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.
 
        
             
        
        
        
It is the bank routing number
        
                    
             
        
        
        
Answer:
$106 million
Explanation:
                                allowance for doubtful accounts
                                debit             credit
beg. balance                                   426
bad debt                                           85         
ending balance       <u>405                        </u>
                                                         106
Since you need $106 million to balance the account, that should be the amount of bad debt written off during the current year. Allowance for doubtful accounts is a contra asset account, any debit balance increases accounts receivable while a credit balance decreases it. 
 
        
             
        
        
        
Answer:
n= 65.27 years
Explanation:
Giving the following information:
Present value (PV)= $2,000
Future value (FV)= $4,500
Interes rate (i)= 1.25% annual compounding
<u>To calculate the number of years required to reach the objective, we need to use the following formula:</u>
n= ln(FV/PV) / ln(1+i) 
n= ln(4,500 / 2,000) / ln(1.0125)
n= 65.27 years