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ale4655 [162]
3 years ago
9

You own a franchise of rental car agencies in Florida. You recently read a report indicating that about 80 percent of all touris

ts visit Florida during the winter months in any given year, and that 60 percent of all tourists traveling to Florida by air rent automobiles. Travelers not planning ahead often have great difficulty finding rental cars due to high demand. However, during nonwinter months tourism drops dramatically and travelers have no problem securing rental car reservations. Determine the optimal pricing strategy for this situation. Block pricing Peak-load pricing Randomized pricing Two-part pricing
Business
1 answer:
maksim [4K]3 years ago
5 0

Answer:

Peak-load pricing

Explanation:

Prices are set in a way that high sales turnover are attracted and profit maximized. This makes it necessary for market situation to be studied and analysed during price setting for best pricing decision.

The optimal pricing situation for the situation in the scenario is Peak - load pricing.

In Peak-load pricing , higher prices are charged when demand is at its peak with few competitors in the market , and the price is dropped when the market suffers a drop in demand of such goods,

The aim to to take an advantage of the peak period in making a maximum income.

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3 years ago
A company has a total amount of 15 hours for one specific resource. The upper limit of this resource is 18 (the right-hand side
Greeley [361]

Answer: A. the company will be willing to pay a different amount for this resource.

Explanation:

The upper limit for the resource was 18 and anything up to 18 would have attracted the same shadow price (price company estimated it was willing to pay for access to this resource).

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A recent annual report for FedEx contained the following data:
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FedEx

Accounts Receivable Turnover

Numerator Net Credit Sales = 35,687 = 9.02 times

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Average Daily Accounts Receivable Turnover

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Credit is generally defined as an agreement between a lender and a borrower. Credit also refers to the creditworthiness or credit history of an individual or entity. In accounting, loans can reduce assets or increase liabilities, and can reduce expenses or increase income.

In personal banking or financial accounting, a credit is an entry indicating that money has been received. Normally, a checking account register has the balance (deposits) on the right and the debits (money spent) on the left. In a loan, all the requested amount is given at once at the time of lending, whereas in a loan, the bank uses the full amount of the loan to give the customer an amount that can be used as needed.

Learn more about Credit here brainly.com/question/26867415

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7 0
1 year ago
The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in payment of legal fees for organiz
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Answer: D. Common stock

Explanation:

Common stock refers to the security which represents ownership in a corporation.

The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in payment of legal fees for organizing a corporation includes a credit to the common stock.

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3 years ago
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Greater opportunity for tax planning.
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