Please answer the following questions:

What is the purpose of a hotel? Another way to ask this question is, why do hotels exist?
How should hotel managers determine if they are successful or not? What are some ways a hotel manager could judge whether they have managed a hotel successfully?
Watch the help video(in the simulation) 'How to operate your hotel' what are the 3 steps of the management/leadership process? Briefly explain each step. TO DO THIS YOU NEED TO LOGIN TO THE SIMULATION
How many years and months is your team taking over management of the hotel for?
Property Information: How many rooms are in the hotel? How many different room types? What was the occupancy % of the hotel each of the last 3 years? How many stars is the hotel rated? What facilities does the hotel currently have? What services does the hotel currently have?
How old is the hotel? How long has it been since the hotel has been renovated or refurbished?
The Owner of the hotel has priorities and goals for the management team. There are 4 goals the owner expects your management team to achieve. What are these goals? HINT: these goals can be found in the information document entitled owners briefing.
List 5 terms/concepts that you do not understand. These can be terms or concepts from the 'How to operate' simulation video or from the 2 documents attached to this assignment.

Answer:

The 2018 loss was carried forward and decreased the corporation's tax liability during 2019. The 2020 loss should also be carried forward to offset any future gains and reduce future tax liabilities. A company can carry forward a loss indefinitely, since it is allowed to deduct a maximum of 80% of a future year's net income.

If this was an S corporation, it would be pass through entity that is not taxed directly, instead, the owners are taxed. Therefore, this $21,000 loss will be distributed proportionally among all the stockholders, and they must deduct their taxes independently.

Answer:

C. because it does not produce enough oil.

Explanation:

Although, the United States is one of the leading producers of oil, yet still import oil because it does not produce enough oil to meet the demand of its citizens. In other words, the United States consumes more than what she can produce.

Another reason is that most refineries in the United State are created basically for heavy crude whereas most of what she produce are light crude oil. The United States import the oil she is able to process while she export to other countries to complete the setup process.

The remedy to the above situation is when new refineries are built which are somewhat expensive or the existing refineries are upgraded to meet with the demand.

Answer:

D. Because it does not produce enough oil.

edg 2020.

It will not allow distribution of his estate without incurring considerable cost in attempting to locate his nephew.

Which are the  disadvantage of the probate process?

1. Cost: The probate process can be time consuming and expensive. Probate fees and costs can add up quickly, and the process can be delayed due to paperwork and other issues.

2. Time: The probate process can take a long time to complete, often lasting for months or even years in some cases.

3. Complexity: The probate process can be complex and confusing, especially for those unfamiliar with the process.

4. Exposure: During the probate process, the estate will be exposed to creditors and other claims, which can reduce the amount of money available to heirs and beneficiaries.

5. Privacy: The probate process is a matter of public record, meaning that the details of the estate and the proceedings are a matter of public knowledge.

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The account used to pay property taxes and homeowner's insurance is called an escrow account.

The funds in the escrow account are then used by the lender to pay these bills on the homeowner's behalf. This helps ensure that the homeowner is always up-to-date on these important payments and can avoid any penalties or legal issues related to unpaid taxes or insurance premiums.

An escrow account is the account used to pay property taxes and homeowner's insurance, ensuring that these expenses are paid on time and protecting both the homeowner and the lender.

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Answer:

reduce confidence

Explanation:

i got it right on odyssey

Answer:

Usually slopes downwards

Explanation:

in a negative association

Answer:

deficit

Explanation:

The person decided to buy a book rather than buy a movie ticket. The movie ticket given by the person is his opportunity cost.

Opportunity cost refers to the cost of forgone alternative. In simple words, it means the level of satisfaction that can be derived from choosing another thing over one.

If the person buys the book rather than buying a movie ticket, the satisfaction that can be derived from watching the movie will be termed as the opportunity cost incurred by the person.

Therefore the correct option is opportunity cost.

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Each group will suggest a business idea and justify their choice based on their interests, market demand, and potential profitability. They will then discuss the specific location for their business and conduct an environmental analysis to identify factors that need to be studied.

