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Alenkasestr [34]
3 years ago
9

Randy arrived at the hotel to find that, although he had a guaranteed reservation, the hotel had no rooms available. He became a

ngry when the hotel made him a reservation at a more expensive hotel but refused to pay the difference in room rates. Randy was upset because, in his opinion, the hotel's solution did not incorporate
Business
1 answer:
KatRina [158]3 years ago
5 0

Answer:

And he has reasons to be angry. The hotels usually are part of a large chain that can provide service for costumers to be happy in the given case that something like what you described happens. The hotel is not taking into account the interest and concerns of it's costumer and that will greatly affect  the reputation the have.

Explanation:

When a company "Guarantee" a service or product is under the moral obligation to satisfy the costumer on the terms previously agreed on. Managers should be aware that failing to fix the problem will no doubt affect the perception of possible clients in the future.

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The _ is the financial statement describing a firms yearly cash receipts and cash payments
erastova [34]
Statement of cash flows....
6 0
3 years ago
Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $
Genrish500 [490]

Answer:

1. Swoop = $50

Rufus = $45

2. Optima mix = 40, 000 units of Swoop and 9, 091 units of Rufus

3. $336, 365

Explanation:

We will assume that a maximum of 40, 000 units of each sweat shirts can be sold.

1. Contribution margin is the selling price minus all the variable costs associated with the product. The total contribution margin represents the amount of earnings that are available to pay for fixed costs after paying for variable costs.

                                                                   Swoop    Rufus

Contribution per margin            $ 5    $ 15

Required machine time per unit^      0.10           0.33

Contribution margin per machine time $50    $45

^ 0.10 = 6 minutes per Swoop units / 60 minutes

0.33 = 20 minutes per Rufus unit / 60 minutes

2. Optimal product mix refers to the variety of products that a business offers to its customers. Companies determine their optimal mix for their business as this optimizes the potential unit sales while maintaining or improving the company’s profitability.

Since Swoop yields the highest contribution margin per hour of machine time [$50], we will prioritize producing all pf the Swoop T-shirts that the market can take, i.e. to meet the demand.  

Machine time required for the maximum amount of Swoop = 40, 000 x 0.1 hours = 4, 000 hours needed to manufacture the Swoop t-shirts.  

The remaining machine hours will manufacture the Rufus T-shirts.

7, 000 – 4, 000 = 3, 000 hours.

3, 000 / 0.33 = 9, 091 units.

Therefore, the optimal mix is 40, 000 units of Swoop sweat shirts and 9, 091 units of Rufus sweat shirts. This will take up all the machine hours available.

3. Total contribution margin for the optima mix = (40, 000 x $5) + (9, 091 x $15) = $336, 365

3 0
3 years ago
On January 2013, Pennington Bancorp acquired $100,000 of marketable securities and classified them as Available for Sale. On Mar
saveliy_v [14]

Answer:

b. Net Income

e. Cash from Investing Activities

Explanation:

Calculation to determine Which of the following items would be increased by the sale of the marketable securities

Using this formula

Gain from investment = Selling price of the security - Value of the security

Let plug in the formula

Gain from investment= $93,000 - $85,000

Gain from investment= $8,000

Based on the above calculation The sell of marketable security will INCREASE CASH which means that CASH FROM INVESTING ACTIVITIES will increase and NET INCOME will increase.

Therefore the items that would be increased by the sale of the marketable securities are :

b. Net Income

e. Cash from Investing Activities

4 0
3 years ago
Gathering data is one of the focus areas in the ____________ step of decision making.
igomit [66]
2nd step is the correct answer:(
5 0
3 years ago
Prior to 2021, John Inc. used sum-of-the-years'-digits depreciation on its store equipment. Beginning in 2021, John Inc. decided
TEA [102]

Answer:

Would report depreciation expense of $400,000 in its 2021 income statement

Explanation:

Calculation to determine what John will report as depreciation expense

First step is to calculate the Book value at 1/1/2021

Book value at 1/1/2021= $3,000,000 [(5/15 x $3,000,000) + (4/15 x $3,000,000)

Book value at 1/1/2021= $1,200,000

Now let calculate the New depreciation

New depreciation= $1,200,000 ÷3

New depreciation= $400,000 per year for 2021-2023

Therefore To account for the change in 2021, John Inc.:Would report depreciation expense of $400,000 in its 2021 income statement

4 0
3 years ago
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