Location is not important for a business. Please select the best answer from the choices provided T F.

Overbooking is a common practice in the hospitality industry. What are the pros and cons of overbooking? Is overbooking ethical?

Korolek [52]

Pros: Helps hotel to achieve 100% occupancy, Maximize expected venue, Long term revenue and profit increase, low risk method to increase profitability and Compensation are cheaper than leaving a room empty
Cons: loss of hotel reputation, alternative arrangement for guests might be more expensive, may revive negative review online ,

The purposeful and deliberate act of overbooking runs counter to any acceptable standard of ethical business practice. In addition to the practice being ripe with serious legal, contractual and consumer protection violations, overbooking forces hospitality personnel into making conscious immoral and unethical choices.

8 0

2 years ago

Real per capita GDP in Taiwan in 1961 was about $500, but it doubled to about $1000.00 by 1981. a. What was the average annual e

aliya0001 [1]

Answer:

the average annual economic growth rate in Taiwan from 1961 to 1981 was 41.42%

Explanation:

Hi, we need to use the following formula.

$FV=PV(1+r)^{t}$

Where:

FV = GDP in 1981 ($1,000)

PV = GDP in 1961 ($500)

r = growth rate

t = years from 1981 to 1961 (20 years)

So, it should look like this:

$1,000=500(1+r)^{20}$

Now, we solve for "r"

$\frac{1,000}{500} =(1+r)^{20}$

$2=(1+r)^{20}$

$\sqrt[20]{2} -1=r$

$r=0.4142$

So, the growth rate of Taiwan´s GDP is 41.42%

Best of luck.

5 0

3 years ago

7. John earned $2,500 as a life guard over the summer. This was his only job and income taxes were deducted from his paychecks b

guapka [62]

My answer is choice d.

7 0

3 years ago

Alpaca Corporation had revenues of $290,000 in its first year of operations. The company has not collected on $18,600 of its sal

Kitty [74]

Answer:

$118,860

Explanation:

Gross Margin:

= Revenue - Cost of Goods Sold

= $290,000 - $100,000

= $190,000

Profit before tax:

= Gross Margin - Salaries - Insurance payment - Interest

= $190,000 - $12,000 - $3,600 - $4,600

= $169,800

Insurance payment: Only half of 2-year payment of 7,200 is relevant for this year.

Net Income:

= Profit before tax - Tax at 30%

= $169,800 - (30% × $169,800)

= $169,800 - $50,940

= $118,860

8 0

2 years ago

After a major earthquake, the San Francisco Opera Company is offering zero coupon bonds to fund the needed structural repairs to

tekilochka [14]

Answer:

Buster Norton and the Bonds of San Francisco Opera Company

If Mr. Norton purchases three of these bonds today, in 10 years from today at maturity, he will receive:

= $6,000.

Explanation:

a) Data and Calculations:

Face value of each zero coupon bond purchased = $2,000

Number of bonds purchased by Norton = 3

Value of bond investments at maturity = $6,000 ($2,000 * 3)

Maturity period of the San Francisco Opera Company bonds = 10 years

Annual Yield to Maturity of similar bonds in the market = 12%

From an online financial calculator:

Present value of bonds = $1,932 (with each as $644 ($1,932/3))

N (# of periods) 10

I/Y (Interest per year) 12

PMT (Periodic Payment) 0

FV (Future Value) -6000

Results

PV = $1,931.84

Total Interest $4,068.16

3 0

2 years ago