Answer:
1. Create and give innovative experience.
2. Brand and reputation operation
3. Improvement in workers general welfare
Explanation:
As a manager in an hotel, I would Improve the facets of the hotel by
1. Create and give innovative experience. As a manager, I would ensure the hotel create and delivers top notch service considering there are competition in the hospitality industry.
2. Brand and reputation operation. When customers receives a world class experience, reputation is being created here. I would then sustain this reputation by making it a brand upon which the hotel will be identified with subsequently.
3. Improvement in workers general welfare. This is very critical to the success of the hotel. Once workers are well paid , it would spur them to work and align with the vision I have for the hotel.
Answer:
a. How much will Ruby’s IRA be worth when she needs to start withdrawing money from it when she retires?
the future value of Ruby's IRA = $10,000 x 21.725 (FV factor, 8%, 40 periods) = $217,250
b. How much money will she have to accumulate in her company’s 401(k) plan over the next 40 years in order to reach her retirement income goal?
she needs to accumulate $875,000 - $217,250 = $657,750 during the next 40 years
the annual contribution = FV / FV annuity factor = $657,750 / 259.057 (FV annuity factor, 8%, 40 periods) = $2,539.02 per year
Answer:
13.42%
Explanation:
The computation of return on equity is shown below:-
Debt = Assets × ( Debt to assets ratio)
$155,000 × 37.5%
= $58,125
Equity = Total Assets - Debt
= $155,000 - $58,125
= $96,875
Old Return on equity = Old Net Income ÷ Equity
=$20,000 ÷ $96,875
= 20.64%
New Return on equity = New Net Income ÷ Equity
= $33,000 ÷ $96,875
= 34.06%
Increased in Return on equity = New Return on equity - Old Return on equity
= 34.06% - 20.64%
= 13.42%
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