Answer:
The demand for hotel rooms is inelastic
Explanation:
An inelastic demand is the one that is not very sensitive to price changes (the price elasticity of demand is less than one). In this case, even though the RitzminusCarlton hotel cut they rates by $50 per night, they did not see a significant response in occupancy. It is not perfectly inelastic because in that case the RitminusCarlton hotel would not have seen any changes in occupancy (they saw a response in occupancy, but it was not meaningful). In the demand and supply graph, an ineslatic demand curve is steeper than the normal one. The more inelastic the more steeper the curve.
Rosario most likely attended a situational interview. Situational interview questions ask you to reply hypothetically to a circumstance that might arise at work.
In these interviews interviewer is interested in learning how you would respond to a problem at work. Then, your reply will be compared to those of the other applicants.
Situation-based interview questions frequently ask candidates to solve problems and deal with challenging situations at work.
The best responses to scenario-based interview questions give specific instances of how you handled situations comparable to the one in question. However, you can also share some details about how you expect you would react to the situation. By doing this, you'll be giving the interviewer knowledge that is based on situations you actually encountered and overcame.
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Answer:
$7,400
Explanation:
The computation of the accrued Warranty Payable at December 31, 2019 is shown below:
= Opening balance in accrued warranty payable + warranty expense - defective products
= $1,100 + $19,100 - $12,800
= $7,400
We simply applied the above formula so that the Accrued Warranty Payable at December 31, 2019 could come
Answer: $26.48
Explanation:
The total cost of producing 2,000 units of Job 434 is;
= Direct materials + Direct labor cost + Manufacturing overhead cost
= 41,000 + (620 hours * 13 ) + ( 10 * 390 hours)
= $52,960
Unit product cost:
= total cost/ no. of units
= 52,960/ 2,000
= $26.48
A public opinion is defined as an individual's opinions or experiences about a particular topic.
