b. A long-term certificate of deposit is included in the cash balance.
The inclusion or exclusion of a long-term certificate of deposit in the cash balance is not typically an objective of a cash audit. The primary objective of a cash audit is to verify the accuracy and completeness of cash transactions and balances, ensuring that cash receipts and disbursements have been properly recorded and that cash balances reported in the financial statements are reliable. This includes confirming the existence of cash, examining supporting documentation, assessing internal controls over cash, and ensuring proper disclosure of cash transfers close to the date of the financial statements. The inclusion of long-term certificates of deposit would typically be considered as part of the audit of investments or other financial instruments, rather than the cash audit specifically.
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The complete question is as follows:
Which of the following is not an objective of the cash audit? determine that
a.Cash transfers close to the date of the financial statements have been properly disclosed.
b.A long-term certificate of deposit is included in the cash balance.
c.The client is entitled to the cash balance shown on the Statement of Situation.
d.The cash balance includes all transactions recorded and affecting that account.
State 3 ways in which you may develop your knowledge of the product/service.
Explanation:
Offer hands-on experience. ...
Encourage conventional and creative information sources. ...
Provide opportunities to practice. ...
Use microlearning. ...
Focus on customer needs. ...
Provide consistent training. ...
Offer incentives. ...
Hold out-of-office training
Question 6 of 10
Which of the following speeds will produce lowest miles per gallon?
A. 75 mph
B. 45 mph
C. 85 mph
D. 55 mph
When advertisers consider running ads in American Life magazine, they have the option of buying geographic and demographic editions as well as the national edition. For instance, they can choose from editions targeted at professional and managers, homeowners, working women, and people aged 50 and older. In addition, they are offered editions for 8 geographical regions and for the top 20 metropolitan areas. American Life also offers multiple - page discounts for advertisers buying four or more consecutive pages in any one edition, as well as other volume discounts. Question: A media planner working for a high-end clothing retailer looks at its sales figures and discovers that a vast majority of its sales generated are from large cities. She decides to buy space in American Life editions that reach only the top 10 metropolitan markets. This media strategy is referred to as:
a. Geo-targeting
b. Flighting
c. Pulsing
d. Share of voice
e. Narrow casting
Explanation:
sorry but I didn't understand your question. I am extremely sorry
you just received a copy of an email from an unknown investment advisor to a client recommending the purchase of a stock. the email appears to have been sent to you by mistake. the stock trades for $1.37/share and you could easily afford to buy 300 shares. the broker believes that the company will announce some significant positive news in the near future that will cause the stock to increase. the short term target price is $2.00/share, and the long term target price is $4.50/share. what is your best course of action
Do nothing, this is probably a scam, do not trust the information in this email and do not believe the advice from the broker.
Any individual who helps traders, sellers, or purchasers conduct deals is referred to as a broker. Since it is a broker's primary duty to connect buyers and sellers, they act as the intermediary between the two parties. An excellent career choice is one in the stock market. As a result of economic expansion and liberalisation, job possibilities have arisen in a number of organisations. Consider a broker to be a middleman who makes sure that the transaction goes well and that all parties get the information they need. Insurance, real estate, finance, and commerce are just a few of the sectors where brokers are employed. Brokers can generate income in two different ways: a share of the commission received by the agents they support. 100% of the commission they receive from their own transactions.
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Definition for crime and violence
Answer:
Crime can therefore be defined as a violation of the law and an act of deviance from established rules, or a non-commission of an action that is required by law. Violence, on the other hand, is an act of physical aggression that in most cases results in harm.
KNOWLEDGE CHECK After you've finished building your portfolio and adding securities to it in PRTU, what is your next logical step? o To research the securities with DES and FA o To export your portfolio into Microsoft Excel o To type securities into the amber Security field in PRTU to include them in your portfolio o To analyze the portfolio in PORT
once you've done creating your portfolio and adding securities to it in PRTU, to analyze the portfolio in PORT.
What is portfolio?
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, cash, cash equivalents, and their fund equivalents. Although real estate, gold, paintings, and other collectable works of art can all be added to a portfolio to diversify it, stocks and bonds are typically thought of as its main building elements.
An investment portfolio can be compared to a pie that has been cut into various wedge-shaped pieces, each of which represents a distinct asset class and/or kind of investment. In order to obtain an optimum risk-return portfolio allocation for their degree of risk tolerance, investors strive to build a well-diversified portfolio. Although cash, stocks, and bonds are typically thought of as the three main components of a portfolio, you may expand your holdings with a wide range of assets, including as real estate, gold stocks, other kinds of bonds, artwork, and other collectibles.
