All categories

2 years ago

(LaVilla) LaVilla is a village in the Italian Alps. Given its enormous popularity among

Business

1 answer:

garri49 [273]2 years ago

8 0

Answer:

a) 120 skiers per day

b) 6.25% increase in revenue

Explanation:

a) If the average skier stays 10 days, the average turnover is 1/10 of the skiers per day, or 1200/10 = 120 skiers per day.

b) For a stay of n days, the average skier spends ...

50 +(n-1)30 = 20 +30n

and the average spending per day is ...

(20 +30n)/n = (20/n) +30

So, for a 10-day stay, the average skier spends in restaurants ...

20/10 +30 = 32 . . . . per day

And for a 5-day stay, the average skier will spend ...

20/5 +30 = 34 . . . . per day

The change in restaurant revenue is expected to be ...

(34 -32)/32 × 100% = 2/32 × 100% = 6.25%

Restaurant revenues will be 6.25% higher compared to last year.

You might be interested in

An artist who uses a spontaneous, less fussy approach to painting can be said to be using the ____________ technique

Scilla [17]

The technique that the artist is using could be described as the alla prima technique in which it is often used in paintings such as the oil paintings. It is a painting technique that uses wet paint to be able to give out its spontaneous and fuzzy look. The wet paints that are being applied to the portrait has many layers to show its structure or the beauty of the technique.

3 0

2 years ago

A monopolist makes self‑cleaning jackets. At a price of $100 each, it can sell 20 jackets. At a price of $98 each, it can sell 2

tatiyna

Answer:

The answer is $2,000

Explanation:

A monopolist is a single seller in the industry. A monopolist can influence the market price because he is the only one selling the product in the industry and has many buyers. Monopoly is an imperfect market and there are price discriminations in this market. A monopolist can charge different prices for different people.

We have first degree price discriminations, second degree price discriminations and third degree price discriminations.

Total revenue = selling price x units sold

Selling price is $100

Units sold is 20 jackets

Total revenue is therefore, $100 x 20 jackets

=$2,000

6 0

2 years ago

Walthaus Corporation's standard cost sheet is as follows Direct material Direct labor Variable overhead Fixed overhead 4 feet at

nirvana33 [79]

Answer:

1. U. None of these

2. Variable overhead price variance = $2,000 F

Variable overhead efficiency variance = $4,000 U

Explanation:

Please see attachment.

4 0

2 years ago

Suppose that students at Big University buy season football tickets at the beginning of the fall semester. Everyone expects that

Elena L [17]

Answer:

A) The current supply will shift to the left

Explanation:

The supply curve shifts to the left when the total quantity supplied decreases, which results in a price increase at any given quantity.

If everyone expects that the football team will have a great season, the quantity demanded for tickets will increase, which will increase their price. But the suppliers will also hold to their tickets until a day or two before the games to increase expectations and fans' anxieties. That way the price will increase even more, and they will make a higher profit.

8 0

2 years ago

The Nashville Division of Country Classics currently reports a profit of $3.6 million. Divisional invested capital totals $9.5 m

nlexa [21]

Answer:

Nashville's residual income = Net profit - Imputed cost of capital

= $3,600,000 - 12% x $9,500,000

= $3,600,000 - $1,140,000

= $2,460,000

Explanation:

Residual income is equal to net income minus imputed cost of capital. Imputed cost of capital is the product of interest rate and capital invested.

4 0

2 years ago