Department managers in a hotel would benefit from understanding a bit about financial management in the following way
Explanation:
- Teamwork: Almost every job within the hospitality industry involves teamwork. ...
- Multi-tasking: No day is the same within the hospitality industry. ...
- Flexibility: ...
- Attention to Detail: ...
- Industry Awareness: ...
- Time Management: ...
- Communication: ...
- Interpersonal Skills:
Financial management includes
- Financial management requires forecasting various elements such as demand, inventory availability, market share, and total market.
- Revenue management is an extremely important concept within the hospitality industry, because it allows hotel owners to anticipate demand and optimise availability and pricing, in order to achieve the best possible financial results.
- Revenue Management is the application of analytics that predicts consumer behaviour at the micro-market level to optimise product availability and price to maximise revenue growth. The primary aim of a revenue management strategy is selling the right product to the right customer at the right time for the right price.
Answer:
Price of the stock today = $82.35
Explanation:
Note: See the attached file for the calculation of present values for year 1 to 8 dividends.
From the attached excel file, we have:
Previous year dividend in year 1 = Dividend just paid = $2.50
Total of dividends from year 1 to year 8 = $23.46345631521910
Year 8 dividend = 8.77863318950395
Therefore, we have:
Year 9 dividend = Year 8 dividend * (100% + Dividend growth rate in year 9) = 8.77863318950395 * (100% + 7%) = 9.39313751276923
Price at year 8 = Year 9 dividend / (Rate of return - Perpetual dividend growth rate) = 9.39313751276923 / (13% - 7%) = $156.552291879487
PV of price at year 8 = Price at year 8 / (100% + Required return)^Number of years = $156.552291879487 / (100% + 13%)^8 = $58.88868846568915
Price of the stock today = Total of dividends from year 1 to year 8 + PV of price at year 8 = $23.46345631521910 + $58.88868846568915 = $82.35
This best illustrates the value of a good work ethic
Answer:
manage risk in the financial markets
watch banks and protect customers
provide banking services
Influence the money supply
Explanation:
The Fed tries to manage risk in the financial markets. For example, the Federal Reserve would be concerned that the effects of the failure of one financial institution, such as a big bank, might spread to other banks.
The Fed watches over banks and tries to protect banking customers. For example, the Federal Reserve enforces the Truth in Lending Act, which protects people who use credit cards or borrow money to pay an expense, also known as using credit, from deceptive practices.
The Fed offers banking services, such as loans, to other banks, the U.S. government, and other countries.
Maybe most important, the Fed influences the growth of the money supply. The money supply is the amount of money that is flowing through the economy.
