A costumer-oriented organization places customer satisfaction at the core of each of its business decisions, it focuses on helping customers to meet their long-term needs and wants. An organization that uses this is Chron
Answer:
a) 120 skiers per day
b) 6.25% increase in revenue
Explanation:
a) If the average skier stays 10 days, the average turnover is 1/10 of the skiers per day, or 1200/10 = 120 skiers per day.
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b) For a stay of n days, the average skier spends ...
50 +(n-1)30 = 20 +30n
and the average spending per day is ...
(20 +30n)/n = (20/n) +30
So, for a 10-day stay, the average skier spends in restaurants ...
20/10 +30 = 32 . . . . per day
And for a 5-day stay, the average skier will spend ...
20/5 +30 = 34 . . . . per day
The change in restaurant revenue is expected to be ...
(34 -32)/32 × 100% = 2/32 × 100% = 6.25%
Restaurant revenues will be 6.25% higher compared to last year.
Answer:
0.25 or 25%
Explanation:
The computation of the gross profit rate is shown below:
Gross profit rate = Gross profit ÷ Net sales revenue
where,
Net sales revenue = Sales revenue - Sales Returns and Allowances - Sales Discounts
= $2,000,000 - $250,000 - $50,000
= $1,700,000
And, the Cost of goods sold is $1,275,000
So, the gross profit is
= $1,700,000 - $1,275,000
= $425,000
So, the gross profit rate is
= $425,000 ÷ $1,700,000
= 0.25 or 25%
Answer:
$4,687.50
Explanation:
The computation of the depreciation expense of the second year using the double-declining method is shown below:
First we have to determine the depreciation rate which is given below:
= One ÷ useful life
= 1 ÷ 4
= 12.5%
Now the rate is double So, 25%
In year 1, the original cost is $25,000, so the depreciation is $6,250 after applying the 25% depreciation rate
And, in year 2, the ($25,000 - $6,250) × 25% = $4,687.50
Answer:
= $877.32
Explanation:
<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).</em>
<em>Value of Bond = PV of interest + PV of RV</em>
The value of bond for Jasper Inc can be worked out as follows:
Step 1
<em>PV of interest payments</em>
<em>Semi annul interest paymen</em>t
= 4.5% × 1000 × 1/2
= 22.5
<em>Semi-annual yield</em> = 5.6/2 = 2.8% per six months
<em>Total period to maturity (in months)</em>
= (2 × 19) = 38 periods <em> (Note it was sold a year ago)</em>
<em>PV of interest = </em>
<em> </em>22.5 × (1- (1+0.028)^(-38)/0.028)
= 22.5 ×23.20871226
= 522.196
Step 2
<em>PV of Redemption Value</em>
= 1,000 × (1.056)^(-19)
= 355.128
<em>Price of bond</em>
= 522.19 + 355.12
= $877.32
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