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3 years ago

True or false travel expenses are by far the largest item in a typical campaign budget today

1 answer:

5 0

I believe the answer is false after reading several sites I found that the biggest slice of the pie goes into advertising, and a big chunk of this budget goes into television advertising.

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The Alston Inn is managed by Inns, Inc. The management contract requires 6 percent of total revenue to be transferred to the rep

Scrat [10]

Answer:

1.) Inn's annual total revenue = $7,300,000

2.) Inn's annual net operating income = $1,095,000

3.) Inn's debt service coverage ratio for the year = 9.13

Explanation:

The room revenue is first calculated as follows:

Room revenue = Number of guestrooms * ADR * Percentage of occupancy * 365 days = 200 * $100 * 70% * 365 = $5,110,000

We can now proceed as follows:

1.) Determine the Inn's annual total revenue.

Annual total revenue = Room revenue / Paid occupancy percentage = $5,110,000 / 70% = $7,300,000

2.) Determine the Inn's annual net operating income

Annual net operating income = Total revenue * 15% = $7,300,000 * 15% = $1,095,000

3.) Determine the Inn's debt service coverage ratio for the year.

Debt service coverage ratio = Net operating income / Annual debt service = $1,095,000 / ($10,000 * 12) = 9.13

5 0

3 years ago

Gerald is assessing global entry strategies for his gourmet sandwich business. He doesn't want to take much risk, and he's willi

vitfil [10]

Gerald is assessing global entry strategies for his gourmet sandwich business. He does not want to take a lot of risk and he is willing to limit his control of international stores. Gerald will likely use a(n) __________ strategy.

Select one:

a. direct investment

b. franchising

c. exporting

d. joint venture

e. strategic alliance

Answer:

b. franchising

Explanation:

For a food business like a gourmet sandwich business, the best global entry strategy Gerald will likely take that involves low risk and limit in control of international store is franchising strategy.

Franchising, which involves a contract that allows one company to use the brand and concept of another company, guarantees getting customers and retention of customers. The image of the product offered would be created in current and potential customers .

7 0

3 years ago

You're a partner at O'Leary, Ford, and Bradley Legal Services, and one of your responsibilities is to get new business for your

elixir [45]

Answer:

do your ownwork aha

Explanation:

6 0

3 years ago

6. If two portfolios are well-diversified with a risk-free rate of 3.11% and the S&P market return for the past year has bee

SSSSS [86.1K]

Answer:

Answer 1---- D. none of the above

Answer 2---- B. the project will delay by one day

Explanation:

See attached image

4 0

4 years ago

what is the effect on the financial statements when adjust the prepaid insurance account at year-end for insurance coverage whic

yan [13]

Answer:

When prepaid insurance (or any other prepaid expense) is adjusted at year end in order to record accrued expenses, financial statements are affected in the following way:

income statement: costs increase, decreasing profits
balance sheet: assets and equity decrease
cash flow statement: cash from operating activities increases
owners' equity: decreases

5 0

3 years ago