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
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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The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
1. Insurance expense for 6 months = 12,960 x 6/36
= $2,160
Prepaid insurance on December 31, 2021 = 12,960 - 2,160
= $10,800
2.Interest expense for 2 months = 220,000 x 12% x 2/12
= $4,400
Kindly comment if you need further assistance. Thanks
The correct answer is letter D. <span>complete the task by doing as much as possible. </span>Your supervisor has asked you to complete a task with three coworkers. In order to impress your supervisor, the best plan would be to complete the task by doing as much as possible.
