Chuck stout is the rm for the holiday inn express. his 220-room property normally sells 85 percent of its rooms on tuesday nights at an adr of $141.50. all variable costs related to selling his rooms are $55.00 per room. the dosm at his holiday inn express is proposing to place a bid to sell 125 rooms for a tuesday night next month at a rate of $109.00 per room. chuck believes that if the hotel wins this group rooms bid, the transient room sales for that day will ensure a sell-out at the rate of $141.50.what would be the total amount of after-variable costs rooms’ revenue the hotel will achieve if it wins the group rooms contract? $14,967.50$13,442.50$16,175.50$18,7 47.50what would be the after-variable room’s income if the hotel does not win the contract? $16,175.50$14,967.50$18,747.50$14,5 47.00

You want to paint your room yellow, so you get some samples at the paint store. when you hold the sample against your white wall, it looks different from the way it looks against the green curtain. a psychologist would attribute this to perceptual constancy. visual paradoxes. contrast effects. threshold differences.

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls