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Sergeeva-Olga [200]
2 years ago
13

Suppose you are planning a summer vacation and book a hotel room online for $149 a night. However, when you get to the reservati

on screen, you are informed that you will be charged an additional $30 a night in various taxes that you have to pay to the hotel.
Indicate whether each of the given factors is likely to raise the economic burden of the tax for you or for the hotel. (for each of the following)
i- A hurricane recently ravaged the area, resulting in many vacancies at competing hotels.
ii- There are many other hotels in the area
iii- It is the peak of tourist season
iv- The hotel has unique architecture and is considered a historical landmark.
Business
1 answer:
Anettt [7]2 years ago
3 0

Answer:

iii

Explanation:

Most of the time hotels will charge more when more rooms are booked, so when you book your hotel room, and many rooms are booked, most people do get charged more.

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A top executive at IBM shared with his friends some "inside" information that allowed them to engage in very profitable stock tr
Delicious77 [7]

Answer:

This is a case of low moral intelligence,option A.

Explanation:

Moral intelligence is the ability to differentiate right from wrong as well as acting based on what one thinks is right.

Moral intelligence is a function of one's uprightness and envisaging the consequences of an action.

All in all, the top executive should have known that the information about his stock performance is a classified information not meant for everyone's consumption,hence his moral intelligence at the lowest ebb.

3 0
3 years ago
Shares of RossCorp stock are selling for $45 per share. Brokerage commissions are 2% for purchases and 2% for sales. The interes
maksim [4K]

Answer:

The price at which a margin call would be received is $28.929.

Explanation:

The stated question does not contain complete information. The remaining information is as follows.

<em>Assume that you purchase 150 shares of RossCorp stock at $45 each by making a margin deposit of 55 percent. At what price would you receive a margin call?</em>

The price is calculated using the formula for maintenance margin as follows.

Maintenance margin = Equity in account / Value of stock

Equity in account = (Shares purchased x Call price) - (Shares purchased x Remaining ratio x Sale price)

Equity in account = (150 x P) - (150 x 0.45 x 45)

                             = 150P - 3037.5

Value of stock = Shares purchased x Call price

                        = 150P

Inserting these values into the formula for maintenance margin:

0.3 = (150P - 3037.5) / 150P

45P = 150P - 3037.5

105P = 3037.5

P = 28.929

Hence, the price at which a margin call would be received is $28.929.

6 0
3 years ago
Garcia Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pres
Nastasia [14]

Answer:

i d k

Explanation:

6 0
3 years ago
Many economists argue that, in the long run, the economy self-corrects and achieves full employment. What is this argument calle
Serggg [28]

Answer:

Classic Model

Explanation:

Classical economists brought the view of market economy for the most effective solution of economic problems. They advocated that economic problems would be solved spontaneously and within the framework of the possibilities, if the rules of the market economy were followed, and they defined the state as a unit that operates in a limited area and does not interfere with the economy.

Classical economists argued that the economy would automatically stabilize at full employment level under conditions of full competition.

The basis of the classical model is the assumption that the economic units are rational. Consumers try to maximize their benefits, while manufacturers try to maximize their profits. Classical economists argue that the state should not interfere with the economy. Because, according to the classics, the economy will always be fully employed and the general level of prices will always make a certain level of decision. The state does not need to get involved in the economy in order to reach full employment and to get rid of excessive price movements such as inflation and deflation. The "invisible hand" in the economy provides spontaneous full employment and price stability.

The basic assumptions of classical economic theory are as follows;

- Full competition conditions apply in the economy.

- Fees, interest rates and commodity prices are flexible.

- Each supply creates its own demand. (Say's Law)

- In the economy, money is demanded only for trading purposes, money is neutral. Money supply only affects the absolute price level, not relative (relative) prices and the real economy.

The classic model was popular before the Great Depression. It was said the economy was developing freely and that prices and wages were adjusted according to the time-consuming ups and downs. In other words, when times are good, wages and prices are rising rapidly, and when times are bad, wages and prices are set free.  The main assumption of this model is that the economy is always in full employment, that is, everyone who wants to work is fully trained and able to work from all sources.  Classical economists believe that the economy is self-adjusting, meaning that no one needs help in the event of recession. This is a Classic Model.

3 0
3 years ago
The following data are taken from the income statement and balance sheet of Freeman Machinery, Inc. Dec. 31, 2018 Jan. 1, 2018 I
Norma-Jean [14]

Answer:

The answer is attached

Explanation:

Download xlsx
5 0
3 years ago
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