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lbvjy [14]
3 years ago
11

trevon, owner of a hotel in miami, is negotiating an executive lodging agreement with a major corporation that would keep his ho

tel at 70% occupancy at all times. to land the deal, trevon’s hotel needs lots of updates to its furnishings and amenities within the next six weeks. given the time constraints and the many decisions to be made, trevon will likely employ:
Business
1 answer:
Readme [11.4K]3 years ago
3 0

In order to make the right decisions that will ensure that his hotel is up to standard, Trevon should hire a Management Consultant.

The purpose of a management consultant is to:

  • Help a business make better decisions
  • Improve efficiency
  • Help with problem solving

Trevon needs an expert that is capable of making the best decisions to ensure that his hotel gets the necessary upgrades that it needs to appeal to the major corporation.

Management consultants will be able to do this as they are trained in helping companies become better. We can therefore conclude that Trevon needs a management consultant.

<em>Find out more at brainly.com/question/14625078.</em>

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For an interest rate of 12% per year compounded continuously, find (a) the nominal rate per year, (b) the nominal rate per quart
zhuklara [117]

Answer:

a.12% per annum

b.12% per annum

c. 12.55% per quarter

d. 12.68% per month

Explanation:

a. The nominal Rate is the base rate per compounding which in this case is 12% which is the base rate charged.

b.the nominal rate per quarter is 12 % because nominal interest rate is the base interest rate which means it is the given rate used as reference to calculate other rats.

c.The effective interest rate is calculated as follows by using the formula"

ieffective = (1+ inom/n)^n -1

where ieffective is the effective interest rate we are looking for per quarter.

inom is the nominal interest rate given which is 12%.

n is the number of periods per compounding so in this case 4 which is quarterly therefore we substitute the values to the formula above.

i effective= (1+12%/4)^4  -1 the we compute

i effective = 0.1255 x 100 then we multiply by 100 to convert to percentage.

therefore ieffective = 12.55% per quarter.

d. we calculate the effective interest rate per month using the above mentioned formula for effective interest rate:

ieffective = (1+ inom/n)^n -1

ieffective = (1+ 12%/12)^12 -1 we compute with a calculator

ieffective = 0.1268 then we multiply by 100.

ieffective = 12.68% compounded monthly

7 0
3 years ago
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.9 million in long-term debt, $770,000 in the common stock account
Naddika [18.5K]

Answer:

OCF = -$1,670,000

Explanation:

To calculate this, the following are first calculated:

Cash flow to creditors = Interest expense - (Long-term debt in 2009 - Long-term debt in 2008) = $230,000 – (3,500,000 – 2,900,000) = -$370,000

Cash flow to stockholders = Dividends paid – ((Common stock in 2009 + Additional paid-in surplus in 2009) - (Common stock in 2008 + Additional paid-in surplus in 2008)) = $550,000 – (($985,000 + $8,250,000) – ($770,000 + $6,000,000)) = -$1,915,000

Cash flow from assets = Cash flow to creditors + Cash flow to stockholders = -$370,000 - $1,915,000 = $2,285,000

The the firm's 2009 operating cash flow, or OCF can now be calculated as follows:

Cash flow from assets = OCF - Net working capital investment  - Net capital spending

-$2,285,000 = OCF - (-$165,000) - $780,000

-$2,285,000 = OCF + $165,000 - $780,000

OCF = -$2,285,000 - $165,000 + $780,000 = -$1,670,000

3 0
3 years ago
What does it means to bracket up for money
victus00 [196]

Explanation:

Many people assume that when they “move up a tax bracket” every dollar they earn is taxed at a new, higher rate leading to lower take-home pay overall. Thankfully, that isn't the case. When you “move up a tax bracket” you only pay a higher tax rate on the income above a threshold.

3 0
3 years ago
Read 2 more answers
Rancher Hiram Walker purchased Rose, a cow, for $850 in the hope that she would breed calves. After several years of effort, Wal
Furkat [3]

Answer: Mutual mistake

Explanation:

A mutual mistake in a contract is a situation that arises when the parties in a contract make the same mistake in reference to a significant fact in the contract. i.e., they are mutually ignorant of a fact of the contract.

Had they both known about that mistake, they might not have gone into the contract so the contract is voidable in this scenario.

Both Walker and Sheerwood were mutually mistaken about the fact that Rose was pregnant when they went into the contract so this contract is voidable by this theory.

8 0
3 years ago
"The market price average is decreasing daily; however, the level of declines relative to advances is falling. The market is rea
m_a_m_a [10]

Answer:

This question is incomplete, the options are missing. The options are the following:

A) Overbought condition.

B) Oversold condition.

C) Breakout on the upside.

D) Breakout on the downside.

And the correct answer is the option B: Oversold condition.

Explanation:

To begin with, the name of <em>"Oversold Condition"</em> refers to the situation where the price of an asset has reach a certain level that is relative low in comparison with the prices that it has have before. That situation can last for a long period of time so the most prudent way to act in the eyes of a trader is to wait until the price base out and start increasing.

So that situation in where the market price average is decreasing and reaching to its bottom is called Oversold Condition.

4 0
3 years ago
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