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victus00 [196]
3 years ago
6

A common room pricing strategy used by hotels is to price each day for which this room can be reserved, as discussed in the lect

ure. The price of a stay is then the sum of the day prices spanned by the stay (i.s., checkin and checkout dates). Full-service airlines, as you may already know, typically price itineraries. a. Explain the differences between day pricing of hotel rooms and the pricing of airline itineraries
Business
1 answer:
riadik2000 [5.3K]3 years ago
8 0

Answer:

Explanation:

The differences between day pricing of hotel rooms and the pricing of airline itineraries can be summarized based on what the product is, what the resource is, and what is being priced.

For Airline,

The product: itineraries

The resource: flight legs used by the itinerary

What is being priced: itinerary (the product).

For Hotel,

The product: multi-day stay

The resource: room on a particular day

What is being priced: room on a particular day (resource). The price of the multi-day stay (product) is the sum of the prices of each particular day (resource).

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In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T
Juli2301 [7.4K]

Answer:

Explanation:

                                                     2021            2022          2023

Bills during the year               2,180,000   2,644,000  5,176,000

Cost incurred in the year       2,016,000   2,808,000  2,613,600

Cumulative cost to date         2,016,000   4,824,000   7,437,000

Estimated cost to complete   5,184,000    2,376,000         0

Estimated total cost                7,200,000    7,200,000     7,437,000

percentage completion

2,016,000/7,200,000*100 =28%

4,824,000/7,200,000*100 = 67%

7,437,000/7,437,000 *100=100%

Percentage Completion                 28                 67              100

Contract price                           10,000,000

Less cumulative cost                 (7,437,000)

Gross profit                                 2,563,000

Contract value 2021  10,000,000* 28 %  =2,800,000

                          2022 10,000,000* 67%    = 6,700,000

                          2023  10,000,000*1005  = 10,000,000

Contract value                           2,800,000     6,700,000    10,000,000

less revenue recognized                                   2,800,000     6,700,000

                                                    2,800,000       3,900,00       3,300,000

less cost incurred in the year  2,016,000        2,808,000     2,613,000

Profit recognized                        784,000          1,092,000      687,000

8 0
3 years ago
Samuel owns a bond with a par value of $5,000 and a coupon rate of 5 percent. he will receive _____ in annual interest until the
tester [92]
Given:
Par value of the bond : 5,000
coupon rate of the bond: 5%

par value x coupon rate = annual interest

5,000 x 5% = 250 annual interest

Samuel will receive an annual interest of $250 until the bond reaches maturity, or he sells the bond to someone else.

Regardless of the changes in bond prices in the market, Samuel will always receive a fixed annual interest of 250 from his bond.


4 0
3 years ago
When the laptop market overtook the desktop market, blue tech inc., a leader in desktop technology, was left at a competitive di
Sedaia [141]

In this scenario, Blue Tech Inc.'s failure can be best attributed to <u>"Time compression diseconomies."</u>


We accept time compression diseconomies where the snappier a firm builds up the asset, the higher the improvement cost. We demonstrate that time compression diseconomies normally offer ascent to asset heterogeneity and henceforth upper hand in that one firm builds up the asset quicker than the other. We evaluate the supportability of the upper hand, determine conditions  

under which the asset is "incomparable" and demonstrate that firm benefits are nonmonotonic in the degree of time compression  diseconomies.

5 0
3 years ago
The Magnuson-Moss ______ Act directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products
Montano1993 [528]

Answer: Warrantly

directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products.

3 0
3 years ago
Consider this scenario. During the early 2000s, the Midwestern United States experienced a drought, or lack of rainfall. This ru
Nikitich [7]
A. increase the price of tortillas
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