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zlopas [31]
3 years ago
11

Convention hotels provide meeting rooms and banquet hotels to convention participants. Sometimes a specific convention may invol

ve 2000 members or only 75 members. To take care of both sizes of groups, convention hotels have movable walls that allow them to expand or contract a facility as needed by the group. By modifying its facility, the convention hotels are able to:
Business
1 answer:
Kryger [21]3 years ago
3 0

Answer:

adjust capacity to match demand

Explanation:

Based on the information provided in regards to the Convention hotels, it can be said that by modifying its facility, the convention hotels are able to adjust capacity to match demand. This is because if the convention event is bringing an occupational demand of 2000 members then the hotel can expand it's walls, thus adjusting to the capacity that the demand requires. The same goes for smaller demand, they can just shorten the walls to shrink the venue so that it is more comfortable for the guests.

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Glen wants to take a holiday that costs $8,850, but currently he only has $2,750 saved. if he invested his money at 8 percent in
Katarina [22]
<span> <span>Solution:

A = P(1+r)^n

where,
A = amount
P = principal
r = rate of interest
n = number of years

Putting values in the formula,

8850 = 2750(1+0.08)^n

8850/2750 = (1+0.08)^n
log will be used to solve "n" as it is in the exponent form, which gives,

log(8850/2750) = n log(1+0.08)

By solving, we get n = log(8850/2750) / log(1+0.08)

Using financial calculator, value comes as 15.187 rounded to 15.19.

So, he will have to wait for 15.19 years to take holidays as it will take 15.19 years to make $8850 from $2750 @ 8% annual compounding.</span> </span>
4 0
3 years ago
PLEASE HELP!!! ONLY GOOD ANSWERS,
Helga [31]

The sooner you need the money, the less risk you will be willing to take on.

If you have until you retire, you may be more willing to gamble on riskier investments for the potential of bigger returns because if it doesn't work out you will still have plenty of time to make up the loss. However, if you need the money sooner for a car you should only take on a minimal amount of risk.

7 0
3 years ago
A recent memo from the Marketing Department stated that sales will go up next month because a new advertising campaign is being
statuscvo [17]

Answer:

B) The increased title sales will offset advertising costs.

Explanation:

I solved this using an elimination process, since we can infer:

  • that customer demand should increase due to the new advertising campaign.
  • the sales of the new title should help increase the total sales volume.
  • since the advertising campaign is about the new title, it sales should be affected by it.
  • hopefully a lot of customers that listen or watch the advertising campaign will buy the new title.

The only thing that we are not given any information about is the cost of the advertising campaign, so there is no way we can tell if the increased sales will offset the costs.

7 0
3 years ago
Income statement under absorption costing and variable costing
Len [333]

Answer:

unitary product cost= $102

Explanation:

Giving the following information:

Manufacturing costs Direct materials per unit $60

Direct labor per unit $22

Variable overhead per unit $8

Fixed overhead for the year $528,000

Units produced= 44,000

The absorption costing method includes all costs related to production, both fixed and variable<u>. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. </u>

Fi<u>rst, we need to calculate the unitary fixed overhead:</u>

Unitary fixed overhead= 528,000/44,000= $12

<u>Now, the unitary product cost:</u>

unitary product cost= 60 + 22 + 8 + 12

unitary product cost= $102

4 0
3 years ago
If you had a choice how much are you willing to pay per month to have access to and use the various social media platforms?​
svet-max [94.6K]

Answer: $10 per month

Explanation:

$10 would be an ideal amount for me to pay to have access to the various social media sites if the major sites are on offer.

I think this amount reasonable because I do not use social media all that much but I would still like access to a variety of them. I would essentially therefore, be paying for my reduced time on the net.

Some might say that the companies might not make a profit if they charge $10 a month but I think they will because they make most of their money from ads so it would be good for them to offer the lowest subscription prices so that they can capture more people which will appeal to advertisers.

6 0
2 years ago
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