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3 years ago

Explain hotel manager

Business

2 answers:

Ksenya-84 [330]3 years ago

4 0

Answer:

Hotel managers are responsible for managing employees and for planning, marketing , coordinating and administering hotel services such as catering and accommodation facilities.

forsale [732]3 years ago

3 0

Answer:

hotel manager is the one who oversees all respects of running hotel housekeeping general maintain to the budget

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Alyssa is opening a bicycle shop, and her monthly expenditures to get the shop up and running exceed her monthly income. Alyssa

harina [27]

Answer: as a borrower or as a demander of funds

Explanation:

From the question, we are informed that Alyssa is opening a bicycle shop, and her monthly expenditures to get the shop up and running exceed her monthly income.

Since Alyssa's expenditure is more than the income generated every month, it shows that she's a demanded of funds as she borrows more than what she earns.

6 0

3 years ago

Wiemers’s 2017 income statement included net sales of $109,000, cost of goods sold of $59,500, and net income of $14,300. Comput

Blizzard [7]

Answer:

(a) Current ratio = 2.88 : 1

(b) Acid test ratio = 2.03 : 1

(d) Inventory turnover = 6.65 times

(e) Profit margin = 13.12%

(f) Asset turnover = 0.95 times

(g) Return on assets = 12.43%

(h) Return on common stockholders' equity = 14.62%

(i) Debt to assets ratio = 11.17%

Explanation:

Note: This question is not complete. See the attached pdf file for the complete question.

The explanation of the answer is now provided as follows:

a. Current ratio

Current assets = Cash + Accounts receivable (net) + Inventory = $4,100 + $20,900 + $10,400 =

Current liabilities = Accounts payable = $12,300

Current ratio = Current assets / Current liabilities = $35,400 / $12,300 = 2.88 : 1

b. Acid test ratio

Acid test ratio = (Current assets – Inventory) / Current liabilities = ($35,400 - $10,400) / $12,300 = 2.03 : 1

(c) Accounts receivable turnover.

Net sales = $109,000

Average accounts receivable = (20,900 + 23,200) / 2 = $22,050

Accounts receivable turnover = Net sales / Average accounts receivable = $109,000 / $22,050 = 4.94 times

(d) Inventory turnover.

Cost of goods sold = $59,500

Average inventory = (10,400 + 7,500) / 2 = $8,950

Inventory turnover = Cost of goods sold / Average inventory = $59,500 / $8,950 = 6.65 times

(e) Profit margin.

Net income = $14,300

Net sales = $109,000

Profit margin = Net income / Net sales = $14,300 / $109,000 = 0.1312, or 13.12%

(f) Asset turnover.

Net sales = $109,000

Average total assets = ($110,100 + $119,900) / 2 = $115,000

Asset turnover = Net sales / Average total assets = $109,000 / $115,000 = 0.95 times

(g) Return on assets.

Net income = $14,300

Average total assets = ($110,100 + $119,900) / 2 = $115,000

Return on assets = Net income / Average total assets = $14,300 / $115,000 = 0.1243, or 12.43%

(h) Return on common stockholders' equity

Net income = $14,300

Common stockholders' equity = Common stock + Retained earnings = $74,500 + $23,300 = $97,800

Return on common stockholders' equity = Net income / Common stockholders' equity = $14,300 / $97,800 = 0.1462 = 14.62%

(i) Debt to assets ratio

Total liabilities = Accounts payable = $12,300

Total assets = $110,100

Debt to assets ratio = Total liabilities / Total assets = $12,300 / $110,100 = 0.1117, or 11.17%

Download pdf

8 0

3 years ago

Tim Urban, owner/manager of Urban's Motor Court in Key West, is considering outsourcing the daily room cleanup for his motel to

nlexa [21]

Answer:

Based on the given information related to costs for each of the options, the crossover point for Tim = 6,000 room nights (round your response to the nearest whole number). If the number of room nights is less than the crossover point, then OUTSOURCING (Duffy's Maid Service) is the best option available to Tim. Based on the given room nights that Tim expects to rent (18, 250), the best option is to keep doing the service INSOURCING (doing it himself).

Explanation:

Currently, before outsourcing, Tim's total cost = $228,125 + $61,000 = $289,125. On average, he spends $15.84247 per room.

The Duffy's Maid Service offer would represent a total cost of $337,625 + $25,000 = $362,625 for the same occupation level.

the crossover point for Tim:

12.5x + 61,000 = 18.5x + 25,000

36,000 = 6x

x = 6,000 room nights

(6,000 x 12.50) + 61,000 = (6,000 x 18.50) + 25,000 = $136,000

7 0

4 years ago

When the regulator sets a price that a firm cannot exceed over the next few years, the regulator is enforcing:?

Likurg_2 [28]

This is a price cap regulation. Because the firm cannot go over a certain price, the price is said to be capped. Regulations like this prevent firms from overcharging their customers, and promote good business ethics. It may slow the growth of the firm, but the cost comes at the benefit of the customer.

7 0

3 years ago

Tinker Bell Company has the following: Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase, June 19 13,000 12 Purchase, Nov. 8

Flauer [41]

Answer:

Question 1

b. $100,000

Question 2

(a) Goods held on consignment from another company.

Explanation:

Question 1

Calculation to determine what the cost of the ending inventory under LIFO is

Using this formula

Cost of the ending inventory =(Inventory, Jan. 1 Units*Cost )+[(Dec 31 Units on hand- Inventory, Jan. 1 Units)*Purchase, June 19 Cost ]

Let plug in the formula

Cost of the ending inventory =(8,000 * $11) + (1,000 *$12)

Cost of the ending inventory =$88,000+$12,000

Cost of the ending inventory =$100,000

Therefore the cost of the ending inventory under LIFO is $100,000

Question 2

GOODS HELD ON CONSIGNMENT FROM ANOTHER COMPANY should NOT be included in the PHYSICAL INVENTORY of a company but rather be included in the inventory of the sender of the goods which is the CONSIGNOR.

6 0

3 years ago

Explain hotel manager​

Explain hotel manager