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velikii [3]
3 years ago
8

Video Transcript:[ Music ]Well the Ocean House has been here since 1868 and in 2003, the hotel was closed because it didn't meet

fire code in Rhode Island anymore. Hi, my name is Daniel Hostettler and I am the president and group managing director of The Ocean House. A developer purchased the property and was going to raze it and build five to six mansions in its place. And Charles Royce lived down the street as summer resident of the community and felt that really shouldn't happen to such a historic property and so embarked on a seven year project to essentially take it down piece by piece and create an exact replica. So we have the best of both words.>> We got confirmation on the editor from Condé Nast, right?
Business
1 answer:
Serga [27]3 years ago
5 0

Answer:

This was True in 2003.

Explanation:

This plan was in 2003 when Ocean House fell into disrepair.  The new Ocean House —created to replicate the original design, with all 247 windows in their original positions and some 5,000 artifacts salvaged from the original—opened in 2010, and in 2012 joined Relais & Châteaux. While the outside retains the look of the old, the rooms inside are modern and far larger. This 152,000-square-foot facility contains a mere 49 rooms and 18 suites. Most have water views.

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The data below relate to the month of April for Monroe, Inc., which uses a standard cost system and a two-variance analysis of f
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Answer:

Fixed overhead absorption rate

= <u>Budgeted fixed overhead</u>

  Budgeted activity level

= $<u>12,000</u>

    16,000 hours

= $0.75 per hour

Production volume variance

= (Standard hours - Budgeted hours) x Fixed overhead rate

= (16,250 - 16,000) x $0.75

= $187.5(F)

The correct answer is A

Explanation:

First and foremost, we need to calculate fixed overhead absorption rate, which is the ratio of budgeted fixed overhead to budgeted hours. then, we will calculate the production volume variance, which is the difference between standard hours and budgeted hours multiplied by fixed overhead absorption rate.

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3 years ago
When Steven askes questions in an open-minded way, he avoids:
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3 years ago
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Identify the examples of good internal controls designed to protect cash received in the mail. (check all that apply.)
adoni [48]

Two people are assigned the task of, and are present for, opening the mail. The recordkeeper and the person who reconciles the bank balance do not have access to cash.

An organization may define internal controls as a set of policies and practices to safeguard its resources, increase productivity, improve financial accountability, ensure corporate guidelines, and stop employee fraud. Since there is a precise and trustworthy accounting system, internal controls are meant to ensure that loss is eliminated. Internal control involves the timely use of both internal and external auditing or financial reporting resources. As a result, it helps maintain correct and proper financial records, which also helps increase operational effectiveness. Internal controls that are implemented correctly aid in improving operational effectiveness, safeguarding assets, providing accurate financial information, preventing fraudulent or illegal behavior, and timely filing of financial reports.

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3 0
2 years ago
How do consumer credit counseling services help individuals with excessive debt?
Ulleksa [173]

Answer:

They negotiate with creditors to reduce interest rates and fees

Explanation:

i just did the test and got it right

5 0
3 years ago
Changes in the equilibrium interest rate will Group of answer choices . affect both the size of the domestic output and the allo
vodomira [7]

Answer:

Changes in the equilibrium interest rate

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Explanation:

Changes in interest rates affects the demand for goods and services and, thus, aggregate investment spending. A decrease in interest rates lowers the cost of borrowing, which encourages industries to increase investment spending.  

The aggregate demand is determined by consumption demand and investment demand. When the rate of interest falls the level of investment increases and vice versa

An increase in the equilibrium interest rate affects demand for money. This increase in demand raises the equilibrium interest rate.

Households and businesses then try to decrease their cash holdings by purchasing bonds affecting both the size of the domestic output and the allocation of capital goods among industries.

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