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2 years ago

40 points

Business

1 answer:

garri49 [273]2 years ago

4 0

Answer:

Hospitality provides essential services (i.e., lodging and food) for travelers, whether they are on the move for reasons of necessity, leisure or luxury. Hospitality is a major factor in every vacation and business trip, and is thus important to individual customers and to businesses.

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PART A. MULTIPLE CHOICE - 15 MARKS

I am Lyosha [343]

Answer: a. Economic factors

Explanation:

Company orientation refers to training that is given to new employees to better prepare them to work in the company and be as efficient as possible.

It includes things like occupational health and safety so that the employee may know how best to behave so as not to cause accident or get injured by one. It also includes telling the employees of the various fringe benefits that might accrue to them.

It would not include economic factors as these as not specific to the company.

7 0

2 years ago

You are going to deposit $26,000 today. You will earn an annual rate of 6.1 percent for 11 years, and then earn an annual rate o

yawa3891 [41]

Answer:

Total value in the account after 25 years = $105,530.26

Explanation:

The value of an amount invested at a certain rate of return for certain number of years where interest compounded annually is known as the future value.

The future value of an investment can be determined using the future value formula. This formula is stated below:

FV = PV × (1+r)^(n)

FV - Future Value , PV- Present Value, r-rate of return, n- number of years

For the first compounding, 6.1% for 11 years

PV - 26,000, r- 6.1% and n- 11

FV = 26,000 × (1.061)^11 = 49,870.367

For the second round of compounding at 5.5% for 14 years

PV - 49,870.367 , r -5.5%, n- 14

FV = 49,870.367× 1.055^14 = 105,530.259

Total value in the account after 25 years = $105,530.26

5 0

2 years ago

If a friend who’d never heard of amortization before asked you to explain how loan payments work, what would you say?

Ahat [919]

Answer:

Spreading a loan into a series of fixed payments.

Explanation:

When you ask how loan payments work, there's no better way to explain it that knowing that you will have to pay down a balance over a period of time. When you ask for a loan, you will have to spread it into a series of fixed payments (the total payment remains equal all the time) in which you will have to cover for the principal loan (the amount of money you requested) and the loan's interest (which is what the lender gets paid for the loan). This monthly payment even though it remains the same, covers for the following: the interest costs (which are at their highest at the beginning) and reducing the loan balance. As time goes on, a bigger portion of what you are paying goes toward the principal loan, and the interest you pay is proportionally less each month.

4 0

3 years ago

Kylie has been practicing repeating phrases such as, "I know I don’t wear the latest fashions, but I am comfortable. Surely othe

Alex787 [66]

Answer: Self-affirmations

Explanation:

Here, in this particular case Kylie has been using affirmations that act as the positive statements in order to help her overthrow the self-hindering, sabotaging ,disrupting negative thoughts and ideas. For an individual to use these affirmations, they should first examine the thoughts and attitudes that they would like to change.

7 0

3 years ago

You need to accumulate $10,000. To do so, you plan to make deposits of $1,100 per year - with the first payment being made a yea

guapka [62]

Answer:

Explanation:

Using future annuity formula

Fv = Pmt ( (1+r)ⁿ -1 )/ r

$\frac{FVr}{Pmt}$ + 1 = (1+r)ⁿ

In ( $\frac{FVr}{Pmt}$ + 1) = n In ( 1+r)

n = In ( $\frac{FVr}{Pmt}$ + 1) / In ( 1 + r)

FV, future value = $10,000, Pmt, periodic payment per year = $1,100, r rate = 11.82% = 0.1182 and n = number of years

n = 0.7297 / 0.11172 = 6.53 years approx 7 years

the last year payment will actually be less than $1,100

6 0

2 years ago