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Discuss reasons why a business might choose to sell direct to customers through a website with e-commerce facilities, as opposed to through fixed (physical ‘bricks and mortar') premises.
Answer:
Businesses might prefer selling direct to customers through a website with e-commerce facilities because:
1. For covering a wider distance, distance is not a barrier.
2. For flexibility for customers, as some e-commerce even accepts cryptocurrency payments.
3. For product and price comparison.
4. For saving cost incurred from having fixed (physical ‘bricks and mortar') premises.
5. For saving the cost of paying workers.
6. For maintaining social distancing protocol given by the government especially during the pandemic. This doesn't put anyone at risk.
Explanation:
The question above asks for justifications why a business might choose to sell direct to customers through a website with e-commerce facilities rather than selling to customers through fixed (physical ‘bricks and mortar') premises.
First, selling to customers through a website with e-commerce facilities involve virtual transactions with customers paying for goods and services they are interested in over the internet. With this, customers can pay with their bank cards through e-commerce websites. While selling through fixed (physical ‘bricks and mortar') premises involve direct contact in-person with the customer and possibly payment is made in cash or through any other accepted methods.
6.If your company matches 75 cents on the dollar, and you contribute $200 a paycheck, how much will your employee match?
PLZ HELPPP I DONT UNDERSTAND THIS
Answer:
Your employee match will be 0.75 x 200
so only around $17.5
Products produced in a competitive market are
differentiated
unique
standardized and differentiated
standardized
Answer:
Standardized
Explanation:
Firms that are purely competitive provide a standardised (same or homogenous) product. Consumers will be unconcerned about whose vendor they acquire the goods from as long as the pricing is the same.
Monopolistically competitive companies make a typical profit in the long run since entrance into the market is easy. The sort of goods supplied distinguishes oligopoly from perfect competition.
What is one way a command economy affects?
Supply and demand factors, which determine what, how much, and at what price goods and services should be produced, are not allowed under a command economy.
Instead, all economic activity are planned, coordinated, and under the direction of a single government, which discourages market competition.
What is command economy?A command economy is a crucial component of a political system in which the degree of output that is permitted and the prices that may be paid for goods and services are set by a central governing body. Most industries are owned by the public.
The principal alternative to a command economy is a free market economy where supply and demand determine prices and output.
A communist political system includes a command economy, whereas capitalist countries have a free market.
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The monopoly faces an inverse demand as , where is its quantity, is its price, and is its level of advertising spending. Its marginal cost of production is $100 per unit, and its cost of a unit of advertising is Find how much profit can be increased at most because of the advertisement.
The maximum increase in profit due to advertising can be determined by analyzing the impact of advertising spending on the monopolist's revenue and cost.
To determine the maximum increase in profit due to advertising, we need to analyze the impact of advertising spending on the monopolist's revenue and cost. The inverse demand function can be represented as , where is the quantity, is the price, and is the level of advertising spending. The monopolist's revenue is given by , where is the quantity sold. The monopolist's cost consists of the cost of production and the cost of advertising. The cost of production is constant at $100 per unit.
To calculate the impact of advertising on profit, we need to determine the change in revenue and cost resulting from a change in advertising spending. The cost of advertising is given, so the change in cost is simply the difference between the cost with advertising and the cost without advertising. The change in revenue can be calculated by considering the effect of advertising on quantity sold and price.
By subtracting the change in cost from the change in revenue, we can determine the change in profit resulting from advertising. This value represents the maximum increase in profit that can be achieved through advertising spending.
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what are the incentives associated with each method of payment for both the health care provider and the insurance company?
The incentives for healthcare providers and insurance companies in each payment method vary, but FFS incentivizes volume, while value-based incentivizes quality and cost-effectiveness.
When it comes to healthcare, providers and insurance companies can choose from two primary payment models: fee-for-service (FFS) and value-based.
Each method has different incentives for providers and insurers; for example, FFS encourages healthcare providers to perform more services to maximize revenue, while value-based incentivizes quality care and cost-effectiveness. Ultimately, providers and insurers should select a payment method that aligns with their business goals and meets the needs of their patients.
