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son4ous [18]
3 years ago
10

The accounting manager of Gateway Inns has noted that every time the inn's average occupancy rate increases by 3.3 percent, the

operating cash flow increases by 4.6 percent. What is the degree of operating leverage if the contribution margin per unit is $47?
Business
1 answer:
Archy [21]3 years ago
8 0

Answer: 26.15

Explanation: The degree of operating leverage is calculated as the percentage change in operating income in relation to a percentage change in sales.

Thus the degree of operating leverage of Gateway inn is calculated thus:

DOL = Cont Margin/Operating income

DOL = 47/(4.6-3.3)

DOL = 47/1.3

DOL= 26.15

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Anton [14]

Answer:

$25

Explanation:

We can calculate intrinsic value by intrinsic formula

Formula : intrinsic Value = (purchased price- current price) x 100

intrinsic Value = (45-44.75) x 100

intrinsic  Value =  $25

5 0
3 years ago
Assume that a college student spends her income on Coke and Snickers. During finals week, the price of a Snickers candy bar is $
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Answer:

The answer is: 10 Snickers bars and 20 cans of Coke.

Explanation:

To find out what combination she can buy with her total income ($32.50) we can just multiply the price of each product by its quantity;

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  • If she buys 24 snickers bars and 12 cans of coke she will spend:

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8 0
3 years ago
attempt to avoid price competition, prefering instead to differentiate themselves by precisely targeting customer segments with
ELEN [110]

Answer:

Specialty store

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A specialty store is a retail business that specializes in a particular range of products and its related merchandise.  A specialty store will have an extensive depth of the merchandise that its stocks. For example, a business may focus on office supplies, men clothing, or household appliances as opposed to having a wide range of consumer products.

Specialty stores will often sell their products at a premium price. They offer excellent and friendly customer service. Employees at a specialty store have in-depth knowledge about their products and will provide expert advice to customers.

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the journal entry to record the loan:

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Dr Notes receivable 69,000

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the journal entry to record the collection of the note:

E.g. January 31, 202x, note collected from Ryan Company

Dr Cash 69,575

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