1. Identify the specific type of budget• Long-rangeAnnualAchievementthat would best address each of the following questions a full-service hotel manager would like to answer.(a)(b)(c)(d)(e)(h)(i)(j)QuestionHow much will we spend for front desk agents next Tuesday night?What will be our labor costs in the third quarter of next year?What will be my rooms renovation costs in four years when all guest room furnituremust be replaced?What is our best estimate of next year's rooms revenue?How much sales tax will we collect next week?What will be the amount of our guest room supplies purchases next year?How many guest rooms will we sell next year?How many guest rooms will we sell next week?What will be the cost of replacing the hotel's HVAC (heating/ventilation and airconditioning) system five years from now?What is our best estimate of next year's food and beverage revenue?Type of Budget

(1)Long range budget:A long-range budget is a financial plan that extends for more than one year…

Answered: 1. Identify the specific type of budget…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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I need an explanation for STEP 2. Step 1 is just a reference. Thank you.Step 1. Problem recognition, definition and evaluation A lot more money is being spent by your friend each year than is being received. Expense > Revenue $ 10,500 + $ 15,000 = $ 25,500 > 4 x $360 x 12 month = $ 17,280 $ 25,500 > $ 17,280 ( variance $ 8,220 ) The problem could be that the monthly rent is too low. She is losing $ 8,220 per year Step 2. Development of the feasible alternatives Option (1). Raise the rent (Will the market bear an increase?) Option (2) . Lower maintenance expenses (But not so far as to cause safety problems) Option (3). Sell the apartment building. (What about a loss?) Option (4). Abandon the building (Bad for your friend’s reputation)
What are the expected average quarterly costs of running a consulting practice if fixed costs are expected to be $4,000 a month and variable costs are expected to be $100 per client for each quarter? Expected number of clients for the year are: Jan - March April - June July - Sep Oct - Dec 110 140 150 100 A. $12,500 B. $24, 500 C. $16, 500 D. $19,500
Part A: Use a spreadsheet to prepare a monthly personal budget to show the available surplus based on the following data. ➤ Monthly salary is QAR 14,600. ➤ Monthly rental expense is QAR 6,650. 19tn3. onidiol ➤ Food expenses are QAR 250 per week. ➤ Electricity is estimated to be QAR 50 per month. ➤ Ooredoo unlimited usage telephone plan is QAR 320 per month. Entertainment is estimated to be QAR 500 per week. ➤Clothing expenses are estimated to be QAR 5,000 per year. Fuel QAR 50 per week. ➤Insurance QAR 2,460 per year. ➤ Vehicle maintenance QAR 2,000 per year. ➤You decide that you must leave a budgeted surplus of QAR 1,000 per month to cover unexpected expenses.
Please do not give solution in image format thanku
11. You have a net income of $40000/year. Your expenses include the following: 。 Rent: $800/month 。 Insurance: $225/semi-annually 。 Car Payment: $315/month 。 Car Expenses: $1000/year • RRSP: $50/month 。 Entertainment: $50/week 。 Cell Phone: $75/month 。 Food: $500/month a. Create a budget. b. Modify the budget to include a savings plan of $100/week. * c. You paid off your car and have decided to buy a house. Your mortgage payment is now $1050/month. Modify the budget to reflect this new financial plan.
Assuming your budgets are stable across the year, how much of your Company's budget do you have left for developing new collateral for the remainder of this month?
Hh1. Account
4. What is the dollar value of budgeted soap purchases? Round calculations to a level that makes sense for situation
Give me correct answer with explanation.h
Subject: Finance A computer company has a monthly advertising budget of $60,000. Your sales department estimates that if x dollars are spent each month in newspaper advertising and and dollars each month in television advertising, the monthly sales will be given in dollars. If the utility is 10% of sales less the cost of advertising; determines how to assign the advertising budget to maximize production. Solve it with Lagrange Multipliers

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