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which of the following are determinants of supply? multiple select question. a)number of buyers b)producer expectations c)taxes and subsidies d)prices of other goods
The determinants of supply include producer expectations, taxes and subsidies, and the prices of other goods.
a) Number of buyers is not a determinant of supply. It is a factor that affects demand rather than supply. The number of buyers influences the demand for a product or service, but it does not directly impact the supply side of the market.
Therefore, the correct determinants of supply from the options provided are producer expectations, taxes and subsidies, and the prices of other goods. Producer expectations refer to how producers anticipate future market conditions, which can affect their willingness to supply goods or services. Taxes and subsidies directly impact production costs and can influence the supply curve. Prices of other goods, specifically related goods or inputs used in production, can also impact the supply of a particular good or service.
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it becomes increasingly difficult to coordinate the activities of people in an organization as
All of the above contribute to difficulties in coordination, so option (D) is correct answer.
The organization is made up of many, different, and complex parts. Coordination is therefore an essential task for completing its tasks and producing a balanced organizational performance. Coordination is essential to an organization's existence. It is essential to the day-to-day operations of the company.
Different organizational theories are based on the coordination benefits of managerial hierarchies in relation to the market, the superior capability of organizational hierarchies to efficiently coordinate transactions involving underlying assets, and the complementary potential of coordinating multiple activities within the organization.
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Complete question is below.
It becomes increasingly difficult to coordinate the activities of people in an organization as
a. the number of employees increases.
b. employees are increasingly dispersed geographically.
c. the business becomes more multidimensional with different products, services, and
operating divisions.
d. all of the above contribute to difficulties in coordination
110 PART 2 PORTER'S APPROACH TO INDUSTRY ANALYSIS Michael Porter, an authority on competitive strategy, contends that corporation is mes con cemed with the intensity of competition within its incestry
Michael Porter's approach to industry analysis is based on his ive Forces Fmodel. This model is used to determine the intensity of competition within an industry and to identify the key factors that influence a corporation's ability to compete in the market.
The five forces include:
1. Threat of new entrants: This refers to the ease with which new competitors can enter the market. If there are low barriers to entry, the threat of new entrants is high, and competition within the industry is likely to be intense.
2. Bargaining power of suppliers: This refers to the ability of suppliers to influence the prices of the goods and services they provide. If suppliers have a high degree of bargaining power, they can exert more control over the prices of their products, which can impact the profitability of the corporations within the industry.
3. Bargaining power of buyers: This refers to the ability of buyers to influence the prices of the goods and services they purchase. If buyers have a high degree of bargaining power, they can exert more control over the prices of the products they buy, which can impact the profitability of the corporations within the industry.
4. Threat of substitute products: This refers to the availability of products or services that can be used in place of those offered by the corporations within the industry. If there are many substitute products available, the threat of substitution is high, and competition within the industry is likely to be intense.
5. Rivalry among existing competitors: This refers to the level of competition among the corporations within the industry. If there is a high degree of rivalry, competition within the industry is likely to be intense.
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True or false: The cost of capital depends on the source of the funds.
True. The cost of capital does depend on the source of the funds.
The cost of capital refers to the cost a company incurs in order to raise funds for its operations and investments. It represents the required rate of return that an investor or lender expects in exchange for providing capital to the company.
Different sources of funds, such as equity, debt, or retained earnings, have different costs associated with them. Equity financing involves issuing shares of ownership in the company and may require dividend payments or potential dilution of ownership. Debt financing involves borrowing money and incurring interest payments.
Since the cost of equity and debt financing can vary, the cost of capital will differ depending on the specific sources of funds utilized by the company. The cost of capital reflects the weighted average cost of all the different sources of funds employed, taking into account their respective costs and proportions in the company's capital structure.
Therefore, the statement is true: the cost of capital depends on the source of the funds utilized by a company.
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Bethany has $3. 10 in nickels and dimes. She has a total of 44 coins. What is the value of the nickels Bethany has?.
If, Bethany has $3. 10 in nickels and dimes and She has a total of 44 coins , then the value of the nickels Bethany has is $0.75.
How to find?Let x be the number of nickels Bethany has. Then, the number of dimes Bethany has is (44 - x). According to the given information: 5x + 10(44 - x) = 310.
Using this formula we can get the value of the nickel that Bethany has. Therefore, the value of the nickels Bethany has is $0.75. Hence, the correct option is 75 cents.
Here's how to solve the problem algebraically:
Given: 44 coins, $3.10 total value, We are to find the value of the nickels Bethany has. Let x be the number of nickels Bethany has. Then, the number of dimes Bethany has is (44 - x). The value of x (nickels) in cents is: 5xThe value of (44 - x) (dimes) in cents is: 10(44 - x)
So, we can write an equation: 5x + 10(44 - x) = 310.
We simplify it:5x + 440 - 10x = 310 -440 -5x
= -130x = 26,
Therefore, Bethany has 26 nickels.
The value of 26 nickels is: 26(5 cents) = 130 cents = $1.30The value of the nickels Bethany has is $0.75.
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what audience solution should you use to reach home decor enthusiasts with your video campaign?
The various solution that you should use to reach home decor enthusiasts are-
Affinity Audiences.Demographics and Detailed Demographics.Life Events.Custom AudiencesWhat do you mean by Audience?
A group of listeners or viewers is called an audience. A sizable audience—readers, viewers, or listeners—attended the concert. The target audience for the movie is children.The lay audience, managerial audience, and expert audience are three different types of audience. You must advertise to and sell your goods to a valuable and focused audience if you want to run a successful business.To know more about Audience here
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PLEASE HELP FAST!!! What is the MOST likely reason that lottery winners often end up with serious financial problems?
They make financial decisions that are not based on their emotions.
They become victims of fraud by those looking to take advantage of the wealthy.
They think over their financial decisions too thoroughly.
The weigh their long- and short-term financial goals before making any decisions.
Answer:
They become victims of fraud by those looking to take advantage of the wealthy.
Explanation:
The most likely reason that lottery winners often end up with serious financial problems is: “They become victims of fraud by those looking to take advantage of the wealthy.” Hence, Option B is correct.
What does financial problems mean?Financial difficulty is the inability to make either short-term or long-term debt payments. Debt makes managing money more difficult and reduces one's purchasing power.
Up until all obligations are paid, financial issues become a source of worry. It is necessary to find a solution so that debts can be paid back. Students frequently struggle to pay their bills and afford their education, and many of them have poor incomes, limited financial literacy, and many more.
Families are vulnerable to the destructive effects of economic hardship and financial turmoil. Many families lose their houses, automobiles, retirement accounts, valuables, money, health insurance, and other things during hard economic times.
Therefore, Option B is correct.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Is a business plan a one time fee?
Answer:
i think so :)
Explanation:
Fill The Blank ?world foreign direct investment flows between 1990 and 2017 increased by 600 percent. if a company decides to set up a new operation in a foreign country, what the company has been involved with______
Fill The Blank ? World foreign direct investment flows between 1990 and 2017 increased by 600 percent. if a company decides to set up a new operation in a foreign country, what the company has been involved with Foreign Direct Investment.
Foreign Direct Investment (FDI) is an investment made by a company or entity in one country into business interests located in another country. It occurs when a company invests directly in facilities such as factories, real estate, or equipment in another country.
FDI is a major driver of economic growth and development, providing companies with access to new markets, and allowing them to benefit from lower production costs and increased efficiency.
Over the past three decades, FDI flows have increased dramatically, with global FDI flows increasing by 600 percent between 1990 and 2017. FDI can also bring with it new technologies and management practices, which can help to boost productivity and competitiveness.
FDI can also create jobs and spur economic growth in the host country, as companies establish new operations and hire local workers. Additionally, FDI can help to increase exports, as countries can benefit from new markets, access to resources, and improved access to capital.
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PLEASE HELP!!! What is the name for the highest amount a policyholder pays for deductibles, coinsurance, and co payments?
A. benefit maximum
B. coverage maximum
C. out-of-pocket maximum
D. premium maximum
Answer:
out of pocket
Explanation:
plato
What are the goals of government regulation?
low unemployment, price stability,
economic growth
O high unemployment, price instability,
economic growth
low unemployment, price stability,
economic steadiness
O high unemployment, price instability,
economic steadiness
Answer: A) low unemployment, price stability, economic growth
Explanation: Government regulation attempts to promote growth, full employment, and price stability for the well-being of the citizens
The goals of an ideal government while making regulations shall include the following purposes,
low unemployment, price stability,economic growth.Therefore, the option A holds true.
What is the significance of government goals?The goals of a government can be referred to or considered as the qualitative and quantitative targets set by the government in order to foresee better conditions in the future. These are backed by economic plans and regulations.
For a developing or a developed government, the goals must be economically based while being regulated. These goals must include reduced poverty and unemployment in order to achieve a healthy economic growth.
Therefore, the option A holds true and states regarding the significance of the goals of a government.
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Which investors have the right to vote for or against business initiatives presented at the annual general meeting?
_________ shareholders have the right to vote for or against a business decision made by the company in which they invested.
Answer: Equity
Explanation: Plato(Edmentum)
Equity shareholders have the right to vote for or against a business decision made by the company in which they invested.
What is the shareholder?A shareholder of a corporate body is an individual or legal entity who is certified by the corporate body as the registered proprietor of shares of a private or publicly traded corporation's share capital. Anyone who owns'shares in a company limited by shares is referred to as a shareholder.
Members of a corporation may be referred to as shareholders. The shareholder is the company's owner who provides financial security, controls how the directors manage the company, and receives a percentage of any profits produced by the company.
Therefore, Equity shareholders can vote for or against a business decision made by the firm in which they have invested.
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On 1 March 2018 Sanjeev, who is a sole proprietor, had $600 cash on hand and an overdraft of $400 at the bank. Sanjeev reported the following transactions for the month of March 2018.
2018
Mar 1 - Cash receipt - For sale of old surveillance equipment, $1 800.
5 - Invoice - Received from DD Ltd an invoice showing the value of goods bought for resale at $7 500 less 25% trade discount.
9 - Cash voucher - Sanjeev withdrew $200 for his private use.
13 - Invoice - Sent an invoice to Layby Stores for goods for resale, $2 250 less 20% trade discount.
14 - Credit note - Received a credit note from DD Ltd for good which were delivered, but not according to the requirements of the order, and which showed a value of $800 less 25% trade discount.
16 - Cash register totals report - End of day cash sales report totalled $3 680.
19 - Credit note - Sent a credit note to Layby Stores for goods damaged in transit, $200 less 20% trade discount.
23 - Paying in slip counterfoil - Banked $5 000 of the cash on hand.
26 - Cheque stub - For payment to Jeff's Air-Con Inc. in settlement of an account of $7 500, less a 5% cash discount.
30 - Paying in slip counterfoil - For cheque received from Layby Stores in settlement of their account to date, less a cash discount of $150.
Using the form provided on page 5, record the transactions relevant to a three column
Cash Book. Total and balance the Cash Book as at 31 March 2018.
The cash book balance as of March 31, 2018, would be $10,930.
In March 2018, the following transactions were recorded in the Cash Book:
On March 1, Sanjeev received $1,800 in cash from the sale of old surveillance equipment.
On March 9, Sanjeev withdrew $200 in cash for personal use.
On March 16, the cash register totals report indicated that the end-of-day cash sales amounted to $3,680.
On March 23, Sanjeev deposited $5,000 of the cash on hand into the bank, using a paying-in slip counterfoil.
On March 30, Sanjeev received a cheque from Layby Stores as settlement of their account to date, which included a cash discount of $150. This transaction was also recorded using a paying-in slip counterfoil.
The total cash book balance as of March 31, 2018, would be calculated by adding the cash receipts and subtracting the cash withdrawals and payments. Considering the above transactions, the cash book balance as of March 31, 2018, would be $10,930.
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expenditures on the good, what can we infer? Elasticity of demand is between 0 and 1. Elasticity of demand equals 1. Elasticity of demand is between 1 and infinity. Elasticity of demand is infinity. None of the above.
Elasticity of demand is between 0 and 1.
What can we infer from expenditures on the good?When the elasticity of demand is between 0 and 1, it indicates an inelastic demand for the good. In this case, changes in the price of the good will result in proportionately smaller changes in the quantity demanded.
If expenditures on the good increase, it suggests that the price of the good has decreased, leading to an increase in quantity demanded.
Since the demand is inelastic, the increase in quantity demanded will be relatively smaller compared to the decrease in price, resulting in an overall increase in expenditures on the good.
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Which of the following is a cause of Cost-Push Inflation?
1. lower labor costs
2. lower prices for raw materials
3. Higher tax discounts on products
4. Increases in the cost to produce
Answer, 4
Explanation: I got it right in odyssey ware
Rick Gold is the owner of the Triple Tree chain of five-star prestige hotels. These hotels are in Miami, Munich, New York, Toronto, Beijing, Houston, Paris, and Toronto. Mr. Gold is currently struggling to set Monday-Tuesday rates for the Toronto hotel (the Toronto Triple Tree). From Wednesday through Sunday, the Toronto Triple Tree has an average occupancy rate of 90%. On Monday and Tuesday nights, however, average occupancy declines to less than 30%. Triple Tree’s major customers are high-income vacationers who stay mainly Wednesday through Sunday.
