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beks73 [17]
3 years ago
10

The High Towers Center is a 300-room hotel that was built ten years ago for a total project cost of $24,000,000. The market valu

e of the facility is now estimated at $42,000,000, and the general manager estimates that the level of guest service is worth at least $5,000 per room per year. A close competitor of the hotel charges $110 per night per room. According to the $1 per $1,000 approach to pricing rooms, what should the price of a room night be at the High Towers Center?a. $80b. The answer cannot be determined from the information given.c. $140d. $110
Business
1 answer:
joja [24]3 years ago
4 0

Answer:

a. $80

Explanation:

investment made                                         $24,000,000

Return required at $1 per 1,000                   $24,000

Number of rooms                                           300

Room rent should be = $24,000 / 300

                                    = $80

Therefore, The price of a room night be at the High Towers Center should be $80.

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Which one of the government actions would most enhance efficiency in a free market, according to most economists? regulating pro
aleksklad [387]

Answer: 1. statement d

2. statement d

Explanation:  This can be explained as follows :-

1.Government intervention should be done on those sectors that results in maximization of wealth. Private sector is the back bone of every  economy's free market, thus, protecting private property is the correct option.

.

2. Issuing patent right to the inventor will result in monopoly by that particular producer and that too of a necessary commodity hence option d is correct.

3 0
3 years ago
Depreciating assets:
tatyana61 [14]
Become less valuable over time
8 0
3 years ago
A manager checked production records and found that a worker produced 160 units while working 40 hours. In the previous week, th
alukav5142 [94]

Answer:

A. 4; 3.83 units per hour

B. Increases by 4.44%.

Explanation:

Given that,

Current period:

Output = 160 units

Input = 40 hours

Previous period:

Output = 138 units

Input = 36 hours

A. Current period productivity:

= Current period output ÷ Current period input

= 160 units ÷ 40 hours

= 4 units per hour

Previous period productivity:

= Previous period output ÷ Previous period input

= 138 units ÷ 36 hours

= 3.83 units per hour

B. Percentage change in worker's productivity:

= [(change in productivity) ÷ Previous period productivity] × 100

= [(4 - 3.83) ÷ 3.83] × 100

= (0.17 ÷ 3.83) × 100

= 0.0444 × 100

= 4.44%

Therefore, the worker's productivity increases by 4.44%.

3 0
3 years ago
Supply chain management refers to a set of approaches and techniques firms employ to efficiently and effectively integrate their
gizmo_the_mogwai [7]

Answer:

suppliers (or vendors)

Explanation:

Supply chain management refers to how the company manages:

  • the distribution and storing of materials needed to manufacture a product (upstream)
  • the inventory management of materials, components and final goods
  • the distribution of finished goods to final customers using different  downstream channels (wholesalers, retailers, etc.)

4 0
3 years ago
PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales
padilas [110]

Answer:

Net income = $169.2

Growth in dividend = 76.25%

Explanation:

The projected figures are as below:

Sales = $700 x (1 + 15%) = $805 <em>(15% increase in sales)</em>

Operating costs including depreciation = $805 x 60% = $483 <em>(60% of sales)</em>

Interest expense = 40 <em>(remain constant)</em>

EBIT = Sales - Operating costs including depreciation = $805 - $483 = $322

EBT = EBIT - Interest expense = $322 - $40 = $282

Net income = EBT x (1 - Tax rate) = $282 x (1 - 40$) = $169.2

Dividend = Net income x Dividend payout ratio = $169.2 x (32/96) = $56.4

Growth in dividend = $56.4/$32 = 76.25%

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4 0
3 years ago
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