Answer:
From the standpoint of hotel management, this "money laundry" should be viewed as: both a cost center and a profit center
Explanation:
A profit center is a branch or division of a company that is expected to add to the entire profitability of that company.
A cost center does not costs the organization money to operate and does not add profit directly to the company.
However, it can contribute to profit indirectly by enhancing the company's operational excellence, customer service, and general service delivery.
Cleaning and polishing coins (pocket change) for the guests as a unique service could come as a perk that makes San Francisco's St. Francis Hotel a preferable hospitality center.
Even though it costs to maintain the money laundry, the hotel can carefully increase the general rates to include the additional cost.
Answer:
Credit to Gain on Sale of Investments for $2,400
Exact interest method is using 365 days instead of 360.
We are going to use the formula: I = Prt, we will derived
the formula of rate.
r = I /Pt would be our formula, plugging in our amounts.
r = 93.37 / 2000 / (284/365)
= 93.37 / 2000 (0.7781)
= 93.37 / 1556.1643
= 0.06 or 6% when converted to percent.
To check:
I = Prt
= 2000 x 0.06 x 284/365
= 120 x 0.7781
= 93.37
Answer:
a) After sufficient rapport has been built and the customer is looking for what you have to sell
Explanation:
- A sales pitch by a salesperson is essential for the media as it helps to guide the salesperson to build a rapport with the clients and connecting them over the social shared media is a best and simplest way of showing the meaning of the brand.
- To maintain a good will with them who are looking to buy the products. Also to help to build an interest in those who are looking for something new.
Answer:
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