The current room rate at the Triple Tree is $180 a night for single occupancy and $216 a night for double occupancy. These rates apply seven nights a week. For many years, Mr. Gold has resisted having rates for Monday and Tuesday nights that are different from those for the remainder of the week. Mr. Gold has long believed that price reductions convey a "cheap" impression to his guests. The Toronto Triple Tree decidedly values its reputation for treating its visitors as if they were royalty.
Most room costs at the Triple Tree are fixed on a short-stay (per-night) basis. Mr. Gold estimates the variable costs of servicing each room to be $24 a night per single occupancy and $26.40 a night per double occupancy.
Many prestige hotels in Toronto offer special early week rate reductions (Monday and/or Tuesday) of up to 50% of their Wednesday-through-Sunday rates. These beginning of the week rates also include additional items such as a discounted breakfasts, an alcohol package, and free Raptors tickets.
After reading the preceding activity, discuss the following questions
What are some of the major costs faced in the hotel industry? Which ones are fixed vs. variable costs?
What type of company is Triple Tree (e.g., manufacturing, merchandise, service)? Does it have inventoriable costs? Explain.
What are some of the industry factors in the last decade or so that have impacted the hotel industry, on both a positive and negative level?
Would you recommend that Mr. Gold reduce room rates at the Toronto Triple Tree on Monday and Tuesday nights? What factors to protect the value proposition should be considered in his decision?
In four months, a Taylor Swift/Drake concert is to be held in Toronto on a Monday. Mr. Gold observes that several five-star prestige hotels have already advertised a Sunday-through-Tuesday rate for that week of $360 a night. Should Mr. Gold charge extra for that week? Explain.
Major costs faced in the hotel industry include: Fixed Costs and Variable Cost
Fixed Costs: These are costs that do not vary with the level of occupancy or guest activity. Examples include property taxes, insurance, mortgage/rent payments, salaries of permanent staff, and maintenance expenses.
Variable Costs: These costs are directly related to the level of occupancy and guest activity. Examples include housekeeping, guest supplies, utilities (electricity, water), food and beverage costs, laundry, and guest amenities.
Triple Tree is a service company in the hotel industry. It provides accommodation services to guests. While the hotel industry does not have inventories in the traditional sense, it does have perishable inventory in the form of hotel rooms. Once a night passes, the opportunity to sell that room at full price is lost. Therefore, rooms are considered perishable inventory.
Positive industry factors in the last decade:
Increasing global tourism: More people are traveling for leisure and business purposes, leading to increased demand for hotel accommodations.
Technological advancements: Online booking platforms and mobile apps have made it easier for customers to search and book hotels, increasing convenience and accessibility.
Growing economy: Improved economic conditions have led to increased travel and discretionary spending, benefiting the hotel industry.
Negative industry factors in the last decade:
Economic downturns: Economic recessions or financial crises can lead to a decrease in travel and discretionary spending, negatively impacting the hotel industry.
Increased competition: The proliferation of sharing economy platforms such as Airbnb has increased competition for traditional hotels.
Changing consumer preferences: Some travelers are opting for alternative accommodations like vacation rentals or boutique hotels, challenging the market share of traditional hotels.
Whether Mr. Gold should reduce room rates at the Toronto Triple Tree on Monday and Tuesday nights depends on several factors:
Occupancy rates: If the occupancy rate on Monday and Tuesday nights is consistently low, reducing room rates may help increase demand and occupancy during these days.
Competitive landscape: If other prestigious hotels in Toronto are offering discounted rates on Monday and Tuesday nights, Triple Tree may need to consider similar pricing strategies to remain competitive.
Value proposition: Mr. Gold's concern about maintaining the hotel's reputation as a high-end establishment should be considered. He needs to evaluate whether the potential increase in occupancy and revenue outweighs any negative perception associated with price reductions.
In the case of a Taylor Swift/Drake concert, where other hotels have already advertised a Sunday-through-Tuesday rate of $360 a night, Mr. Gold may consider charging extra for that week. The high demand during the concert period presents an opportunity to capture additional revenue. However, Mr. Gold should carefully assess market conditions, competitor pricing, and customer expectations to ensure that the pricing remains reasonable and aligned with the value proposition of Triple Tree.
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In providing ____,the government establishes and enforces the laws necessary for a market economy to function
Answer:
I think that's regulations