In the first paragraph, each group can briefly mention the type of business they want to put up, such as a restaurant, tech startup, clothing boutique, fitness center, or any other business idea that interests them. They should provide a concise justification for their choice, highlighting factors like market demand, personal passion, unique selling proposition, or potential profitability.

In the second paragraph, the group members will discuss the specific location for their business and conduct an environmental analysis. They need to identify and examine various factors that can influence the success of their business in that particular location. This analysis can include factors such as local competition, target market demographics, economic conditions, regulatory environment, infrastructure, availability of resources, cultural considerations, and any other relevant factors. By studying these environmental factors, the group can gain insights into the opportunities, challenges, and potential risks associated with their chosen location.

Overall, the aim is for each group to select a business idea that aligns with their interests and has potential in the market. They should then analyze the specific location's environmental factors to make informed decisions and develop strategies that maximize their chances of success. This exercise helps students understand the importance of market research, environmental analysis, and strategic planning in business development.

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Answer:

A lower percentage ratio indicates more money has been invested to make money for the customer

Explanation:

The journal entries for the issue of shares are:

Date Particulars Debit Credit

When application money is received Bank A/c Dr. 25000

To Share Application A/c  25000

When shares are allotted Share Application A/c Dr. 25000

To Share Capital A/c  25000

When allotment money is due Share Allotment A/c Dr. 35000

To Share Capital A/c  35000

When allotment money is received Bank A/c Dr. 35000

To Share Allotment A/c  35000

When call money is due Share Call A/c Dr. 40000

To Share Capital A/c  40000

When call money is received Bank A/c Dr. 40000

To Share Call A/c  40000

The balance sheet of X Ltd will show the following:

Liabilities and Equity Amount

Share Capital (10000 shares of 10 each fully paid) 100000

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The correct question is:

X Ltd issued 10000 equity shares of 10 each at par the amount payable was as follows: 2.50 on application "3.50 on allotment. Record the respective journal entries."

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Answer:

See below

Explanation:

(i) €585.00

As per the statement, Taylor owed €585.00 to Franklyn photographic supplies Ltd at the end of April. The closing balance for April is the Amount owed at the end of April.

(ii) €75.00

The opening balance for April as indicated in the statement is the closing balance for March.

(iii) €375.00

As per the statement an amount of €375.00 was paid on April 15

Answer:

It shows you have done solid research to back up your conclusions.

Multiple choice options for this question are as follows:  online source

A). It shows you have done solid research to back up your conclusions.

B). Readers of a business document do not pay attention to sources

C). Giving credit is easier than treating others' ideas as your own

D). It is a requirement of MLA and APA styles

Explanation:

Giving credit to your sources is a phrase that refers to Referencing or citing the source of your information. It is important to the reader or user of the document because they can always go back and verify the data's accuracy. Referencing also leaves a trail that can be used to see the views and opinions of other business people or researchers .

Giving credit to your sources in a formal business document shows you took the time to research the subject matter. It gives the impression that you can relate your ideas to the views of other professionals in the industry.

Answer:

A). It shows you have done solid research to back up your conclusions

Explanation:

Answer:

$65.78

Explanation:

The deposits to the accounts are

initial deposit   $46.82

paycheck   $78.36

Total deposits = $125.18

Withdrawals

checks    $16.93,

   $26.25

purchases    $9.27

    $6.95.

   $59.4

Balance will be $125.18- $59.4

=$65.78

Answer:

Property tax is progressive

Sales Tax is regressive

A progressive tax is one that takes a higher proportion of revenue from high-income people than it does from low-income people. A regressive tax is one that takes a higher percentage of low-income people's income than it does from high-income people.

Explanation:

The balance in cash on March 6 is $7,000 as cash received minus the cash paid determines the cash balance at the end of the transactions.

On March 1, the business received $10,000 cash from the owner of the business, Morris Tharps. The company provided Morris Tharps with funding.

On March 2, the business paid the first month’s rent of $1,000.

On March 3, the business purchased equipment by paying $2,000 cash and executing a note payable for $5,000.

On March 4, the business purchased office supplies for $710 cash.

On March 5, the business billed a client for $9,000 of design services completed.

On March 6, the business received $7,600 on account for the services previously recorded.

