Answer:
For the off-peak months of the year, the best marketing strategy would be a combination of offering lower prices, and an increased spending in advertising.
The lower prices can attract potential customers who are otherwise unwilling to go to the hotel during the off-peak period, and the increased spending in advertising can attract more customer, enlarging the potential customer base, or customer pool.
Answer:
All options apply
Explanation:
i) The government can establish antitrust laws to increase market competition.
ii) The government can set rules that regulate the behavior of monopolies, e.g. setting price ceilings
iii) Some natural private monopolies can be bought by the government (usually local or regional) and turned into public companies, e.g. utilities
iv) The government can simply do nothing at all and hope that the market will by itself correct this issue when new competitors enter the market, e.g. Microsoft
Answer:
A) planning
Explanation:
Planning starts with determining where do you want your company to be in X amount of time, and what are your companies objectives (sales, profits, brand portfolio, structure, etc.), and how do you plan to get there and accomplish your objectives.
Planning helps to be future oriented, it is always better to set a goal and plan how to achieve it. A well designed plan can help you make business decisions that will help you accomplish it. Even the best plan cannot eliminate risk, but it can help to lower it.
Answer: See explanation
Explanation:
It should be noted that adjusting entries are normally made at the conclusion of an accounting period so that the income and expenditure will be allocated to the particular period when they took place.
Prepaid rent is calculated as:
= 2660 × (36-5)/36
= 2660 × 31/36
= 2290.56
Unearned revenue:
= 8000 × 11/48
= 1833.33
Accrued interest:
= 3400 × 12% × 8/12
= 3400 × 0.12 × 8/12
= 272
Salary expense:
= 2500 × 4/5
= 2000
The adjusting entry has been attached.
Answer: $225
Explanation:
Deadweight loss is caused by inefficient allocation of the resources or when both the supply and the demand for a product aren't in equilibrium.
The deadweight loss will be calculated as:
= 1/2 base × height
= 1/2 × 15 × 30
= $225