The hospitality and tourism industry grew out of what activity?

Tanzania [10]

Answer:

The law of demand dictates that when prices go up, demand goes down – and when prices go down, demand goes up. For instance, a baker sells bread rolls for $1 each. They sell 50 each day at that price. However, when the baker decides to increase to price to $1.20 – they only sell 40

Explanation:

7 0

2 years ago

Marci spends 8 hours researching and writing a 26-page report for her philosophy class. Jack brags that he has a "streamlined

Leno4ka [110]

Answer:

Productivity is measured by the amount of output per unit of input.

In this case, the inputs will be the hours spent doing research and writing their essays. Output will equal the amount of pages written.

Marci spent 8 hours and wrote a 26 page long report, so her productivity = 26 pages / 8 hours = 3.25 pages per hour

Jack spent 20 hours and wrote a 26 page long report, so his productivity = 26 pages / 20 hours = 1.3 pages per hour

Marci is much more productive in terms of hours spent doing and writing, and how long the report is.

The problem with this type of analysis is that we do not know if Marci's report was good or bad, and the same applies to Jack's. Since we do not know what grade they got, we cannot be sure how effective their work was.

7 0

3 years ago

Find the present value of $19,000 in 11 months at 5.1% interest

dem82 [27]

Answer:

$19,886.396

Explanation:

Given :

Interest rate = 5.1% = 5.1

Principal = $19000

Period = 11 months = (11/12)year

The present value of 19000 in 11 months at 5.1% interest Can be obtained using the relation:

PV = P(1 + r)^n

PV = 19000(1 + 0.051)^(11/12)

PV = 19000(1.051)^(11/12)

PV = 19000 * 1.0466524

PV = 19886.396

Hence, the present value is $19,886.396

5 0

3 years ago

Multiple Versus Single Overhead Rates, Activity Drivers Deoro Company has identified the following overhead activities, costs, a

WINSTONCH [101]

Answer:

Deoro Company

1. Unit cost using direct labor hours to apply overhead:

Unit Cost

Model A $167.985

Model B $226.99

2. Unit cost using the four activity drivers:

Unit Cost

Model A $133.97

Model B $287.28

3. Activity-based costing method always produces the more accurate cost assignment.

Explanation:

a) Data and Calculations:

Activity Expected Cost Activity Driver Activity Capacity

Setting up equipment $548,080 Number of setups 680

Ordering costs 313,200 Number of orders 17,400

Machine costs 939,400 Machine hours 42,700

Receiving 343,000 Receiving hours 9,800

Total overhead costs $2,142,680

Activity Rates:

Setting up equipment $806 per setup ($548,080/680)

Ordering costs $18 per order ($313,200/17,400)

Machine costs $22 per machine hour ($939,400/42,700)

Receiving $35 per receiving hour ($343,000/9,800)

Model A Model B

Direct materials $600,000 $800,000

Direct labor $480,000 $480,000

Overhead applied $1,063,500 $1,018,200

Total costs $2,143,500 $2,298,200

Units completed 16,000 8,000

Cost per unit $133.97 $287.275

Direct labor hours 6,000 2,000

Number of setups 400 200

Number of orders 6,000 12,000

Machine hours 24,000 18,000

Receiving hours 3,000 7,000

The company's normal activity is 8,000 direct labor hours.

Assignment of overhead costs:

Model A Model B

Number of setups $322,500 (400 * $806) $161,200 (200 * $806)

Number of orders 108,000 (6,000 * $18) 216,000 (12,000 * $18)

Machine hours 528,000 (24,000 * $22) 396,000 (18,000 * $22)

Receiving hours 105,000 (3,000 * $35) 245,000 (7,000 * $35)

Total overhead applied $1,063,500 $1,018,200

Overhead based on direct labor hours:

Total overhead costs = $2,143,680

Total direct labor hours = 8,000 (6,000 + 2,000)

Overhead rate per DLH = $267.96

Allocation of overhead:

Model A Model B

Direct labor hours 6,000 2,000

Overhead (DLH) $1,607,760 ($267.96 *6,000) $535,920 ($267.96 * 2,000)

Model A Model B

Direct materials $600,000 $800,000

Direct labor $480,000 $480,000

Overhead applied $1,607,760 $535,920

Total costs $2,687,760 $1,815,920

Units completed 16,000 8,000

Cost per unit $167.985 $226.99

4 0

3 years ago

An important social trend is the continued concern for health and well-being in the United States. This is most likely evidenced

yulyashka [42]

An important social trend is the continued concern for health and well-being in the United States is most likely evidenced by the introduction of fitness trackers such as the Fitbit.

<h3>What is social trend?</h3>

It should be noted that social trend simply means

the movement of a particular trend or its growth.

In this case, an important social trend is the continued concern for health and well-being in the United States is most likely evidenced by the introduction of fitness trackers such as the Fitbit

Learn more about social trend on:

brainly.com/question/2926894

#SPJ1

7 0

2 years ago