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kramer
4 years ago
11

Which of the following included the time period known as the Grand Period of Hotels? the eighteenth century there was no period

called the Grand Period of Hotels the nineteenth century the twentieth century
the eighteenth century

there was no period called the Grand Period of Hotels

the nineteenth century

the twentieth century
Business
1 answer:
taurus [48]4 years ago
4 0

Answer:

there was no period called the Grand Period of Hotels

Explanation:

Historically, there is no recorded time period that was known as the Grand Period of Hotels.

Some time periods in history include

1. Early civilization

2. Renaissance

3. Classical world, etc.

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Required:
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Find below the variables missing from the question:

Selected sales and operating data for three divisions of different structural engineering firms are given as follows :

                                              Division A Division B Division C

Sales                               $5,800,000 $9,800,000 $8,900,000

Average operating assets $1,450,000 $4,900,000 $2,225,000

Net operating income         $284,200 $872,200 $191,350

Minimum required rate of return 18.00% 17.80% 15.00%

On the basis on return on investment Division A is preferred

On the basis of residual income Division A is also preferred

Explanation:

Return on investment is the net operating income compared to the average operating assets in the year:

Division A return on investment=$284,200/$1,450,000=19.6%

Division B return on investment=$872,200/$4,900,000=17.8%

Division C return on investment=$191,350/$2,225,000 =8.60%

Residual income=net operating income-(required rate of return*average operating assets

Division A residual income=$284,200-(18%*$1,450,000)=$23200

Division B residual income=$872,200-(17.80%*$4,900,000)=$0

Division C residual income=$191,350-(15%*$2,225,000)=$=$191,350-(15%*$2,225,000)

4 0
3 years ago
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