So, the balance in cash on March 6 is calculated as follows:

$10,000 (cash received on March 1) - $1,000 (rent paid on March 2) - $2,000 (cash paid for equipment on March 3) - $710 (cash paid for office supplies on March 4) + $7,600 (cash received on March 6)

= $7,000.

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Correct question is:

The following transactions for the month of march have been journalized and posted to the proper accounts of a sole proprietorship.

Mar. 1 the business received $10,000 cash from the owner of the business, morris tharps. the business gave capital to morris tharps.

Mar. 2 paid the first month's rent of $1,000.

Mar. 3 purchased equipment by paying $2,000 cash and executing a note payable for $5,000.

Mar. 4 purchased office supplies for $710 cash.

Mar. 5 billed a client for $9,000 of design services completed.

Mar. 6 received $7,600 on account for the services previously recorded. what is the balance in cash on march 6?

The  negative impact does strikes have on the economy are:

The negative impact of strike is that  it strains the employment relationships that exist  between parties and thus influence teamwork and profitability negatively.

Note that a lot of Businesses suffer production and financial losses as well as low consumer confidence during these strikes.

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Answer:

the letter C

Explanation:

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Your personal credit reflects income versus debt. Option D is an appropriate response.

The capacity to access products or services or borrow money with the idea that you'll pay for them later is known as credit.

Building personal credit involves being reliable when it comes to making on-time, complete payments on all of your debts, including credit card bills, vehicle loans, and mortgages. Your credit score rises as a result. It's crucial to keep in mind that your personal and corporate credit should not be combined.

That which a person possesses personally and which is based on the perceptions held of his moral integrity and professional position.

Your personal credit reflects income versus debt.

Hence, Option D is an appropriate response.

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The role of Murdocks 'satisfaction of members economic needs' is "the importance of economic activities in meeting the basic needs of a society's members".

The economic needs are generally have those individual who are BPL or below the poverty line. Those individual who can not afford filter water, safe food and place to live or shelter.

Most of the time the economic needs are four types like scarcity, costs and benefits, supply, demand, and incentives. So, that individual or group below poverty line can fulfil their basic needs.

Therefore, the role of economic needs refers to refers to the importance of economic activities in meeting the basic needs of a society's members.

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A production possibilities frontier with constant opportunity cost is a graphical depiction of the greatest number of combinations of two items. That is manufactured using a given set of resources and technology.

As the production of one thing grows, the opportunity cost of producing the other good stays constant. This indicates that when an economy travels along the frontier of production possibilities, the opportunity cost of creating one thing remains constant.

The production possibilities frontier with constant opportunity cost can be used to highlight the trade-offs between producing two items and the efficiency of resource allocation in an economy. It may also be used to demonstrate opportunity cost and the rule of rising opportunity cost.

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The situations indicated above are matched with  the benefits that professional organizations provide as follows.

Bob wants to gain extra knowledge by joining a professional organization. - Professional organizations provide continuing education opportunities to their members, allowing them to gain new knowledge and skills in their field.

Libby seeks money for research in a particular field. - Professional organizations often offer research grants and funding opportunities to their members, which can help support their research endeavors.

Joseph wants to know the latest legislation pertaining to his industry. - Professional organizations can provide information and resources on industry-specific legislation and regulations, keeping their members informed and up-to-date.

Debby wants to work as an intern under the guidance of an expert in her field. - Professional organizations may offer internship programs or connect their members with mentors and industry experts, providing valuable networking and learning opportunities.

Chad likes to meet with members of his fraternity to get a better perspective of their work. - Professional organizations can provide opportunities for networking and collaboration with others in the same field, allowing members to gain insights and perspectives on different aspects of their work.

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Answer:

$647.96

Explanation:

Sue the following formula to calculate the price of the bond at the time of sale

Price of Bond = Face value of the bond / ( 1 + Market interest rate )^numbers of years

Where

Face value of bond = $1,000

Market interest rate = 7.5%

Numbers of years = 6 years

placing values in the formula

Price of Bond = $1,000 / ( 1 + 7.5% )^6

Price of Bond = $647.96

Answer:

A. a free checking account.

Explanation:

Saving involves putting money aside in a safe place for future use. Banks and financial institutions offer saving accounts as safe and secure platforms for firms and individuals to save.

