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2 years ago

What term is used for turning a guest away from the hotel due to overbooking?

Business

1 answer:

Sliva [168]2 years ago

4 0

The term when hotels turn guests away because their rooms are overbooked is called “walking” or “walked”.

Overbooking is <u>a situation where a business sells a good or service when the supply for this transaction is actually not available</u>.

Overbooking can happen when current guests increase their stay without further notice or when a room is not proper for a guest to stay in. It can also happen when hotels purposefully gave a room during busy seasons to more than one guest – thinking that perhaps one of them might cancel.

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You have two options for how to spend the afternoon. you can either go see a movie with your roommate or work as a tutor for the

erma4kov [3.2K]

Answer: Economic Surplus : $12

Explanation: Economic surplus is the difference between benefit and cost.

In this case, since he is working as a math tutor, he will get $45, there is no other cost. But if he goes for a movie, he will have to spend $12 on movie, which is the cost he needs to bear. The economic surplus is $12 which is not spent on the movie and worked as a math tutor.

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2 years ago

What do firms stand to gain by increasing their market power

Ivahew [28]

Answer:

Increase in profit.

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2 years ago

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You purchased an annual interest coupon bond one year ago that had six years remaining to maturity at that time. The coupon inte

Marat540 [252]

Answer:

The correct answer to the following question will be "8%".

Explanation:

The given values are:

Number of years of maturity = 5 years

Interest rate of coupon = 10%

= 10%×1000

= 100

Yield to maturity, YTM = 8%

As we know,

Price of Bond = PV of Coupons + PV of Per Value

On putting the values in the above formula, we get

⇒ = $\frac{100\times (1-(1+8 \ percent^{-5}))}{8 \ percent} +\frac{1000}{1+8 \ percent^{5}}$

⇒ = $1079.85$

After 1 years, we get

Price of Bond = PV of Coupons + PV of Per Value

On putting the values in the above formula, we get

⇒ = $\frac{100\times (1-(1+8 \ percent^{-4}))}{8 \ percent} +\frac{1000}{1+8 \ percent^{4}}$

⇒ = $1066.24$

Now,

The total return rate = $\frac{(1066.24-1079.85+100)}{1079.85}$

= $\frac{86.39}{1079.85}$

= $8 \ percent$

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2 years ago

An investment has the option of daily compounding, monthly compounding, or annual compounding. The present value of this investm

Readme [11.4K]

Answer:

True

Explanation:

The statement ' An investment has the option of daily compounding, monthly compounding, or annual compounding. The present value of this investment will be lowest when the investment is compounded daily ' is true.

Investment refers to the process of investing money to earn money.

Investment refers to purchasing goods that may not be used today but are consumed in the future to create wealth.

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2 years ago

On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Al

erik [133]

Answer:

Given:

On January 2, 2016:

Issued 15,000 shares of $10 par value

Common stock for $15 per share

On March 1, 2016: Alpha reacquired 1,000 of these shares when they were trading $20 each.

On September 1, 2016: Alpha reissued 500 shares of treasury stock at the going market rate of $25 per share.

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3 years ago