 2 Year 3 Year 4

Unit sales 4,200 4,100 4,300 4,400

Sales price $29.82 $30.00 $30.31 $33.19

Variable cost per unit $12.15 $13.45 $14.02 $14.55

Fixed operating costs $41,000 $41,670 $41,890 $40,100

Year 1 Year 2 Year 3 Year 4

Sales Revenue $125,244 $123,000 $130,333 $146,036

Variable costs $51,030 $55,145 $60,286 $64,020

Fixed operating costs $41,000 $41,670 $41,890 $40,100

Total costs $92,030 $96,815 $102,176 $104,120

Income before tax $23,214 $26,185 $28,157 $41,916

Income tax (25%) 5,804 6,546 7,039 10,479

Net income/cash inflow $17,410 $19,639 $21,118 $31,437

PV factor 0.901 0.812 0.731 0.659

Present value $15,686 $15,947 $15,437 $20,717

Total present value of the cash inflows = $67,787

Less investment cost of equipment = 10,000

Project's net present value (NPV) = $57,787

3 0

3 years ago

On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, raw materials were requi

katrin [286]

Answer:

Dr Purchases/ Raw Material Inventory .......................80,000

Cr Bank/Account Payable....................................................80,000

Dr Work in Process ................................................................67,400

Cr Raw Material Inventory............................................................67,400

Explanation:

FOR PURCHASE OF MATERIAL

Dr Purchases/ Raw Material Inventory .......................80,000

Cr Bank/Account Payable....................................................80,000

Being purchase of 10,000 units of raw materials at $8 per unit

FOR MATERIAL FOR PRODUCTION

Dr Work in Process ................................................................67,400

Cr Raw Material Inventory............................................................67,400

Being materials used in production: 7,500 units at $8 per unit for job 200 and 1,480 units at $5 per unit for job 305

In relation to 'purchase of material' we debit the raw material inventory account because material is increasing and is an asset account; and we credit Bank if the materials have been paid for OR 'accounts payable', if the material has not yet been paid for.

In relation to 'requisition of material for production' we debit the raw material inventory account because material is decreasing and is an asset account; and we credit 'work in process' to assign the cost of materials to the ongoing jobs respectively.

5 0

3 years ago

Fashion Mart Corp., a clothing company, offers the best quality material made using the finest threads and advanced textile mach

const2013 [10]

Answer:

a differentiation advantage

Explanation:

This scenario best illustrates a differentiation advantage. This is basically when a company is able to offer a product that, despite being the same as the competitor's product, is slightly different or offers something that the competitors do not. This small difference is what attracts the customers and increases profits. In this case, Fashion Mart Corp is differentiating their product by providing a guarantee of quality, which the competitors offering similar products cannot offer.

7 0

3 years ago