A checking account is among the types of savings accounts offered by financial institutions. This type of savings account allows customers to save money that they do not wish to spend immediately. A checking account is risk-free and, therefore, a good strategy for short term saving.

Answer:

a low-interest bank account.

Explanation:

i got this right

The lifespan of a product depicts how long it remains on the market, from the moment it is first introduced to consumers until it is phased out and taken off the shelves.

Sales declined during the mature period, a sign that the market has started to become saturated. During this phase of the product life cycle, the price also starts to become competitive. The profit margins become slimmer as a result.

In most life-cycle situations, profits normally reach their greatest level during the early growth stages, but sales often reach their peak during the mature stages.

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Answer: A decrease in the price of a good will: decrease quantity supplied of the good. An increase in quantity demanded: is illustrated by a movement downward and to the right along a demand curve.

Answer: it will decrease quantity supplied of the good

Explanation:

Answer:

Some examples of production taxes are land revenues, stamps and registration fees and tax on profession. Product taxes are paid on the actual volume of production. It is paid per unit of product. For example, excise duty, service tax, sales tax etc.

Answer:

d. Aisha has an absolute advantage in both tasks and a comparative advantage in knitting sweaters.

Explanation:

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation."

Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.

This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).

An absolute advantage can be defined as the ability of an individual such as a producer to produce a good or provide a service in larger (greater) quantity for the same amount of money or the same quantity at a lesser cost or time. This ultimately implies that, an absolute advantage is the superior capability of an individual over another using the same resources.

Hence, Aisha has an absolute advantage in both tasks (superior capability) and a comparative advantage in knitting sweaters because she can knit 10 more sweaters than Mohammed using the same resources or time.

Answer:

D. Aisha has an absolute advantage in both tasks and a comparative advantage in knitting sweaters.

Explanation:

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False. Virtual trade shows can be effective for promoting both tangible goods and services. While it is true that virtual trade shows may have limitations in showcasing tangible goods compared to physical trade shows, they still offer numerous benefits for promoting tangible products.

Virtual trade shows provide a platform for businesses to showcase their products through various means, such as high-quality images, videos, 3D models, and interactive presentations. They offer opportunities for product demonstrations, virtual tours, and direct engagement with potential customers.

Moreover, virtual trade shows can reach a wider audience since participants can attend from anywhere in the world without the need for travel. This increased accessibility can lead to more exposure and potential leads for tangible goods.

While virtual trade shows may have some limitations in providing a hands-on experience with physical products, businesses can still effectively highlight the features, benefits, and unique selling points of their tangible goods through engaging virtual presentations and demonstrations.

Virtual trade shows can be effective for promoting both tangible goods and services. While they may have some limitations compared to physical trade shows, businesses can leverage the virtual platform to effectively showcase and market their tangible products to a global audience.

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The Finished goods inventory management is an essential part of the eCommerce business. It allows you to know what a business owns, the value of the products or goods it owns, and to reduce waste.

The inventory of the stock must be done carefully and precisely because the tax administration may dispute it because it affects a company's performance and, consequently, the amount of taxes that must be paid. This article will define finished goods, explain their significance, and specifically demonstrate how to compute finished goods inventory by providing both the formula and some examples. You can determine how much inventory is required for the production process and stockout by calculating the finished products inventory. Additionally, it helps you prevent the scenario in which customers postpone their purchases while waiting for a product's restock. The cost per unit.

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C. retained earnings.

Retained earnings are the portion of a company's profits that are kept and reinvested back into the business instead of being distributed to shareholders as dividends. Since Tony has already paid off all his financial obligations and made a profit of $10,000, he can use this profit to reinvest in his business and purchase the new machine.

This strategy will not require Tony to take on any new debt or issue additional shares of stock, which would dilute his ownership in the business.

Therefore, retaining his earnings to purchase the new machine is the most feasible and efficient strategy for Tony in this scenario.

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Answer:

Explanation:

$544.75- $141= $403.75

$403.75 divided by 4.25= 95