Answer:
85 less rooms this year than last
Explanation:
The number of rooms (n) occupied for this month last year is given by the Room Revenue ($231,470) divided by the daily rate ($76.72):
The number of rooms occupied last year is larger than the number of rooms occupied this year by:
The hotel occupied 85 less rooms this year than last.
Answer:
(C) Asset Y, since its coefficient of variation is lower and its expected return is higher
Explanation:
Given the various probabilities (P) and returns (R) for Asset X and Asset Y, their expected return is computed as follows.
Asset X = 
= (0.1*-3%) + (0.1*2%) + (0.25*5%) + (0.25*8%) + (0.3*10%)
Expected return (Asset X) = 6.15%
Asset Y = 
= (0.05*-3%) + (0.1*2%) + (0.3*5%) + (0.3*8%) + (0.25*10%)
Expected return (Asset Y) = 6.45%.
Due to its higher expected return, Asset Y should be preferred.
The answer is option C because it contained a statement that Asset Y has a higher expected return.
Option (B) is wrong because we are not certain if Asset Y has a lower beta. We were not given any information to compute the beta.
Options (A), (D) and (E) are wrong because they did not specify Asset Y has the preferred asset.
Answer:
b. It may be used to estimate inventories for interim statements.
Explanation:
As we know that
Gross profit = Sales - the cost of goods sold
By doing the inventory valuation through the gross profit method, it estimated inventories for interim statements as these statements are covering the financial information that is less than a year so that the proper analysis could be made and in this, no auditing is required.
Therefore, for interim statements, the gross profit method is required.
Advantages:
<span>Current employees already know the rules, regulations and culture of the organisation.Employees have understanding of how the organisation operates and do not need an induction programme.The organisation knows employees and have detailed records from previous supervisorsOffering opportunities to internal employees may boost the morale of the staff members.Allowing employees to move vertically and horizontally within the organisation could reduce the possibility of her looking for another job.A positive image is created in the organisation</span>
Disadvantages:
<span>No new or fresh ideas are brought into the organisationThe job advertised may require skills not currently available within the organisationPromotion of an internal employee could cause resentment amongst other employees, who may feel they deserve the post more than the promoted employee.The number of applicants from which to choose may be too high or limited.It is possible to promote less qualified employees than those from outside of the organisation, in order to comply with the internal recruitment policy or the Employment Equity Act.Most internal applicants have been stagnant in their posts for so long and will not positively contribute any new ideas.Harden negative attitudes of internal employees cannot be changed by promotion.Lazy employees cannot suddenly change into ‘star’ employees because they have been promoted.<span>Contagious negative habits and behaviour by one negative employee can easily be passed on to other divisions.
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Answer:
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