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larisa86 [58]
3 years ago
6

According to an article in the wall street journal, unlike airlines, even elite hotels don't have sophisticated systems that can

react quickly to changes in demand. even if they could, many hoteliers say people don't respond that much to lower rates. 'We've tested this, cutting our rates by $50 per night, and we didn't see an appreciable response in occupancy,' says Jim, a vice president for Ritz....based on the information above the demand for hotel rooms
a. is income elastic
b. is income inelastic
c. is price elastic
d. is price inelastic
Business
1 answer:
beks73 [17]3 years ago
4 0
Based on the information above, the demand for hotel rooms is D. price inelastic.
This is the case because there is no change in demand, and when the price has changed, it shows 0 correlation between demand and price.
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Presented below is pension information for Company Y for 2021.
iren [92.7K]

Answer:

The Amount of pension expense is $195,000

Explanation:

The computation of the amount of pension expenses reported is shown below:

Service cost    $150,000

Interest on projected benefit obligation  63,000

Amortization of prior service $54,000

Less: Expected return on plan assets  -$72,000

The Amount of pension expense is $195,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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3 years ago
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Alina [70]

Placing a scanner near a window can cause it to overheat.

Sorry if it wrong if it is!.

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3 0
3 years ago
You are trying to decide which of two automobiles to buy. The first is American-made, costs $3.0500 x 104, and travels 28.0 mile
siniylev [52]

Answer:

Both cars(American and European) must travel 8,060 kilo metres each during their lifetime for the total cost(purchase cost + fuel equivalent) to be equivalent

Explanation:

With regards to the above, the cost equation for both cars will be equated together.

Furthermore, we will convert gallons into litres while also converting miles into kilometers.

Since 1 gallon has 3.785 litres; 1 mile also has 1.609 kilo metre, hence milage of the first car in kilo metre per litre would be ;

Milage American made = [ 28 miles × 1.609 ] / 3.785

= 11.90 kilo meter per litres.

Cost of Gas per litre = $3 per gallon / 3.785

= 0.79 per litre

Gas cost per kilo metre(American made) = 0.79 per litre / 11.90

= 0.066 per km

Gas cost per kilo metre(European made) = 0.79 per litre / 19.0

= 0.042 per km

We can sum up the equation of first car which is American made( Purchase price + Fuel cost)

We can make a be the number of kilo metres where total cost for both cars would be equal.

Total cost = 317.2 + 0.066a

Also, the total cost equation - purchase price + fuel cost of European car is represented as;

Total cost = 510.64 + 0.042a

317.2 + 0.066a = 510.64 + 0.042a

Collect like terms

0.066a - 0.042a = 510.64 - 317.2

0.024a = 193.44

a = 8,060 kilo metres

Therefore, both cars(American and European) must travel each 8,060 kilo metres in their life time for the total costs( purchase cost + fuel cost) to be equivalent.

5 0
4 years ago
Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of
REY [17]

Answer:

The bonds sell for $825.63

Explanation:

To calculate the price of the bond, we need to first calculate the coupon payment per period. The bonds are annual bonds so the coupon payment is per year.

Coupon Payment = 1000 * 0.057  = $57

Total periods = 15

The formula to calculate the price of the bonds today is attached.

Bond Price = 57 * [( 1 - (1+0.077)^-15) / 0.077]  +  1000 / (1+0.077)^15

Bond Price = $825.63

3 0
3 years ago
If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for th
tino4ka555 [31]

Answer:

Net loss -$1,390

Explanation:

The computation of the net income is given below:

Service revenue    

On cash $1,530

ON credit $1,780

Service revenue $3,310

Less: Expense    

Utilities expense  -$70

Rent expense  -$700

Salaries expenses  -$3,260  

Depreciation expense -$670

Total expenses -$4,700

Net loss -$1,390

7 0
3 years ago
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