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3 years ago

The three commonly used terms to describe levels of service are self-service, limited-service, and full-service.

1 answer:

3 0

These three terms should not be interchanged in a Hospitality and Recreation Management Business. These are the meanings of each:
a. self-service - the customer does all the work on his own (i.e. get water, spoon and fork)
b. limited-service - a usual scenario seen in fast-food chains
c. full-service - hotel services and recreational amenities offer this kind of service.

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Accounts receivable $1,050,000

dimulka [17.4K]

Answer:

c. $ 84,000 increase

Explanation:

The entry when the company wrote off uncollectible accounts:

Debit Allowance for Doubtful Accounts $16,000

Credit Uncollectible accounts $16,000

It makes Account receivable decrease: $16,000

In 2007, Sales on account that were not collected = $290,000 - $172,000 = $118,000

It makes Account receivable at the end of the year increase: $118,000

At 12/31/07,

1. Accounts receivable was: $1,050,000+$118,000-$16,000=$1,152,000

2. Cash realizable value = Accounts receivable - Allowance for Doubtful Accounts = $1,152,000 - $108,000 = $1,044,000

From 12/31/06 to 12/31/07, cash realizable value from the balance increase:

$1,044,000 - $960,000 = $84,000

7 0

2 years ago

A stock has had the following year-end prices and dividends:Year Price Dividend1 $ 64.73 â 2 71.60 $ .68 3 77.40 .73 4 63.67 .79

balandron [24]

Answer:

Arithmetic average return = 7.23%

Geometric average return=6.44%

Explanation:

Calculation for the Arithmetic average return

First step is to calculate the return for each year

Using this formula

Return=(Current year price amount-Previous price amount + Current year dividend)/ Previous year price amount ×100

Let plug in the formula

Year 1 Return= ($71.60-$64.73 + $.68) / $64.73

Year 1 Return=$7.55/$64.73

Year 1 Return= 11.66%

Year 2 Return= ($77.40-$71.60 + $.73) / $71.60

Year 2 Return=$6.53=$71.60

Year 2 Return = 9.12%

Year 3 Return= ($63.67-$77.40 +$ .79) / $77.40 Year 3 Return=$-12.94/$77.40

Year 3 Return=-16.72%

Year 4 Return= ($73.91-$63.67 +$ .88) / $63.67

Year 4 Return=$11.12/$63.67

Year 4 Return = 17.47%

Year 5 Return= ($83.75-$73.91 + $.95) / $73.91 Year 5 Return=$10.79/$73.91

Year 5 Return= 14.60%

The second step is to calculate the arithmetic average return

Using the formula

Arithmetic average return = (Addition of the each year return percentage /Numbers of years)

Let plug in the formula

Arithmetic average return (.1166 + .0912-.1672 + .1747 + .1460) / 5

Arithmetic average return =0.3613/5

Arithmetic average return = .0723 ×100

Arithmetic average return = 7.23%

Calculation for the geometric average return

Using this formula

Geometric average return=(1+Each year return percentage)^1/Numbers of years-1)

Let plug in the formula

Geometric average return== [(1 + .1166)×(1 + .0912)×(1-.1672)×(1 + .1747)×(1 + .1460)]^1/5-1

Geometric average return=[(1.1166)×(1.0912)(0.8328)×(1.1747)×(1.146)]^1/5-1

Geometric average return=(1.366011)^1/5-1

Geometric average return=1.0644

Geometric average return=1.0644-1

Geometric average return=0.0644

Geometric average return=0.0644 ×100

Geometric average return=6.44%

Therefore the Arithmetic average return is 7.23% while Geometric average return is 6.44%.

3 0

3 years ago

FunnyTime Products uses humor in its ads to communicate with its fun-loving consumers. What type of ads does FunnyTime Products

pashok25 [27]

Answer: (C) Emotional

Explanation:

The emotional advertisement is one of the type of emotional based appeal advertisement process that helps in communicating with the customers or consumers.

The emotional based advertisement include all the types of emotions so that the customers feel connected with the brand and the products in the market.

According to the given question, the Funny-time products is basically using the emotional advertisement for communicating with the fun-loving customers. Therefore, Option (C) is correct answer.

7 0

3 years ago

Madison Foods Corp. is frustrated in its efforts to sell products in Europe because several countries are demanding that the com

mixer [17]

Answer: Trade obstacle

Explanation:

From the information given, we can infer that the demands are examples of trade obstacle.

Trade obstacles refers to the barriers which hinder a trade or the restrictions on an international trade. Trade obstacles can be tariffs or other non-tariff methods. Trade obstacles lead to difficulties in the sale of a product to other countries.

4 0

3 years ago

The economic inefficiency of a monopolist can be measured by the A. area above marginal cost but beneath demand from the monopol

Reil [10]

Answer:

The correct answer is option D.

Explanation:

A monopoly firm is neither productively nor allocative efficient. The reason behind this is that it does not utilize the resources efficiently and produces below the socially optimal level of output.

Unlike perfect competition, which produces at the point where price equals marginal cost, a monopolist produces at the point where the price is greater than marginal cost.

This inefficiency is visible through the decrease in consumer surplus and deadweight loss. The difference between socially optimal level of output and monopoly output also represents inefficiency. The value of the goods and services that could have been made if monopolist chose to produce at a socially optimal level also shows inefficiency.

7 0

3 years ago