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mestny [16]
3 years ago
13

The revenue manager at the 133-room Big Bluff Bunkhouse Hotel noticed that, based on information from the past several years, th

ere was a trend in the first week of September: it was quite common on Monday, Tuesday, and Wednesday nights for four or five guests to cancel at the last minute or just not show up. Therefore, this year the revenue manager made a decision to accept 138 reservations to ensure filling every guest room. This business approach is referred to as _____________, fill in the blank,.
Business
1 answer:
mezya [45]3 years ago
6 0

Answer: Selective overbooking

Explanation:

From the information given in the question, we can denote that the business approach is referred to as selective overbooking.

Selective overbooking can also be referred to as capacity management and it simply refers to ensuring that a particular company maximizes both its output and its potential activities.

This strategy is usually used by hotel businesses as they measure how much they'll make within a particular period of time.

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Eviyan recently received a copy of his performance review report. During the review, his manager took notes regarding his perfor
Sladkaya [172]

Answer:

Eviyan's Performance Evaluation Report:

The manager has scheduled him for a meeting for a performance feedback interview.

Explanation:

Performance feedback interview is an opportunity for the employee to meet with his manager in order to iron out issues and reflect on the outcome of the evaluation.  The employee will also be required at the interview to explain and defend the performance result face to face with the manager.  Since there are always some differences in perception and evaluation, the interview provides that needed chance for a detailed discussion so that corrective measures will be defined and agreed upon.  It is a good performance policy to schedule such an interview following a performance evaluation report.

3 0
3 years ago
On April 1, the company retained an attorney for a flat monthly fee of $3,500. Payment for April legal services was made by the
nirvana33 [79]

Answer:

A. Adjusting Entries on April 30:

Debit Legal Services Expense $3,500

Credit Legal Services Expense Payable $3,500

To record April legal services expense.

Debit Notes Interest Expense $1,932

Credit Notes Interest Payable $1,932

To record accrued interest expense.

Debit Salaries Expense $5,600

Credit Salaries Expense Payable $5,600

To record 2 days salaries accrued.

B. Journal Entries during May:

May 3:

Debit Salaries Expense Payable $5,600

Debit Salaries Expense $8,400

Credit Cash Account $14,000

To record payment of salaries.

May 12:

Debit Legal Services Expense Payable $3,500

Credit Cash Account $3,500

To record the payment of legal services for April.

May 20:

Debit  Notes Interest Payable $5,787

Credit Cash Account $5,787

To record payment of interest on notes.

Explanation:

Adjusting entries are made at the end of an accounting period to record expenses and revenue that have accrued but are not yet paid or received.  They are also used to account for expenses and revenue made in advance.  The purpose is to ensure that the accounting records reflect the period's actual expenses and revenue incurred and earned.

8 0
3 years ago
Sheffield Corporation exchanged 2750 shares of Pharoah Company common stock, which Sheffield was holding as an investment, for e
AveGali [126]

Answer: Please refer to Explanation

Explanation:

When recording Equipment here the value of the shares at current value should be used and not the cost of the equipment.

DR Equipment $162,250

CR Investment in Pharaoh Company $137,500

CR Gain on Exchange $24,750

(To record Exchange of shares for Equipment)

Workings.

Investment in Pharaoh Company.

= 2,750 shares * $50(purchase price)

= $137,500

Gain on Exchange

= 2,750 shares * (Market Price - Purchase Price)

= 2,750 shares * ( 59 - 50)

= $24,750

Equipment.

= Investment in Pharoah Company + Gain on Exchange

= 137,500 + 24,750

= $162,250

6 0
3 years ago
5. In a command economy, poor planning is likely to lead to (1 point)
aleksandr82 [10.1K]

5.)d.products shortages and waste

6.)b.other countries quickly bought the low-priced products

6 0
3 years ago
What are two ways you would get a good credit report?
Sedbober [7]
Apply for a credit-<span>builder loan \</span><span>Eliminate credit card balances.

</span>
6 0
3 years ago
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