1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
On November 4, 2018, Blue Company acquired an asset (27.5-year residential real property) for $200,000 for use in its business.
sleet_krkn [62]

Answer:

A. $191,818

B. $303

C. Loss; $11,515

Explanation:

A. Calculation to determine what The adjusted basis of the asset at the end of 2019 is

Cost of asset $200,000

Less Greater of allowed and allowable cost recovery:

2018 $910

2019 $7,272 ($8,182)

($910+$7,272=$81,82)

Adjusted basis of the asset at the end of 2019 $191,818

($200,000-$8,182)

Therefore the Adjusted basis of the asset at the end of 2019 will be $191,818

B. Calculation to determine what The cost recovery deduction for 2020 is

Cost recovery deduction for 2020= ($200,000 x .03636 x 0.5 / 12)

Cost recovery deduction for 2020=$303

Therefore The Cost recovery deduction for 2020 is $303

C. Calculation to determine what The____on the sale of the asset in 2020 is

Based on the information given we would be using 0.3636 as the percentage for 27.5-year assets.

Cost of asset $200,000

Less Greater of allowed and allowable cost recovery:

2018 $910

2019 $7,272 ($8,182)

($910+$7,272=$81,82)

Adjusted basis of the asset at the end of 2019 $191,818

($200,000-$8,182)

Less Cost recovery for 2020 $303

($200,000 * .03636 * 0.5 / 12)

Basis on date of sale $191,515

($191,818-$303)

Loss on sale of asset ($11,515)

($180,000 – $191,515)

Therefore The LOSS on the sale of the asset in 2020 is $11,515

6 0
3 years ago
The collapse of the fixed exchange rate system has been traced to the
Free_Kalibri [48]
U.S. macroeconomic policy package of 1965-1968
5 0
3 years ago
Patty is a poor college student struggling to work and keep up with her studies. Fred, her uncle, promises to pay Patty support
Arturiano [62]

Answer:

If patty sues, the likely result is:

D. Patty may win under the doctrine of promissory estoppel.

Explanation:

Here, in the given question it is mentioned that Patty is a student who is poor and he is struggling to work and also keep up with her studies inspite of the difficulties.

Her uncle, Fred, promises patty that he will help him in this situation and help her with an amount of $200 per month for the next six months.

Although her uncle, Fred didn't ask her to but patty by herself quits her job so that she gives her maximum time and attention to her studies for the six months in which her uncle was going to help her.

According to what hr uncle promised he gave her the amount which he promised to but this was done for a month and then without saying anything or giving any reason he stopped giving her the amount he promised to.

So, now in this scenario if patty sues the likely result would be:

d. Patty may win under the doctrine of promissory estoppel.

4 0
3 years ago
The short-run aggregate supply curve will decrease if:
finlep [7]

Answer: A. the aggregate price level falls. commodity prices rise.

Explanation: In short-run, the aggregate supply is usually a graph pointing upward and with a sloping curve. The short-run aggregate supply curve usually points upward sloping because it indicates quantity supplied which increases when the price rises. In the short-run, organisations usually have only one fixed factor of production which is capital.

8 0
3 years ago
As the president of a local trade company, Kristin is faced with leadership, ethical, and operational decisions on a daily basis
NISA [10]

Answer:

B. Information Management

Explanation:

According to Wikipedia, Information management is the collection and management of information from one or more sources and the distribution of that information to one or more audiences.

It is involves collecting, storing and managing information gotten in all its forms. Of course, there are various forms of information, whether physical or electronical or otherwise.

Kristen's Job in the company involves organizing resources info (collecting), regulating how they are used and making sure they are the necessary information needed by the company's workers which is all part of the information management process.

4 0
3 years ago
Other questions:
  • One way that criminal law differs from civil law is that it: provides remedies for violations of private rights. must yield a un
    11·1 answer
  • What is a records inventory? discuss why is inventory is conducted and what is included in the inventory?
    7·1 answer
  • Advertisements are paid for by whom?
    6·2 answers
  • ________________analysis involves determining the appropriateness of training, given the company's business strategy, its resour
    9·1 answer
  • Creative Sound Systems sold investments, land, and its own common stock for $31 million, $15.1 million, and $40.2 million, respe
    5·1 answer
  • When cash is received from a stockholder in exchange for common stock, the transaction is recorded by debiting Cash and creditin
    15·1 answer
  • At the start of the current year, a company paid for the following in cash: Copyrights, $2,000,000 Equipment, $25,000,000 Goodwi
    6·1 answer
  • A trade secret is a formula, device, process, method, or compilation of information that, when used in___________ , gives the ow
    7·1 answer
  • Who here plays 7ds grandcross
    12·1 answer
  • Buy now pay later catalogs for people with bad credit
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!